Emerson Electric (EMR) Tops Q3 EPS by 12c, Raises Outlook
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Emerson Reports Third Quarter 2021 Results; Raises 2021 Outlook
August 4, 2021 6:55 AM EDTNet Sales were $4.7 billion up 20 percent from the year prior; Underlying Sales were up 15 percent GAAP EPS was $1.04, up 55 percent from the year prior; Adjusted EPS, which excludes restructuring and first year purchase accounting charges, was $1.09, up 36 percent Operating Cash Flow was $1.1 billion, up 31 percent; Free Cash Flow (FCF) was $977 million, up 32 percent, resulting in FCF conversion of 154 percent Restructuring and related actions of $32 million were initiated in the quarter, continuing execution of the comprehensive cost reset program to return the company to record adjusted EBIT... More
