Emerson Q2 adjusted EPS $1.36 (+25% YoY), revenue $4.38B (+17%); raises FY2024 guidance to $5.40-$5.50

EMERSON ELECTRIC CO

2024-Q2 EPS reported $1.12 revenue$8,493,000,000

Q2 GAAP EPS $0.87 (-5% YoY); adjusted EPS $1.36 (+25%) on net sales $4.38B (+17% actual, +8% underlying).
Adjusted segment EBITA margin expanded 140 bps to 26.0%; operating cash flow $757M, free cash flow $675M.
FY2024 outlook raised: adjusted EPS $5.40-$5.50 (from prior $5.15-$5.35), net sales growth 15-16%.
Quarterly cash dividend declared at $0.525/share, payable June 10, 2024 to holders of record May 17, 2024.
Calvin Butler (CEO of Exelon) elected to Board effective Aug 1, 2024, expanding board to 12 members.

item 2.02 item 5.02 item 7.01 item 9.01

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Appointed

Calvin G. Butler, Jr.

Director

EMR · EMERSON ELECTRIC CO

Effective: 2024-08-01
Filed: May 8, 2024, 7:59 PM ET

On May 7, 2024, the Board of Directors of Emerson Electric Co. (the “Company”) elected Calvin G. Butler, Jr. as a Director of the Company, effective as of August 1, 2024 (the “Effective Date”).

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EMERSON ELECTRIC CO reported second quarter ended March 31, 2024 results: revenue $4,376, EPS $0.87. Guidance reaffirmed.

Period: second quarter ended March 31, 2024
Revenue: $4,376
EPS: $0.87
Guidance: reaffirmed
Result: reported results

Exact text from the filing

stock payable June 10, 2024 to stockholders of record on May 17, 2024. (dollars in millions, except per share) 2023 Q2 2024 Q2 Change Underlying Orders 2 (1)% Net Sales $3,756 $4,376 17% Underlying Sales 3 8% Pretax Earnings $639 $652 Margin 17.0% 14.9% (210) bps Adjusted Segment EBITA 4 $924 $1,139 Margin 24.6% 26.0% 140 bps GAAP Earnings Per Share $0.92

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Executive change SEC 8-K Item 5.02 confidence 1.0

Calvin G. Butler, Jr. was elected as Director at EMERSON ELECTRIC CO.

Action: elected
Role: Director

Exact text from the filing

On May 7, 2024, the Board of Directors of Emerson Electric Co. (the “Company”) elected Calvin G. Butler, Jr. as a Director of the Company, effective as of August 1, 2024 (the “Effective Date”).

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Source: SEC EDGAR

accession 0000032604-24-000021

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