8-KEarnings & ResultsExhibits & Filings

EMERSON ELECTRIC CO 8-K Report, Financial Results (Feb 2, 2021)

Filed February 2, 2021For Securities:EMR

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially report Emerson Electric Co.'s first-quarter financial results by furnishing the press release that was issued on February 2, 2021.

The filing itself doesn't contain the detailed GAAP results directly. Instead, it refers investors to a press release (Exhibit 99.1) which includes both GAAP and non-GAAP financial measures. The Company emphasizes that non-GAAP measures are supplemental and should be considered alongside GAAP information.

The filing highlights significant risks and uncertainties, including the scope and duration of the COVID-19 pandemic, broader economic and currency conditions, market demand (particularly related to the pandemic and oil/gas prices), pricing pressures, cybersecurity threats, tariffs, and competitive and technological factors. These are further detailed in their SEC filings.

'Underlying orders growth' refers to the Company's trailing three-month average growth in orders compared to the prior year, specifically adjusted to exclude the impact of currency fluctuations, acquisitions, and divestitures. This provides a clearer view of organic business performance.