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Sep 30, 2022
Emerson Q4 2022 Earnings Report
Emerson reported strong Q4 2022 results with sales and adjusted EPS increases, driven by automation demand and backlog.
Key Takeaways
Emerson reported an 8% increase in fourth-quarter net sales and a 12% increase in underlying sales. Adjusted earnings per share were up 16 percent. The company's strong performance was driven by continued strength in automation demand and a robust backlog.
Fourth quarter net sales were up 8 percent and underlying sales were up 12 percent.
Adjusted earnings per share were $1.53, up 16 percent.
Fourth quarter operating cash flow was $1.2 billion, up 42 percent, and free cash flow was $1.0 billion, up 63 percent.
Automation Solutions fourth quarter net sales were up 7 percent, with underlying sales up 13 percent.
Emerson
Emerson
Forward Guidance
Emerson expects continued growth in sales and earnings per share for 2023, driven by automation demand and operational execution.