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Mar 31, 2022
Emerson Q2 2022 Earnings Report
Emerson's Q2 2022 results were reported, with increased full-year outlook reflecting continued strong demand and execution.
Key Takeaways
Emerson reported an 8% increase in net sales to $4.8 billion and a 22% increase in GAAP EPS to $1.13 for the second quarter of 2022. The company has updated its full year outlook to reflect overall strong business performance. Emerson also announced its decision to exit its Russia business.
March Trailing Three-Month Underlying Orders up 13 percent.
Net Sales were $4.8 billion, up 8 percent from the year prior; Underlying Sales were up 10 percent.
GAAP EPS was $1.13, up 22 percent from the year prior; Adjusted EPS was $1.29, up 21 percent.
Increased 2022 Full Year Outlook to reflect continued strong demand and execution.
Forward Guidance
Emerson updated its 2022 full year outlook to reflect overall strong business performance while considering continued macroeconomic and geopolitical uncertainty, supply chain constraints and challenges related to COVID-19.
Positive Outlook
- Net and Underlying Sales guidance is increased by 2 percent to 8 to 10 percent and 9 to 11 percent, respectively.
- Earnings Per Share guidance of $4.77 to $4.92 is increased to reflect the operational impact of increased sales guidance.
- Adjusted Earnings Per Share are increased to $4.95 to $5.10.
- Operating Cash Flow is now expected to be $3.6 billion due to increased inventory resulting from supply chain constraints.
- Free Cash Flow is now expected to be $3.0 billion.
Challenges Ahead
- Continued macroeconomic and geopolitical uncertainty.
- Supply chain constraints.
- Challenges related to COVID-19.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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