Summary
Emerson Electric Co. (EMR) announced its first quarter results on February 2, 2022, reporting on financial performance and providing an outlook. The company has furnished a press release detailing these results as an exhibit to its Form 8-K filing. Investors should note that the press release includes non-GAAP financial measures, which the company believes offer valuable insights into its performance but should be considered supplementary to GAAP-based information. These non-GAAP measures may not be comparable to those of other companies.
Key Highlights
- 1Emerson Electric Co. filed an 8-K on February 2, 2022, to report on its first quarter results.
- 2The filing includes a press release (Exhibit 99.1) detailing the company's financial performance for the quarter ending February 2, 2022.
- 3The company utilizes non-GAAP financial measures in its reporting, which are presented as supplemental to GAAP results.
- 4Investors are cautioned that these non-GAAP measures may differ from those reported by other companies.
- 5Forward-looking statements are included, addressing potential risks and uncertainties, including the ongoing COVID-19 pandemic and economic conditions.
- 6The company's outlook excludes the impact of the proposed AspenTech transaction, except where specifically noted.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce and provide details on Emerson Electric Co.'s (EMR) first quarter financial results for fiscal year 2022. It formally submits the press release containing this information to the SEC.
The press release includes both GAAP and non-GAAP financial measures. The company considers its non-GAAP measures useful for evaluation but advises that they are supplemental and should not replace GAAP information. Investors should also be aware that these non-GAAP measures might not be consistent with those of other companies.
Emerson highlights several risks and uncertainties, including the successful completion and financial impact of the proposed AspenTech transaction, the ongoing effects of the COVID-19 pandemic, general economic and currency conditions, market demand, oil and gas price volatility, pricing pressures, intellectual property protection, cybersecurity threats, tariffs, and competitive and technological factors.
Emerson's reported outlook generally excludes the AspenTech transaction, except in specific instances where its impact is noted. Investors should refer to the press release for precise details on how the transaction is factored into the forward-looking statements.