Summary
Emerson Electric Co. (EMR) filed an 8-K on November 1, 2016, to report its fourth quarter and full fiscal year 2016 financial results. The report primarily refers to a press release furnished as an exhibit, which details the company's performance and includes non-GAAP financial measures to provide investors with a clearer view of operational trends and comparisons to historical performance. Investors should note that the company utilizes these adjusted measures to exclude the impact of discontinued businesses, repositioning items, and divestiture gains/losses, offering a perspective that complements the standard U.S. GAAP reporting. The press release also contains forward-looking statements, highlighting that Emerson's future performance may be affected by strategic portfolio repositioning, economic and currency conditions, market demand, and competitive factors. Investors are advised to review the company's most recent Form 10-K for a comprehensive understanding of the risks and uncertainties associated with these forward-looking statements.
Key Highlights
- 1Emerson Electric Co. reported its Q4 and full fiscal year 2016 results on November 1, 2016.
- 2The company furnished a press release (Exhibit 99.1) detailing these financial results.
- 3The press release includes non-GAAP financial measures, which management believes are useful for evaluating performance.
- 4These non-GAAP measures are presented to aid investor comparison with historical results and guidance, excluding discontinued businesses and repositioning items.
- 5The company utilizes both U.S. GAAP and non-GAAP financial measures.
- 6Forward-looking statements are included, cautioning about potential impacts from strategic portfolio repositioning, economic conditions, and market factors.
- 7Investors are directed to the company's Form 10-K for detailed risk factors affecting forward-looking statements.