Emerson Electric (EMR) Tops Q4 EPS by 16c, Revenues Beat; Initiates FY21 EPS Guidance Above Consensus
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Emerson Reports Fourth Quarter and Full Year 2020 Results, Provides Initial 2021 Outlook
November 3, 2020 6:55 AM ESTFourth quarter GAAP net sales of $4.6 billion were down 8 percent; underlying sales were down 9 percent, in-line with management guidance. Full year GAAP net sales of $16.8 billion were down 9 percent; underlying sales were down 8 percent, also in-line with management guidance. Fourth quarter GAAP EPS was $1.20, up 3 percent from the year prior; adjusted EPS, which excludes restructuring and certain tax benefits, was $1.10, down 4 percent. Full year GAAP EPS was $3.24, down 13 percent from the year prior, and ahead of guidance of $2.80 to $2.95; adjusted EPS was $3.46, down 6 percent, and ahead of... More
