Summary
Emerson Electric Co. (EMR) filed an 8-K on May 1, 2018, to report its second quarter 2018 financial results. The filing primarily includes a press release furnished as Exhibit 99.1, which details the company's performance for the quarter ending April 30, 2018. Investors should note that the press release includes non-GAAP financial measures, which are presented as supplemental information and should be considered alongside GAAP results. The company also included standard forward-looking statements, cautioning investors about potential risks and uncertainties that could impact future results.
Key Highlights
- 1Emerson Electric Co. announced its second quarter 2018 financial results on May 1, 2018, via an 8-K filing.
- 2The core of the filing is a press release (Exhibit 99.1) detailing Q2 2018 performance.
- 3The press release references "underlying orders growth," defined as a trailing three-month average excluding currency, acquisitions, and divestitures.
- 4The company utilized non-GAAP financial measures in its earnings release, which are presented as supplementary to GAAP results.
- 5Emerson provided forward-looking statements, highlighting the inherent risks and uncertainties associated with future performance.
- 6The filing includes a disclaimer that Emerson has no obligation to update forward-looking statements.
- 7Key risks mentioned in forward-looking statements include economic and currency conditions, market demand, and competitive factors.
Frequently Asked Questions
The main purpose of this 8-K filing is to report Emerson Electric Co.'s financial results for the second quarter of 2018. It includes a press release that provides the details of these results.
The press release includes both GAAP and non-GAAP financial measures. The company states that non-GAAP measures are supplemental and should be considered in addition to, not as a substitute for, GAAP results.
'Underlying orders' refers to the company's trailing three-month average orders growth compared to the prior year, with adjustments made to exclude the impact of currency fluctuations, acquisitions, and divestitures.
Investors should be aware that the press release contains forward-looking statements that involve risks and uncertainties. Emerson Electric Co. has no obligation to update these statements to reflect future developments. Factors such as economic conditions, market demand, and competitive pressures are cited as potential risks.