Emerson Electric (EMR) Tops Q2 EPS by 7c, Offers FY Guidance
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Emerson Reports Second Quarter 2021 Results, Raises 2021 Outlook
May 5, 2021 6:55 AM EDTQ2 Net Sales of $4.4 billion up 6 percent from the year prior; Underlying Sales up 2 percent, both ahead of February guidance Q2 EPS was $0.93, up 11 percent from the year prior; Adjusted EPS, which excludes restructuring and first year purchase accounting charges, was $0.97, up 9 percent, both ahead of February guidance Operating Cash Flow of $807 million in the quarter, up 37 percent; Free Cash Flow (FCF) was $707 million, up 48 percent, resulting in FCF conversion of 125 percent Restructuring and related actions of $21 million were initiated in the quarter, continuing... More
