Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
EMERSON ELECTRIC CO reported Fiscal Year 2023 results: net income $10 billion to $11 billion, EPS $17 to $19. Guidance initiated.
- Period
- Fiscal Year 2023
- Net income
- $10 billion to $11 billion
- EPS
- $17 to $19
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
The earnings from discontinued operations for 2023 are expected to be $10 billion to $11 billion, or $17 to $19 per share, including the net gains on 2023 divestitures.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
EMERSON ELECTRIC CO entered into Transaction Agreement with BCP Emerald Aggregator L.P., a Delaware limited partnership formed by investment funds managed by affiliates of Blackstone Inc., Emerald Debt Merger Sub L.L.C., and Emerald JV Holdings L.P. valued at approximately $9.5 billion in cash and $2.25 billion senior unsecured notes (effective 2022-10-30).
- Action
- entry
- Agreement
- merger
- Counterparty
- BCP Emerald Aggregator L.P., a Delaware limited partnership formed by investment funds managed by affiliates of Blackstone Inc., Emerald Debt Merger Sub L.L.C., and Emerald JV Holdings L.P.
- Value
- approximately $9.5 billion in cash and $2.25 billion senior unsecured notes
- Effective
- 2022-10-30
Exact text from the filing
On October 30, 2022, Emerson Electric Co., a Missouri corporation (" Emerson "), BCP Emerald Aggregator L.P. (" BCP Emerald "), a Delaware limited partnership formed by investment funds managed by affiliates of Blackstone Inc., Emerald Debt Merger Sub L.L.C., a Delaware limited liability company and wholly owned subsidiary of BCP Emerald and Emerald JV Holdings L.P., a Delaware limited partnership and a wholly owned subsidiary of Emerson (" JV NewCo "), entered into a Transaction Agreement (the " Transaction Agreement ").
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