Emerson Q1 beats: adj EPS $1.22 vs $0.78 YoY; raises FY2024 adj EPS outlook to $5.30-$5.45

EMERSON ELECTRIC CO

2024-Q1 EPS reported $0.25 revenue$4,117,000,000

Net sales $4,117M (+22% YoY); underlying sales +10% YoY; adjusted segment EBITA margin 24.6% (+190 bps).
GAAP EPS $0.25 (-55% YoY) on restructuring and acquisition costs; adjusted EPS $1.22 (+56% YoY).
Operating cash flow $444M (+47%); free cash flow $367M (+51%).
Quarterly dividend of $0.525 per share declared, payable March 11 to holders of record Feb 16.
FY2024 outlook raised: adj EPS $5.30-$5.45, underlying sales growth 4.5%-6.5%, OCF $3.0-$3.1B.

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 0.9

EMERSON ELECTRIC CO reported first quarter ended December 31, 2023 results: revenue $4,117, EPS $1.22. Guidance raised.

Period: first quarter ended December 31, 2023
Revenue: $4,117
EPS: $1.22
Guidance: raised
Result: reported results

Exact text from the filing

payable March 11, 2024 to stockholders of record on February 16, 2024. (dollars in millions, except per share) 2023 Q1 2024 Q1 Change Underlying Orders 2 4% Net Sales $3,373 $4,117 22% Underlying Sales 3 10% Pretax Earnings $422 $139 Margin 12.5% 3.4% (910) bps Adjusted Segment EBITA 4 $765 $1,014 Margin 22.7% 24.6% 190 bps GAAP Earnings Per Share $0.56

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

EMERSON ELECTRIC CO filing history →

Source: SEC EDGAR

accession 0000032604-24-000004

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.