Business Context and Reporting Period
Company: Emerson Electric Co.
Filing Type: Form 8-K (Current Report)
Date of Report: November 1, 2011
Reporting Period: Fourth Quarter and Fiscal Year 2011
This filing serves as a notification that the Company issued a press release on November 1, 2011, detailing its financial results for the fourth quarter and the full fiscal year 2011. The specific financial data is contained within the attached press release (Exhibit 99.1) and is not explicitly detailed in the body of this Form 8-K.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained in the press release furnished as Exhibit 99.1.
Notable Non-GAAP Measures: The press release includes non-GAAP financial measures. The filing notes that these measures are supplemental and should not be considered a substitute for GAAP financial information. References to "orders" in the press release pertain to the Company's trailing three-month average GAAP underlying orders compared to the prior year.
Material Changes
The filing does not explicitly state material changes in financial condition or operations within the text of the 8-K itself. It directs readers to the press release for the comparison of current results against prior periods.
Guidance, Outlook, and Risks
Management Commentary: Management asserts that the non-GAAP measures included in the press release are useful for evaluating the Company, though they may differ from similarly titled measures used by other companies. The rationale for these measures is detailed in the Company's most recent Form 10-K.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing text. The filing includes standard disclaimers regarding the supplemental nature of non-GAAP measures.
Investor Verification Checklist
- Review Exhibit 99.1 (the November 1, 2011 Press Release) for specific revenue, earnings, and cash flow figures.
- Verify the reconciliation between GAAP and non-GAAP financial measures presented in the press release.
- Examine the "trailing three-month average GAAP underlying orders" metric referenced in the filing to understand order trends.
- Consult the most recent Form 10-K for the detailed rationale behind the non-GAAP measures used.