Summary
Emerson Electric Co. (EMR) filed an 8-K on November 7, 2023, furnishing a press release detailing its fourth quarter and full year financial results for fiscal year 2023. The filing primarily serves to disseminate these results to the public, highlighting the company's operational performance and financial condition for the period ending September 30, 2023. Investors should note that the press release includes non-GAAP financial measures, which Emerson believes provide useful insights but are supplemental to GAAP figures. The company's press release, attached as Exhibit 99.1, contains forward-looking statements that are subject to various risks and uncertainties, including geopolitical conflicts, economic conditions, and market demand. Investors are advised to consult Emerson's most recent Form 10-K and subsequent SEC filings for a comprehensive understanding of these risks. This 8-K does not contain new financial statements but rather announces the results that were previously communicated via the press release.
Key Highlights
- 1Emerson Electric announced its fourth quarter and full year fiscal year 2023 results on November 7, 2023, via a furnished press release.
- 2The press release includes both GAAP and non-GAAP financial measures, with management asserting the usefulness of non-GAAP metrics for evaluating performance.
- 3Investors are encouraged to consider the non-GAAP measures as supplemental and not a substitute for GAAP reporting.
- 4The filing references underlying orders growth, defined as trailing three-month average orders growth versus the prior year, excluding currency and M&A impacts.
- 5Forward-looking statements are included in the press release, highlighting potential risks such as global conflicts, economic conditions, and market demand.
- 6Emerson undertakes no obligation to update these forward-looking statements to reflect subsequent developments.
- 7The 8-K filing's primary purpose is to provide public access to the earnings press release and associated exhibits.