Business Context and Reporting Period
Company: Emerson Electric Co.
Filing Type: Form 8-K (Current Report)
Date of Report: November 2, 2010
Subject: Announcement of fourth quarter and fiscal 2010 results of operations and financial condition.
Key Financial Metrics
The filing text serves as a notification of a press release (Exhibit 99.1) containing the detailed financial results. The 8-K text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It notes that the referenced press release contains non-GAAP financial measures which are supplemental to GAAP information.
Material Changes
The filing references a comparison of the Company's trailing three-month average GAAP underlying orders versus the prior year, as reported in a previous Form 8-K filed on October 28, 2010. Specific quantitative changes for the quarter or fiscal year are not detailed in this document.
Guidance, Outlook, and Risks
- Non-GAAP Measures: The filing explicitly states that the accompanying press release includes non-GAAP financial measures. Management considers these useful for evaluation but warns they are not a substitute for GAAP financial information and may differ from measures used by other companies.
- Management Commentary: The filing directs investors to the press release for the full results and to the most recent Form 10-K for the rationale behind the non-GAAP measures.
- Risks and Contingencies: No specific risks or contingencies are detailed in the text of this 8-K filing.
Investor Verification Checklist
- Review Exhibit 99.1 (the November 2, 2010 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.
- Compare the reported trailing three-month average GAAP underlying orders against the prior year data referenced in the October 28, 2010 filing.
- Consult the most recent Form 10-K for detailed explanations of non-GAAP measure methodologies.