Business Context and Reporting Period
Company: Emerson Electric Co.
Filing Type: Form 8-K (Current Report)
Report Date: August 2, 2011
Subject: Announcement of Third Quarter 2011 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) containing the detailed financial data. Consequently, specific numerical values for revenue, profit, cash flow, margins, debt, and liquidity are not present in this text.
- Revenue/Profit/Cash Flow: Not provided in this text; contained in the referenced press release.
- Orders: The filing notes that references to orders in the press release utilize the Company's trailing three-month average GAAP underlying orders versus the prior year.
- Non-GAAP Measures: The filing confirms the press release contains non-GAAP financial measures, which are supplemental to GAAP information.
Material Changes
The filing text does not provide specific data points to quantify material changes versus the prior comparable period. It only indicates that the referenced press release contains the results for the third quarter of 2011.
Guidance, Outlook, and Risks
Management Commentary: Management states that non-GAAP measures are useful for evaluation but should not substitute for GAAP financial information. The filing notes that reasons for using these measures are detailed in the most recent Form 10-K.
Risks and Contingencies: No specific risks or contingencies are detailed in this 8-K text; the document focuses on the disclosure of the press release.
Investor Verification Checklist
- Review Exhibit 99.1 (the August 2, 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.
- Confirm the definition and calculation of "trailing three-month average GAAP underlying orders" referenced in the filing.
- Consult the most recent Form 10-K for the rationale behind the non-GAAP measures and historical context.