Emerson Electric Co. Reports Fourth Quarter and Full Year 2024 Results

On November 5, 2024, Emerson Electric Co. (EMR) unveiled its financial results for the fourth quarter and fiscal year, ending September 30, 2024. The company reported a quarterly cash dividend increase to $0.5275 per share of common stock, payable on December 10, 2024, to stockholders of record as of November 15, 2024.

For the final quarter of 2024, Emerson displayed the following changes compared to the same period in 2023:
– Underlying Orders: 2%
– Net Sales: 13% increase to $4,619 million
– Underlying Sales: 4% growth
– Pre-tax Earnings: $679 million
– Adjusted Segment EBITA Margin: 26.2%
– GAAP Earnings Per Share: $0.97
– Adjusted Earnings Per Share: $1.48
– Operating Cash Flow: $1,073 million

Emerson’s President and CEO, Lal Karsanbhai, expressed gratitude to the global workforce for delivering strong results, highlighting the successful integration of Test & Measurement and the company’s commitment to operational excellence. Karsanbhai also outlined the strategic actions marking the final phase of Emerson’s portfolio transformation towards delivering advanced automation solutions as an industrial technology leader.

Looking ahead to 2025, Emerson provided an initial outlook for the fiscal year:
– Net Sales Growth: 3.5% – 5.5%
– Underlying Sales Growth: 3% – 5%
– Earnings Per Share: $4.42 – $4.62
– Adjusted Earnings Per Share: $5.85 – $6.05
– Operating Cash Flow: $3.6 billion – $3.7 billion
– Free Cash Flow: $3.2 billion -$3.3 billion
– Share Repurchase: Approximately $1.0 billion – $2.0 billion

Emerson’s segment sales and earnings were outlined as:
– Final Control: $1,167 million
– Measurement & Analytical: $1,119 million
– Discrete Automation: $643 million
– Safety & Productivity: $352 million
– Control Systems & Software: $780 million
– Test & Measurement: $360 million
– AspenTech: $215 million

The company reported growth in sales across the Americas (4%), Europe (7%), and Asia, Middle East & Africa (6%) for the period.

Further details about Emerson’s financial performance and strategic outlook can be found in the full 8-K filing and related exhibits on the company’s website.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Emerson Electric’s 8K filing here.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.