Emerson Electric Co.

NYSE:EMR   3:59:53 PM EDT
84.99
+1.35 (+1.61%)
Other Pre-Announcement

Emerson Reports Second Quarter 2022 Results

Published: 05/04/2022 13:14 GMT
Emerson Electric Co. (EMR) - Emerson Reports Second Quarter 2022 Results; Updates 2022 Outlook.
Q2 Adjusted Earnings per Share $1.29 Excluding Items.
Emerson - Qtrly GAAP EPS Was $1.13.
Emerson - Qtrly Net Sales Were $4.8 Billion, Up 8 Percent From Year Prior.
Emerson- Announced Decision to Exit Russia Business.
Emerson- Increased 2022 Full Year Outlook to Reflect Continued Strong Demand and Execution.
Q2 Earnings per Share View $1.18, Revenue View $4.71 Billion -- Refinitiv Ibes Data (analyst estimates).
Emerson - Sees 2022 Net Sales Growth 8% - 10%.
Emerson- Sees Q3 Net Sales Growth 7% - 9%.
Emerson - Sees 2022 GAAP EPS $4.77 - $4.92.
Emerson- Sees Q3 Underlying Sales Growth 9% - 11%.
Emerson - Sees 2022 Adjusted EPS $4.95 - $5.10.
FY2022 Earnings per Share View $5.01, Revenue View $19.58 Billion -- Refinitiv Ibes Data (analyst estimates).
Q3 Earnings per Share View $1.33, Revenue View $5.04 Billion -- Refinitiv Ibes Data (analyst estimates).
Emerson- Sees Q3 GAAP EPS $1.00 - $1.05.
Emerson- Sees Q3 Adjusted EPS $1.25 - $1.30.
Q3 Earnings per Share View $1.33, Revenue View $5.04 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $5.01, Revenue View $19.58 Billion -- Refinitiv Ibes Data (analyst estimates).
Emerson - Sees 2022 Underlying Sales Growth 9% - 11%.
Emerson- As Part of Russia Exit, We Are Exploring Strategic Options to Divest Metran, Our Russia-based Manufacturing Subsidiary.