Emerson Electric (EMR) Tops Q3 EPS by 2c, Lifts FY EPS Guidance

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Go back to Emerson Electric (EMR) Tops Q3 EPS by 2c, Lifts FY EPS Guidance

Emerson Reports Strong Third Quarter 2018 Results and Raises Outlook

August 7, 2018 6:55 AM EDT

Net sales of $4.5 billion increased 10 percent, or 8 percent on an underlying basis GAAP earnings per share were $1.12, or $0.88 excluding a $0.24 tax benefit Operating cash flow from continuing operations of $924 million increased 19 percent Raising sales and EPS guidance for strong performance and one-time tax benefit Completed $250 million of share repurchases, bringing the year to date total to $1 billion Closed Tools & Test and Aventics acquisitions early in the fourth quarter

ST. LOUIS--(BUSINESS... More