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Dec 31, 2023

Emerson Q1 2024 Earnings Report

Emerson's Q1 2024 results exceeded expectations in key financial metrics, and the company updated its 2024 outlook.

Key Takeaways

Emerson reported strong Q1 2024 results, exceeding expectations in underlying sales, operating leverage, and adjusted earnings per share. The company updated its full year outlook for fiscal 2024.

Emerson's first quarter results exceeded expectations in key financial metrics including underlying sales, operating leverage and adjusted earnings per share.

Strong start to the year, continued focus on execution, and resilient process and hybrid demand provide the confidence to update our 2024 outlook.

NI, now referred to as Test & Measurement, started the year strong delivering robust sales and margins.

Increased and accelerated synergy plan in Test & Measurement and remain focused on creating value.

Total Revenue
$4.12B
Previous year: $3.37B
+22.1%
EPS
$1.22
Previous year: $0.78
+56.4%
Gross Profit
$1.92B
Previous year: $1.62B
+18.3%
Cash and Equivalents
$2.08B
Previous year: $2.27B
-8.6%
Free Cash Flow
$367M
Previous year: $243M
+51.0%
Total Assets
$46.5B
Previous year: $36.2B
+28.3%

Emerson

Emerson

Forward Guidance

Emerson updated its full year outlook for fiscal 2024.