earnings
confidence high
sentiment neutral
materiality 0.60
Emerson Q1 FY2023 adj. EPS $0.78 flat YoY; revenue up 7% to $3.37B
EMERSON ELECTRIC CO
2023-Q2 EPS reported
$5.38
revenue$7,129,000,000
- GAAP EPS from continuing ops $0.56 vs $1.25 YoY, down 55% due to prior-year gain on subordinated interest.
- Adjusted EPS from continuing ops $0.78 vs $0.79 YoY; adjusted EBITA margin 19.7% vs 20.1%.
- Intelligent Devices segment sales $2.54B (+1% reported, +5% underlying); Software & Control sales $849M (+30% reported, +10% underlying).
- AspenTech contributed $243M sales (vs $82M) but GAAP segment EBIT -$33M; adjusted segment EBITA $88M.
- Underlying sales growth for total company in fiscal 2022 was 7% (Q1 6%, Q2 7%, Q3 4%, Q4 11%).