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.