Emerson Electric (EMR) Reports In-Line Q2 EPS, Updates FY Guidance

Emerson Electric (NYSE: EMR) reported Q2 EPS of $0.84, in-line with the analyst estimate of $0.84. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.64 billion.

GUIDANCE:

Emerson Electric sees FY2019 EPS of $3.60-$3.70, versus the consensus of $3.69.

“Our end markets are healthy around the world and we have momentum heading into the second half of the year, despite some crosswinds which we had embedded in our full year outlook in November and discussed at our February investor conference. Our very focused management process enhances our ability to adapt and deliver profitability targets,” Farr said. “Given the slower first half sales growth, we are reducing the pace of investments and hiring as we continue to carefully track our end markets, and we are more quickly integrating acquisitions in both business platforms to set up a better cost structure in 2020.

“The capital spending cycle remains intact. The project funnel continues to grow even as we steadily convert long-cycle projects into backlog, which provides us improved visibility into the second half of 2019 and early 2020.”

For earnings history and earnings-related data on Emerson Electric (EMR) click here.

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