The company said net sales for Q1 were $4,117 million, up 22%, underlying sales rose 10%, and adjusted earnings per share were $1.22 (56%) in the quarter ended December 31, 2023. GAAP earnings per share were $0.25.

1. 01

   The company said net sales for Q1 were $4,117 million, up 22%, underlying sales rose 10%, and adjusted earnings per share were $1.22 (56%) in the quarter ended December 31, 2023. GAAP earnings per share were $0.25.

2. 02

   The company said pretax earnings for Q1 fell from $422 million to $139 million, and margin went from 12.5% to 3.4%. Adjusted segment EBITA was $765 million versus $1,014 million, and margin was 22.7% versus 24.6%.

3. 03

   Emerson said operating cash flow for Q1 was $444 million, compared with $302 million (47%), and free cash flow was $367 million, compared with $243 million (51%). It said purchases of businesses, net of cash and equivalents acquired, were $8,339 million over the same 3 months.

4. 04

   The company gave its full-year 2024 guidance, with net sales growth of 14.5% to 17.0%, adjusted earnings per share of $5.30 to $5.45, operating cash flow of $3.0B to $3.1B, and free cash flow of $2.6B to $2.7B. The company said the outlook assumes about $500 million returned to shareholders through share repurchases and about $1.2 billion in dividend payments.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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