What is the primary purpose of this 8-K filing?

This 8-K filing serves two main purposes: to announce Emerson Electric's third-quarter 2013 financial results and to report on the significant event of selling a controlling interest in its embedded computing and power business.

How much cash will Emerson receive from the sale of its embedded computing and power business?

Emerson Electric is expected to receive approximately $300 million in net cash proceeds from the sale of a 51 percent controlling interest in its embedded computing and power business.

What is Emerson's ongoing involvement with the divested business?

Emerson Electric will retain a 49 percent noncontrolling interest in the embedded computing and power business, which will now operate as an independent company.

What should investors be aware of regarding Emerson's financial reporting in this filing?

Investors should be aware that the press release attached to this 8-K contains non-GAAP financial measures. The company considers these measures useful for evaluation but states they are supplemental and should not replace GAAP measures. Investors are advised to refer to Emerson's most recent 10-K for a detailed explanation of these measures.

EMR 8-K: Earnings & Results

Summary

Emerson Electric Co. (EMR) filed an 8-K on August 6, 2013, reporting on its third-quarter 2013 financial results and a significant business divestiture. The company announced the sale of a 51 percent controlling interest in its embedded computing and power business to Platinum Equity Advisors, LLC. This transaction is expected to yield approximately $300 million in net cash proceeds for Emerson, while the company will retain a 49 percent noncontrolling stake in the divested unit, which will operate as a standalone entity. This strategic move signals a focus on optimizing its business portfolio and potentially enhancing shareholder value through capital allocation. The accompanying press release details the company's third-quarter 2013 performance, including key operational metrics and financial outcomes. While specific Q3 results are referenced as being in an attached press release (Exhibit 99.1), the filing emphasizes the use of non-GAAP financial measures for evaluation, urging investors to consider these supplemental to GAAP reporting. The company also provided forward-looking statements, cautioning about potential risks and uncertainties that could impact future performance, including economic conditions and the completion of the divestiture.

Key Highlights

1Emerson Electric sold a 51% controlling interest in its embedded computing and power business to Platinum Equity Advisors, LLC.
2The divestiture is expected to generate approximately $300 million in net cash proceeds for Emerson.
3Emerson will retain a 49% noncontrolling interest in the divested business, which will operate independently.
4The 8-K filing includes a press release announcing Q3 2013 results, with detailed financial information expected within Exhibit 99.1.
5The company utilizes and discusses non-GAAP financial measures in its reporting, advising investors to use them as supplemental information.
6Forward-looking statements were included, highlighting potential risks and uncertainties affecting future operations and the transaction itself.

EMERSON ELECTRIC CO 8-K Report, Financial Results (Aug 6, 2013)

Summary

Key Highlights

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