Emerson Q1 2022 Earnings Report
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
Emerson Revenue by Segment
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income