Business Context and Reporting Period
Company: Emerson Electric Co.
Filing Type: Form 8-K (Current Report)
Date of Report: August 2, 2016
Reporting Period: Third Quarter 2016
This filing serves as a notification that the Company issued a press release on August 2, 2016, announcing its third-quarter 2016 results of operations and financial condition. The detailed financial data is contained in the attached press release (Exhibit 99.1) rather than within the body of this 8-K form.
Key Financial Metrics
The provided text does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being detailed in the accompanying press release (Exhibit 99.1).
Notable Definitions:
- Orders Growth: Defined in the press release as the trailing three-month average orders growth versus the prior year, excluding currency, acquisitions, and divestitures.
- Non-GAAP Measures: The press release includes non-GAAP financial measures intended as supplemental information to GAAP results.
Material Changes
The filing text does not provide specific data on material changes versus the prior comparable period. It directs investors to the press release for the third-quarter results and notes that the Company is undertaking strategic portfolio repositioning actions.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing includes standard cautionary language regarding forward-looking statements, noting that Emerson undertakes no obligation to update them.
Identified Risks and Uncertainties:
- Ability to successfully complete strategic portfolio repositioning actions on contemplated terms.
- Financial impact of strategic portfolio repositioning.
- Economic and currency conditions.
- Market demand, pricing, and competitive factors.
- Protection of intellectual property and technological factors.
Investor Verification Checklist
- Review Exhibit 99.1 (the August 2, 2016 press release) for specific Q3 2016 revenue, earnings, and cash flow figures.
- Verify the reconciliation between GAAP and non-GAAP financial measures presented in the press release.
- Assess the progress and financial impact of the Company's strategic portfolio repositioning actions mentioned in the risk factors.
- Confirm the definition of "orders growth" used in the press release (trailing three-month average, excluding currency/acquisitions/divestitures).