Emerson Electric (EMR) Reports In-Line Q1 EPS; Revenues Beat; Raises FY20 EPS Guidance
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Emerson Reports First Quarter 2020 Results and Updates Full Year Guidance
February 4, 2020 6:55 AM ESTNet sales of $4.2 billion were flat; underlying sales were flat GAAP EPS was $0.53; adjusted EPS of $0.67 was in-line with managements guidance Initiated $97 million of restructuring actions in the quarter, a strong start on the previously announced Board of Directors comprehensive operational review Delivered operating cash flow of $424 million, up $101 million, and free cash flow of $310, up $142 million Returned $434 million to shareholders, including $129 million of share repurchases Reiterated full-year 2020 sales guidance; updated full-year EPS guidance for planned restructuring actions and associated benefits
ST. LOUIS--(BUSINESS WIRE)-- Emerson... More
