Business Context and Reporting Period
Company: Emerson Electric Co.
Filing Type: Form 8-K (Current Report)
Date of Report: October 23, 2017
Context: This filing references a press release (Exhibit 99.1) issued on the same date. The report discusses the operational impact of recent hurricanes and provides a preview of anticipated fourth-quarter and full-year 2017 results.
Key Financial Metrics
The filing text itself does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It states that the accompanying press release (Exhibit 99.1) includes preliminary data for:
- Sales
- Earnings per share
- Operating cash flow
- Free cash flow
- Free cash flow conversion
The filing notes that references to "underlying orders" in the press release refer to the trailing three-month average orders growth versus the prior year, excluding currency, acquisitions, and divestitures.
Material Changes and Operational Impact
The primary material event highlighted is the impact of recent hurricanes on the Company's operations. The filing indicates that the press release details how these weather events affected business activities and financial performance.
Guidance, Outlook, and Risks
Outlook: The press release provides a preview of anticipated results for the fourth quarter and the full year of 2017.
Non-GAAP Measures: The filing discloses the use of non-GAAP financial measures, which are intended as supplemental information and not a substitute for GAAP results.
Risks and Uncertainties: Forward-looking statements are subject to risks including economic and currency conditions, market demand, pricing, intellectual property protection, and competitive and technological factors. The Company explicitly states it undertakes no obligation to update these statements.
Investor Verification Checklist
- Review Exhibit 99.1 (the press release) for specific preliminary sales, EPS, and cash flow figures, as they are not listed in the 8-K text.
- Verify the specific quantitative impact of recent hurricanes on operations and revenue.
- Confirm the reconciliation between GAAP and non-GAAP financial measures presented in the press release.
- Assess the trailing three-month average orders growth excluding currency and M&A impacts.