secwatch.observer — SEC 8-K summary
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Issuer:     EMERSON ELECTRIC CO (EMR)
CIK:        0000032604
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0000950103-22-018712
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Emerson to sell 55% of Climate Technologies to Blackstone for $9.5B; Q4 beat
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- Divests 55% stake in Climate Technologies to Blackstone for $9.5B cash and $2.25B note; retains 45% equity.
- Q4 net sales $5.36B (+8% reported, +12% underlying); GAAP EPS $1.24, adjusted EPS $1.53.
- FY2022 net sales $19.63B (+8%); GAAP EPS $5.41 (+42%), adjusted EPS $5.25 (+16%).
- 2023 continuing ops guidance: underlying sales growth 6.5%-8.5%, adj EPS $4.00-$4.15; ~$2B share repurchases planned.
- Quarterly dividend raised to $0.52/share, payable Dec 9 to holders of record Nov 11.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/32604/000095010322018712/0000950103-22-018712-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/32604/000095010322018712/dp183410_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-018712

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