Business Context and Reporting Period
Company: Emerson Electric Co.
Filing Type: Form 8-K (Current Report)
Date of Report: November 6, 2018
Subject: Announcement of Fourth Quarter 2018 results of operations and financial condition via press release (Exhibit 99.1).
Key Financial Metrics
The provided filing text serves as a cover document referencing a press release and does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The text notes that the referenced press release includes non-GAAP financial measures and defines "underlying orders" as the trailing three-month average orders growth versus the prior year, excluding currency, acquisitions, and divestitures.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. It indicates that such details are contained within the attached press release (Exhibit 99.1).
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing includes a cautionary note that statements not strictly historical are forward-looking and involve risks and uncertainties. The company undertakes no obligation to update these statements.
Identified Risks: Economic and currency conditions, market demand, pricing, protection of intellectual property, competitive and technological factors, and the impact of the Tax Cuts and Jobs Act.
Non-GAAP Measures: The press release utilizes non-GAAP measures defined under Regulation G, which management considers useful for evaluation but supplemental to GAAP information.
Investor Verification Checklist
- Review Exhibit 99.1 (the November 6, 2018 press release) for specific Q4 2018 revenue, earnings, and cash flow figures.
- Verify the reconciliation between GAAP and non-GAAP financial measures presented in the press release.
- Assess the impact of the Tax Cuts and Jobs Act on the company's financial position as detailed in the full report.
- Confirm the specific growth rate for "underlying orders" as defined in the filing.