other material
confidence high
sentiment positive
materiality 0.70
Emerson receives $438M Vertiv-related distribution; raises FY2022 GAAP EPS guidance by $0.58
EMERSON ELECTRIC CO
- Received ~$438M pretax distribution on Nov 10, 2021, from retained interest in Vertiv (sold in 2017).
- FY2022 GAAP EPS guidance raised by $0.58 to $4.79-$4.94 (prior $4.21-$4.36).
- Q1 FY2022 GAAP EPS guidance raised to $1.43-$1.47 (prior $0.85-$0.89).
- Adjusted EPS guidance unchanged at $4.82-$4.97 for FY2022 and $0.98-$1.02 for Q1.
- Potential total pretax distributions of ~$600M over next two years, subject to Vertiv share sales.