earnings
confidence high
sentiment positive
materiality 0.75
Emerson Q3 2024: Adj EPS $1.43 (+11% YoY), sales $4.38B (+11%), Copeland exit advancing
EMERSON ELECTRIC CO
2024-Q3 EPS reported
$1.69
revenue$12,873,000,000
- GAAP EPS $0.60 vs $1.12 a year ago; adjusted EPS $1.43 vs $1.29, up 11%.
- Net sales $4,380M (+11%); underlying sales +3%; underling orders +3%.
- Operating cash flow $1,067M (+27%); free cash flow $975M (+27%).
- Declared quarterly dividend $0.525/share, payable Sept 10 to holders of record Aug 16.
- Copeland note receivable sale closed for $1.9B; equity stake sale to Blackstone expected by end of August; net after-tax proceeds ~$2.9B for debt paydown.