Summary
Emerson Electric Co. (EMR) filed an 8-K on May 4, 2022, to announce its second-quarter financial results. The press release, furnished as Exhibit 99.1, provides details on the company's performance. Investors should note that the company utilizes non-GAAP financial measures, which are presented as supplemental information and should be considered alongside their GAAP equivalents. The company emphasizes that these non-GAAP measures may differ from those of other companies and refers to its Form 10-K for a detailed explanation of their usefulness. The filing also includes forward-looking statements that highlight potential risks and uncertainties. These include the ongoing impacts of the COVID-19 pandemic, the Russia-Ukraine conflict, economic and currency conditions, market demand, oil and gas price volatility, inflation, and cybersecurity threats. Notably, the company's outlook excludes the financial impact of the proposed AspenTech transaction and the Therm-O-Disc transaction, as well as the impact of exiting its Russia business, unless otherwise specified.
Key Highlights
- 1EMR announced its second-quarter results via an 8-K filing on May 4, 2022.
- 2The filing includes a press release detailing the company's financial performance for the quarter.
- 3Emerson Electric uses non-GAAP financial measures, which are presented as supplemental to GAAP results.
- 4Investors are advised to review the Form 10-K for a comprehensive understanding of these non-GAAP measures.
- 5The company acknowledges potential risks including COVID-19, geopolitical conflicts (Russia-Ukraine), economic volatility, and inflation.
- 6Forward-looking statements highlight risks related to market demand, pricing, cybersecurity, and intellectual property.
- 7The financial outlook provided in the press release excludes the impact of the AspenTech and Therm-O-Disc transactions, and the exit from the Russia business.