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Dec 31, 2021
Emerson Q1 2022 Earnings Report
Reported strong demand and increased full year outlook.
Key Takeaways
Emerson reported strong first quarter results with net sales up 8% and GAAP EPS up 103%. The company updated its 2022 full year outlook to reflect continued strong demand.
Demand continued to be strong with December Trailing Three-Month Underlying Orders up 17 percent
Net Sales were $4.5 billion, up 8 percent from the year prior; Underlying Sales were up 8 percent
GAAP EPS was $1.50, up 103 percent from the year prior; Adjusted EPS was $1.05, up 13 percent
Updated 2022 Full Year Outlook to reflect continued strong demand
Emerson
Emerson
Forward Guidance
Emerson increased its 2022 full year outlook. Net and Underlying Sales guidance is increased by 1 percent to 6 to 8 percent and 7 to 9 percent, respectively. Adjusted Earnings Per Share have been increased to $4.90 to $5.05.
Positive Outlook
- Net Sales Growth 6% - 8%
- Underlying Sales Growth 7% - 9%
- Automation Solutions Underlying Sales Growth 7% - 9%
- Commercial & Residential Solutions Underlying Sales Growth 9% - 11%
- Adjusted EPS $4.90 - $5.05
Challenges Ahead
- Ongoing supply chain constraints
- Challenges related to the COVID-19 pandemic
- Restructuring Actions $150M
- Capital Spend $650M
- Price-Cost $175M