Summary
Emerson Electric Co. (EMR) filed an 8-K on May 19, 2010, to disclose an update to its fiscal year 2010 outlook provided during a presentation at the 2010 Electrical Products Group Conference. The company's Chairman, CEO, and President, David N. Farr, delivered the update, and relevant portions of the accompanying slide presentation were attached as an exhibit. This filing signals an important communication from management regarding the company's performance expectations for the remainder of the fiscal year. Investors should note that the presentation included non-GAAP financial measures, which are presented as supplemental information and should be considered alongside GAAP measures. The company cautions that these non-GAAP measures may not be directly comparable to those of other companies. Furthermore, statements in the presentation that are not historical are considered forward-looking and are subject to risks and uncertainties, including economic conditions, market demand, and competitive factors, as detailed in EMR's most recent 10-K filing.
Key Highlights
- 1EMR provided an updated outlook for fiscal year 2010 during a conference presentation on May 19, 2010.
- 2The update was delivered by Chairman, CEO, and President David N. Farr.
- 3Portions of the investor slide presentation containing the outlook are attached as Exhibit 99.1.
- 4The presentation slides were made available on Emerson's Investor Relations website.
- 5The filing includes non-GAAP financial measures, which are presented as supplemental and not a substitute for GAAP measures.
- 6The company reiterated that forward-looking statements are subject to risks and uncertainties, as detailed in its 10-K.