8-KEarnings & ResultsExhibits & Filings

EMERSON ELECTRIC CO 8-K Report, Financial Results (Feb 6, 2018)

Filed February 6, 2018For Securities:EMR

Summary

This 8-K filing from Emerson Electric Co. (EMR) on February 6, 2018, primarily reports on the company's first quarter 2018 financial results. The key takeaway for investors is the release of this quarterly performance information, which provides insights into the company's operational and financial condition during the period. The filing includes a press release detailing these results, as well as important cautionary statements regarding forward-looking information and the potential impacts of the Tax Cuts and Jobs Act. Investors should pay close attention to the disclosed quarterly results and any accompanying management commentary provided in the press release. The inclusion of non-GAAP financial measures means investors should review these alongside GAAP figures for a comprehensive understanding. The company also highlights potential uncertainties related to the new tax legislation, which could affect future financial reporting and performance.

Key Highlights

  • 1Emerson Electric Co. (EMR) filed an 8-K on February 6, 2018, to report its first quarter 2018 financial results.
  • 2The filing includes a press release (Exhibit 99.1) detailing the company's operational and financial performance for Q1 2018.
  • 3The press release references 'underlying orders growth,' defined as trailing three-month average orders growth excluding currency, acquisitions, and divestitures.
  • 4The company utilizes and discloses non-GAAP financial measures, which are presented as supplemental information to GAAP results.
  • 5Investors are cautioned that these non-GAAP measures may differ from those of other companies and should be used in conjunction with GAAP data.
  • 6Forward-looking statements are included, and the company disclaims any obligation to update them based on later developments.
  • 7The filing acknowledges potential material differences in the ultimate impact of the Tax Cuts and Jobs Act due to ongoing evaluation and regulatory guidance.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce and furnish the press release detailing Emerson Electric Co.'s financial results for the first quarter of 2018.

'Underlying orders growth' refers to the company's trailing three-month average orders growth compared to the prior year, adjusted to exclude the impact of currency fluctuations, acquisitions, and divestitures.

Investors should view non-GAAP financial measures as supplementary information to the company's GAAP-based financial results. While considered useful by management, they may differ from similar measures used by other companies and should not be used as a substitute for GAAP data. Investors should refer to the company's most recent Form 10-K for detailed explanations.

The filing notes that the ultimate effects of the Tax Cuts and Jobs Act on repatriation costs and other tax items may differ materially from provisional amounts. This is due to potential new regulatory guidance, further evaluation of the company's actions, assumptions, and interpretations.