Summary
Emerson Electric Co. (EMR) filed an 8-K on November 5, 2019, to report its fourth quarter and full year 2019 financial results, as detailed in a press release furnished as Exhibit 99.1. The filing indicates the company is providing both GAAP and non-GAAP financial measures, with a standard disclaimer that non-GAAP measures should be considered supplemental and not a substitute for GAAP information. Investors should pay close attention to the performance metrics and outlook presented in the press release, as well as any forward-looking statements and associated risks and uncertainties mentioned.
Key Highlights
- 1Emerson Electric announced its fourth quarter and full year 2019 financial results on November 5, 2019.
- 2The company furnished a press release containing these results as Exhibit 99.1 to its 8-K filing.
- 3The press release includes a discussion of underlying orders, defined as trailing three-month average orders growth excluding currency, acquisitions, and divestitures.
- 4Emerson is presenting both GAAP and non-GAAP financial measures.
- 5A cautionary note regarding non-GAAP financial measures is included, emphasizing their supplemental nature and potential differences from other companies' measures.
- 6Forward-looking statements are included, accompanied by a disclaimer that Emerson has no obligation to update them and listing potential risks and uncertainties.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report Emerson Electric's fourth quarter and full year 2019 financial results through a press release furnished as an exhibit.
Underlying orders are defined as 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.
Emerson provides non-GAAP financial measures because management believes they offer useful insights for evaluating the company's performance. However, these measures are supplemental, should not replace GAAP figures, and may differ from those presented by other companies.
Investors should be aware that statements in the press release that are not historical facts are considered forward-looking and involve risks and uncertainties. Emerson does not commit to updating these statements and points to its Form 10-K and subsequent filings for a detailed discussion of these potential risks.