Emerson Electric Co

EMR

Equity

ISIN US2910111044 / Valor 928215

New York Stock Exchange, Inc (2024-09-17)

USD 103.90+1.47%

Emerson Electric Co
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About company

Emerson Electric Co is a diversified company that offers a wide range of professional tools, vacuums, and connected equipment for those working in mechanical, electrical, plumbing, and commercial trades. The company also provides pressure regulating products for various fluids and gases, as well as control valves, isolation valves, and safety relief valves for industrial applications. Additionally, Emerson offers electrical and lighting products for protection in challenging environments, along with operations management software designed to drive efficiency and profitability through digital transformation. With a portfolio of well-known brands like RIDGID, Greenlee, and Fisher, Emerson aims to provide reliable solutions for industry professionals worldwide.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Emerson Electric Co. reported a 5% increase in net sales for the fourth quarter of 2023, reaching $4,090 million compared to $3,892 million in the same quarter of 2022. For the full fiscal year 2023, net sales grew by 10%, totaling $15,165 million, up from $13,804 million in 2022.

Earnings Per Share

In the fourth quarter of 2023, Emerson Electric Co. achieved a GAAP earnings per share (EPS) of $1.22, a significant increase from $0.82 in the fourth quarter of 2022. The adjusted EPS for the same period was $1.29, up from $1.07 in the previous year, reflecting a 21% growth.

Operating Cash Flow

Emerson Electric Co. reported an operating cash flow of $1,007 million for the fourth quarter of 2023, a 24% increase from $813 million in the fourth quarter of 2022. For the full fiscal year 2023, operating cash flow was $2,726 million, marking a 33% increase from $2,048 million in 2022.

Dividends

Emerson Electric Co. declared a quarterly cash dividend of $0.525 per share of common stock, payable on December 11, 2023, to stockholders of record as of November 17, 2023. This reflects the company's commitment to returning value to its shareholders.

2024 Outlook

For fiscal year 2024, Emerson Electric Co. provided an optimistic outlook, projecting net sales growth between 14% and 17.5% for the first quarter and 13% to 15.5% for the full year. The company also expects adjusted earnings per share to range from $5.15 to $5.35 for the full year.

Summarized from source with an LLMView Source

Key figures

5.10%1Y

7.71%3Y

60.0%5Y

Performance

24.6%1Y

25.1%3Y

32.6%5Y

Volatility