secwatch.observer — SEC 8-K summary
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Issuer:     EMERSON ELECTRIC CO (EMR)
CIK:        0000032604
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001193125-23-133091
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Emerson Q2 EPS beats, raises FY2023 guidance; CFO Dellaquila retiring, Baughman promoted
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- Q2 net sales $3.756B (+14% YoY); GAAP EPS $0.92 (+28%); adjusted EPS $1.09 (+25%).
- Adjusted segment EBITA margin 24.6% (+320 bps); operating cash flow $575M, free cash flow $513M.
- FY2023 adjusted EPS guidance raised to $4.15-$4.25; Q3 adjusted EPS seen $1.07-$1.11.
- CFO Frank Dellaquila retiring May 10, remains senior advisor through Sept 30; Mike Baughman promoted to CFO effective May 10.
- Quarterly dividend maintained at $0.52/share, payable June 9 to holders of record May 12.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/32604/000119312523133091/0001193125-23-133091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/32604/000119312523133091/d476266d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-133091

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