What is the primary purpose of this 8-K filing?

The primary purpose is to provide supplemental unaudited historical financial information, specifically underlying sales data by quarter for fiscal year 2022, to help investors better understand Emerson's consolidated and segment results, especially in the context of recent business changes like the AspenTech acquisition.

Does this filing involve a restatement of previously issued financial statements?

No, Emerson explicitly states that the information provided in this filing does not represent a restatement of previously issued financial statements. It is supplemental data intended for enhanced understanding.

What kind of financial measures are included, and how should investors interpret them?

The filing includes non-GAAP financial measures. Emerson considers these measures useful for evaluating the company but advises investors to treat them as supplemental and not as a substitute for or superior to GAAP financial information. These measures may also differ from those presented by other companies.

Are there any forward-looking statements or material business updates in this filing?

Yes, the filing includes forward-looking statements. These statements discuss potential risks and uncertainties related to ongoing transactions, such as the proposed Climate Technologies and National Instruments transactions, as well as broader economic and market conditions, pandemic impacts, and geopolitical events.

EMR 8-K: Earnings & Results

Summary

Emerson Electric Co. (EMR) filed an 8-K on April 6, 2023, to provide supplemental unaudited historical financial results. This filing is intended to enhance investor understanding of the company's consolidated and segment performance, particularly in light of the recent AspenTech acquisition and planned divestitures. The provided information, presented in Exhibit 99.1, includes historical underlying sales for fiscal year 2022 on a quarterly basis and is designed to align with how Emerson expects to present future earnings releases. Investors should note that this information is supplemental, uses non-GAAP measures, and is not a restatement of prior financial statements. The filing also includes forward-looking statements related to ongoing transactions, such as the Climate Technologies and National Instruments deals, and highlights potential risks and uncertainties, including economic conditions, market demand, and the impacts of global events. While not deemed "filed" for liability purposes, this supplemental data offers a deeper look into segment performance and the integration of AspenTech.

Key Highlights

1Emerson is providing supplemental unaudited historical financial information to improve investor understanding of segment and consolidated results.
2The filing includes historical underlying sales data for fiscal year 2022 on a quarterly basis for new business segments.
3This supplemental data is intended to align with Emerson's expected presentation of financial results in future earnings releases.
4The report clarifies the presentation of AspenTech's financial results within Emerson's consolidated figures.
5Emerson emphasizes that the provided non-GAAP financial measures are supplemental and should be read alongside GAAP results.
6The filing contains forward-looking statements regarding the potential impact of significant transactions, including the Climate Technologies and National Instruments deals.
7Risks and uncertainties related to economic conditions, market demand, and global events are reiterated.

EMERSON ELECTRIC CO 8-K Report, Financial Results (Apr 6, 2023)

Summary

Key Highlights

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