Business Context and Reporting Period
Company: Emerson Electric Co.
Filing Type: Form 8-K (Current Report)
Date of Report: February 5, 2019
Subject: Announcement of First Quarter 2019 results of operations and financial condition.
Key Financial Metrics
The provided filing text serves as a cover document referencing a press release (Exhibit 99.1) for detailed figures. Consequently, specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity are not present in this text.
- Orders: The filing notes that underlying orders refer to the trailing three-month average orders growth versus the prior year, excluding currency, acquisitions, and divestitures.
- Non-GAAP Measures: The referenced press release contains non-GAAP financial measures defined under Regulation G, intended as supplemental information.
Material Changes
The filing text does not provide specific data points to quantify material changes versus the prior comparable period. It directs readers to the attached press release for the first quarter 2019 results.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing includes a cautionary statement regarding forward-looking information, noting that Emerson undertakes no obligation to update such statements.
Identified Risks and Uncertainties:
- Economic and currency conditions
- Market demand and pricing
- Protection of intellectual property
- Cybersecurity
- Tariffs
- Competitive and technological factors
- Impact of the Tax Cuts and Jobs Act
Investor Verification Checklist
- Review Exhibit 99.1 (the February 5, 2019 press release) for specific Q1 2019 revenue, earnings, and cash flow figures.
- Verify the reconciliation of non-GAAP financial measures to GAAP results as described in the press release.
- Assess the impact of currency fluctuations and the Tax Cuts and Jobs Act on the reported trailing three-month average orders growth.
- Confirm the company's current stance on tariffs and cybersecurity risks as outlined in the most recent Form 10-K.