Summary
Emerson Electric Co. (EMR) filed an 8-K on May 5, 2015, to announce its second quarter 2015 financial results. The report primarily furnished a press release detailing these results, which is available as Exhibit 99.1. Investors should note that the press release includes non-GAAP financial measures, and while Emerson considers them useful for evaluation, they should be viewed as supplemental to GAAP figures. The company also reiterated its forward-looking statements policy, emphasizing that any projections involve risks and uncertainties and are subject to change based on market conditions and other factors detailed in their 10-K filings.
Key Highlights
- 1Emerson Electric Co. announced its second quarter 2015 financial results via an 8-K filing on May 5, 2015.
- 2The primary content of the filing is a press release (Exhibit 99.1) detailing the Q2 2015 results.
- 3The press release includes non-GAAP financial measures, which are provided as supplemental information.
- 4Investors are advised to consider these non-GAAP measures alongside, and not as a substitute for, GAAP financial information.
- 5The company referenced its April 24, 2015 Form 8-K for definitions and context regarding underlying orders growth.
- 6Emerson reaffirmed its commitment to updating investors on forward-looking statements, acknowledging inherent risks and uncertainties.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce Emerson Electric Co.'s financial results for the second quarter of 2015 and to furnish the accompanying press release which contains these results.
No, the press release contains non-GAAP financial measures. The company states these are useful for evaluation but should be considered supplemental to, and not a substitute for, GAAP financial information.
The press release itself, furnished as Exhibit 99.1, contains the Q2 2015 results. For detailed context on non-GAAP measures and forward-looking statements, investors should refer to Emerson's most recent Form 10-K and subsequent SEC filings.
The press release defines 'underlying orders' as the company's trailing three-month average order growth compared to the prior year, excluding the impact of currency fluctuations, acquisitions, and divestitures. Further details were provided in their Form 8-K filed on April 24, 2015.