Emerson Q3 FY2023: GAAP EPS $1.03 (+171% YoY), revenue $3.95B (+14%)

EMERSON ELECTRIC CO

2023-Q3 EPS reported $21.56 revenue$11,075,000,000

GAAP EPS $1.03 vs $0.38 prior year; adjusted EPS $1.29 vs $0.92 (+40%).
Net sales $3,946M, up 14% as reported and underlying; adjusted segment EBITA margin 26.9% (+370 bps).
Operating cash flow $842M (+76%); free cash flow $769M (+83%).
FY2023 guidance raised: net sales growth ~10.5%, adjusted EPS $4.40-$4.45.
Quarterly dividend $0.52/share declared, payable Sept 11, 2023 to holders of record Aug 11.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EMERSON ELECTRIC CO reported third quarter ended June 30, 2023 results: revenue $3,946, net income $761 (pretax earnings), EPS $1.03 (GAAP Earnings Per Share). Guidance raised.

Period: third quarter ended June 30, 2023
Revenue: $3,946
Net income: $761 (pretax earnings)
EPS: $1.03 (GAAP Earnings Per Share)
Guidance: raised
Result: reported results

Exact text from the filing

payable September 11, 2023 to stockholders of record August 11, 2023. (dollars in millions, except per share) 2022 Q3 2023 Q3 Change Underlying Orders 1 3% Net Sales $3,465 $3,946 14% Underlying Sales 2 14% Pretax Earnings $378 $761 Margin 10.9% 19.3% 840 bps Adjusted Segment EBITA 3 $806 $1,060 Margin 23.2% 26.9% 370 bps GAAP Earnings Per Share $0.38 $1.03

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EMERSON ELECTRIC CO filing history →

Source: SEC EDGAR

accession 0000032604-23-000034

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