Summary
This 8-K filing by Emerson Electric Co. (EMR) on February 2, 2021, primarily serves to furnish a press release announcing the Company's first-quarter results. The filing highlights the Company's performance for the period ending in early 2021, with a focus on key financial metrics and operational updates as presented in the accompanying press release (Exhibit 99.1). Investors should note that the press release includes non-GAAP financial measures, which the Company believes offer valuable insights supplementary to GAAP reporting. Management's rationale for these measures and potential differences from peers are detailed in their most recent 10-K filing. The filing also reiterates forward-looking statements, cautioning investors about inherent risks and uncertainties, particularly those related to the ongoing COVID-19 pandemic and its economic ramifications, along with market demand, pricing, and technological factors.
Key Highlights
- 1Emerson Electric Co. (EMR) filed an 8-K on February 2, 2021, to announce its first-quarter results.
- 2The primary content of the filing is the press release (Exhibit 99.1) detailing the Company's quarterly performance.
- 3The press release includes references to 'underlying orders growth,' defined as trailing three-month average orders growth year-over-year, excluding currency, acquisitions, and divestitures.
- 4Emerson utilizes non-GAAP financial measures in its reporting, which are presented as supplemental to GAAP measures.
- 5The Company advises that its non-GAAP measures may differ from those reported by other companies.
- 6Forward-looking statements are included, emphasizing risks such as the COVID-19 pandemic's impact, economic conditions, market demand, and currency fluctuations.
- 7Investors are referred to the Company's Form 10-K for a comprehensive understanding of risks and the rationale behind non-GAAP measures.