Summary
Emerson Electric Co. (EMR) filed an 8-K on August 4, 2020, to report its third-quarter results for the period ending around August 3, 2020. The report primarily furnished a press release detailing these results, which included both GAAP and non-GAAP financial measures. Investors should note that while the company believes its non-GAAP measures offer valuable insights, they are supplemental and should not replace GAAP figures. The company also reiterated its forward-looking statements, emphasizing that results are subject to risks and uncertainties, particularly those related to the ongoing COVID-19 pandemic and its impact on various market conditions.
Key Highlights
- 1Emerson Electric announced its third-quarter financial results on August 4, 2020.
- 2The 8-K filing includes a press release (Exhibit 99.1) with detailed quarterly performance information.
- 3The company utilizes both GAAP and non-GAAP financial measures in its reporting.
- 4Non-GAAP measures are presented as supplemental and not a substitute for GAAP.
- 5Emerson cautioned investors about risks and uncertainties, including the impact of the COVID-19 pandemic.
- 6Specific risks mentioned include economic and currency conditions, market demand, oil and gas price volatility, and competitive factors.
Frequently Asked Questions
The main purpose of this 8-K filing is to officially report Emerson Electric's third-quarter financial results for the period ending around August 3, 2020, by furnishing a press release that contains these details.
Non-GAAP financial measures are metrics that are not prepared in accordance with Generally Accepted Accounting Principles (GAAP). Emerson uses these measures because it believes they provide additional useful insights into the company's performance and operational trends, supplementing the standard GAAP reporting. However, they should be considered alongside GAAP results.
The filing highlights that Emerson's future performance is subject to various risks and uncertainties. These include the ongoing COVID-19 pandemic and its impact on global economic conditions, currency fluctuations, market demand (especially in sectors like oil and gas), pricing pressures, cybersecurity threats, and general competitive and technological factors. Investors are advised to refer to Emerson's Form 10-K for a comprehensive list.