Business Context and Reporting Period
Company: Emerson Electric Co.
Filing Type: Form 8-K (Current Report)
Date of Report: August 5, 2003
Reporting Period: Fiscal 2003 Third Quarter ended June 30, 2003
This filing serves to announce the company's fiscal 2003 third-quarter earnings results and includes a reference to a management presentation made on July 31, 2003, at the Banc of America Securities Electrical Equipment & Multi-Industry Conference.
Key Financial Metrics
The filing text references a press release (Exhibit 99.1) containing detailed earnings results but does not explicitly state the specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this 8-K document.
- Revenue/Profit: Specific figures are not provided in this text; the filing directs readers to the attached press release.
- Pension Contributions: The company contributed $600 million to its primary pension plan over the three years ended June 30, 2003.
- Non-GAAP Measures: The filing notes that the accompanying press release contains non-GAAP financial measures, which are supplemental to GAAP information.
Material Changes Versus Prior Period
According to CEO David N. Farr's presentation referenced in the filing:
- Sales and Earnings: June 2003 sales and earnings were reported as up compared to the same month in the prior year.
Specific percentage changes or absolute dollar differences for the quarter are not detailed in this summary text.
Guidance, Outlook, and Management Commentary
Management Commentary: CEO David N. Farr highlighted positive momentum in June 2003 sales and earnings during a July 31, 2003, conference. He also emphasized the company's commitment to its pension obligations, noting the $600 million contribution over the preceding three years.
Outlook and Risks: The filing text does not provide specific forward-looking guidance, risk factors, or contingencies beyond the general reference to the press release and the conference presentation.
Important Facts for Investor Verification
- Earnings Details: Verify the specific revenue, net income, and earnings per share figures in the August 5, 2003, press release (Exhibit 99.1) referenced in this filing.
- Non-GAAP Reconciliation: Review the press release for reconciliations between non-GAAP measures and GAAP financial results.
- Pension Status: Confirm the current status of the pension plan following the noted $600 million contribution over the last three years.
- June Performance: Validate the specific year-over-year growth rates for June 2003 sales and earnings mentioned by management.