Business Context and Reporting Period
Company: Emerson Electric Co.
Filing Type: Form 8-K (Current Report)
Date of Report: August 2, 2023
Subject: Announcement of third-quarter results of operations and financial condition.
Key Financial Metrics
The filing text serves as a cover document referencing a press release (Exhibit 99.1) for detailed financial data. Consequently, specific numerical values for revenue, profit, cash flow, margins, debt, and liquidity are not provided in this text.
- Revenue/Profit/Cash Flow: Not stated in this document; refer to the attached press release.
- Non-GAAP Measures: The filing confirms the use of non-GAAP financial measures in the press release, defined under Regulation G, to be considered supplemental to GAAP information.
- Orders: The press release references trailing three-month average orders growth versus the prior year, excluding currency, acquisitions, and divestitures, but specific growth rates are not listed here.
Material Changes
The filing text does not provide specific comparative data or material changes versus the prior comparable period. It directs investors to the press release for the third-quarter results.
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:
- Completion and financial impact of the proposed National Instruments transaction.
- Scope, duration, and impacts of the COVID-19 pandemic.
- Russia-Ukraine conflict.
- Economic and currency conditions.
- Market demand, including impacts from the pandemic and oil and gas price declines/volatility.
- Pricing, intellectual property protection, cybersecurity, tariffs, competitive factors, and inflation.
Investor Verification Checklist
- Review Exhibit 99.1 (the August 2, 2023 press release) for specific third-quarter revenue, earnings, and cash flow figures.
- Verify the specific trailing three-month average orders growth rate mentioned in the press release.
- Assess the status and potential financial impact of the proposed National Instruments transaction.
- Compare the non-GAAP measures provided in the press release against the GAAP reconciliation to understand adjustments.