Summary
Emerson Electric Co. (EMR) announced its first quarter 2016 results via a press release filed on February 2, 2016. The filing primarily serves to furnish this press release, which contains the company's financial performance and operational updates for the quarter ending February 1, 2016. Investors should note that the press release includes non-GAAP financial measures, which are provided as supplemental information and should be reviewed alongside GAAP figures. The company also reiterates its forward-looking statements and cautionary notes regarding potential risks and uncertainties, including those related to its strategic portfolio repositioning, economic conditions, and market demand.
Key Highlights
- 1Emerson Electric Co. (EMR) released its first quarter 2016 financial results on February 2, 2016.
- 2The filing is an 8-K that primarily furnishes the company's Q1 2016 earnings press release (Exhibit 99.1).
- 3The press release details the company's financial condition and results of operations for the quarter ending February 1, 2016.
- 4The report includes non-GAAP financial measures, which are presented as supplemental to, and not a substitute for, GAAP measures.
- 5Management believes these non-GAAP measures are useful for evaluating the company's performance.
- 6The company's press release contains forward-looking statements subject to risks and uncertainties, as detailed in its SEC filings.
- 7Key risks mentioned include the impact of strategic portfolio repositioning, economic and currency conditions, and market demand.
Frequently Asked Questions
The main purpose of this 8-K filing is to furnish Emerson Electric Co.'s press release announcing its first quarter 2016 financial results. This is a standard procedure for publicly traded companies to disclose material information to investors.
The press release contains both GAAP and non-GAAP financial measures. The company explicitly states that non-GAAP measures are supplemental and should not be considered a substitute for or superior to GAAP financial information. Investors should refer to the press release and the company's filings for reconciliation and further details.
Emerson Electric highlights risks related to its strategic portfolio repositioning actions, the financial impact of these actions, general economic and currency conditions, market demand, pricing, protection of intellectual property, and competitive and technological factors. These are further detailed in their most recent Annual Report on Form 10-K and subsequent SEC filings.
The detailed financial results are contained within the press release filed as Exhibit 99.1 to this 8-K. Investors can access this exhibit through the SEC's EDGAR database or Emerson Electric's investor relations website.