8-KEarnings & ResultsExhibits & Filings

EMERSON ELECTRIC CO 8-K Report, Financial Results (Feb 8, 2023)

Filed February 8, 2023For Securities:EMR

Summary

Emerson Electric Co. (EMR) filed an 8-K on February 8, 2023, to report its first-quarter fiscal 2023 results. The filing includes a press release detailing financial performance and providing supplemental unaudited historical results for fiscal 2022 on a continuing operations basis, reflecting recent segment realignments. Investors should note that these supplemental figures are not restatements and should be reviewed alongside the company's 10-K filing. The press release also discusses non-GAAP financial measures, which Emerson utilizes to provide a more comprehensive view of its operational performance. The company emphasizes that these measures are supplemental and should not replace GAAP financials. Additionally, the filing contains forward-looking statements regarding potential transactions, including the Climate Technologies and National Instruments deals, and acknowledges the ongoing impacts of global events like the COVID-19 pandemic and the Russia-Ukraine conflict, as well as economic conditions and market demand, on future business performance.

Key Highlights

  • 1EMR announced its first-quarter fiscal 2023 results via an 8-K filing on February 8, 2023.
  • 2The filing includes a press release with quarterly results and supplemental unaudited fiscal 2022 historical data.
  • 3Supplemental fiscal 2022 data is presented on a continuing operations basis, reflecting segment realignments.
  • 4The company utilizes and discusses non-GAAP financial measures, providing additional context beyond GAAP reporting.
  • 5Forward-looking statements address potential transactions, including the Climate Technologies and National Instruments deals.
  • 6The company acknowledges the impact of global events (COVID-19, Russia-Ukraine conflict) and economic conditions on its outlook.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Emerson Electric Co.'s (EMR) first-quarter fiscal 2023 results and to provide supplemental financial information, including historical data for fiscal 2022 on a continuing operations basis, which reflects recent segment realignments.

No, the supplemental unaudited fiscal 2022 quarterly historical results are not a restatement of previously issued financial statements. They are provided for informational purposes and should be read in conjunction with the company's Form 10-K.

Yes, the filing includes forward-looking statements that mention potential transactions, specifically the proposed Climate Technologies transaction and the potential National Instruments transaction.

Emerson uses both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial measures. The press release contains non-GAAP measures, which the company believes are useful for evaluating performance, but they should be considered supplemental to GAAP measures.