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Mar 31, 2024
Emerson Q2 2024 Earnings Report
Emerson's Q2 2024 results were reported, with sales growth, margin expansion, and earnings exceeding expectations.
Key Takeaways
Emerson reported strong Q2 2024 results, with sales growth, margin expansion, and earnings all exceeding expectations. The company has updated its full year 2024 outlook with confidence due to strong performance and relentless focus on execution.
Sales growth, margin expansion, and earnings exceeded expectations.
Underlying orders met low-single-digit growth expectations, supported by process and hybrid end markets.
Gross margin performance demonstrates the strength of the transformed portfolio and Emerson Management System.
Full year 2024 outlook was updated.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Emerson updated its full year outlook for fiscal 2024. The 2024 outlook assumes approximately $500 million returned to shareholders through share repurchases and approximately $1.2 billion of dividend payments. Guidance figures are approximate.
Positive Outlook
- Net Sales Growth 15% - 16%
- Underlying Sales Growth 5.5% - 6.5%
- Earnings Per Share $2.98 - $3.08
- Adjusted Earnings Per Share $5.40 - $5.50
- Free Cash Flow ~$2.7B
Challenges Ahead
- Amortization of Intangibles ~$1.43
- Restructuring and Related Costs ~$0.32
- Loss on Copeland Equity Method Investment ~$0.19
- Amortization of Acquisition-related Inventory Step-up $0.38
- Acquisition / Divestiture Fees and Related Costs ~$0.23
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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