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Jun 30, 2023
Emerson Q3 2023 Earnings Report
Emerson's Q3 2023 results were driven by strong underlying sales growth and solid financial performance.
Key Takeaways
Emerson reported strong Q3 2023 results, with a 14% increase in net sales and a 171% increase in GAAP earnings per share. The company's performance was driven by its differentiated portfolio and exposure to attractive end-markets. Emerson has updated its full year outlook for fiscal year 2023 and is well-positioned to capture investments in key areas and deliver shareholder value.
Emerson delivered exceptional underlying sales growth and solid financial results.
The company continues to advance its growth and profitability as a leading automation company.
Emerson is uniquely positioned to capture customer investments in energy security, sustainability, digital transformation, and nearshoring.
The company looks forward to delivering continued shareholder value by building on its momentum.
Revenue by Segment
Forward Guidance
Emerson increased its fiscal year 2023 guidance for net sales growth to approximately 10.5% and underlying sales growth to approximately 10%. Adjusted earnings per share are expected to be between $4.40 and $4.45, with operating cash flow between $2.5B and $2.6B and free cash flow between $2.2B and $2.3B.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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