Emerson Electric (EMR) Tops Q1 EPS by 5c; Reaffirms

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Go back to Emerson Electric (EMR) Tops Q1 EPS by 5c; Reaffirms

Emerson Reports First Quarter 2016 Results

February 2, 2016 7:00 AM EST

Net sales of $4.7 billion decreased 16 percent, with underlying sales down 9 percent Reported earnings per share decreased 29 percent to $0.53. Adjusted earnings per share of $0.56 excludes ($0.03) for separation costs related to the strategic portfolio repositioning Share repurchase of $554 million in the quarter

ST. LOUIS--(BUSINESS WIRE)-- Emerson (NYSE: EMR) today announced net sales in the first quarter ended December 31, 2015 were down 16 percent, with underlying sales down 9 percent (versus up 6 percent in the prior year) excluding unfavorable currency translation of 4 percent and an... More