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Jun 30, 2024
Emerson Q3 2024 Earnings Report
Emerson's Q3 2024 results were reported, with updated full-year outlook for fiscal year 2024.
Key Takeaways
Emerson reported strong Q3 results with solid underlying orders growth, exceeding expectations for profitability and cash flow. The company also reached an agreement to fully exit the Copeland business, focusing on automation.
Emerson delivered a strong quarter with solid underlying orders growth.
Profitability and cash flow exceeded expectations.
Demand in process and hybrid markets continues to meet expectations.
Agreement reached to completely exit the Copeland business.
Revenue by Segment
Forward Guidance
Emerson provided fiscal year 2024 guidance, anticipating net sales growth of approximately 15% and underlying sales growth of approximately 6%.
Positive Outlook
- Net Sales Growth ~15%
- Underlying Sales Growth ~6%
- Operating Cash Flow ~$3.2B
- Free Cash Flow ~$2.8B
- Approximately $300 million returned to shareholders through share repurchases and approximately $1.2 billion of dividend payments.
Challenges Ahead
- Amortization of Intangibles ~$1.42
- Restructuring and Related Costs ~$0.34
- Loss on Copeland Note Receivable $0.38
- Amortization of Acquisition-related Inventory Step-up $0.38
- Acquisition / Divestiture Fees and Related Costs ~$0.24
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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