Emerson Reports First Quarter 2021 Results, Updates 2021 Outlook
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Emerson Electric (EMR) Tops Q1 EPS by 15c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
February 2, 2021 7:06 AM ESTEmerson Electric (NYSE: EMR) reported Q1 EPS of $0.83, $0.15 better than the analyst estimate of $0.68. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $3.97 billion.
First quarter GAAP net sales of $4.2 billion were flat from the year prior; underlying sales were down 2 percent, which was ahead of management's November guidance.First quarter GAAP EPS was $0.74, up 40 percent from the year prior; adjusted EPS, which excludes restructuring and first year purchase accounting charges and fees, was $0.83, up 24 percent.Strong operating cash flow of $808 million in the quarter, up 90... More