Emerson Reports First Quarter 2020 Results and Updates Full Year Guidance
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Emerson Electric (EMR) Reports In-Line Q1 EPS; Revenues Beat; Raises FY20 EPS Guidance
February 4, 2020 6:57 AM ESTEmerson Electric (NYSE: EMR) reported Q1 EPS of $0.67, in-line with the analyst estimate of $0.67. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.15 billion.
Net sales of $4.2 billion were flat; underlying sales were flatGAAP EPS was $0.53; adjusted EPS of $0.67 was in-line with managements guidanceInitiated $97 million of restructuring actions in the quarter, a strong start on the previously announced Board of Directors comprehensive operational reviewDelivered operating cash flow of $424 million, up $101 million, and free cash flow of $310, up $142 millionReturned $434 million to shareholders, including $129 million of share... More