Categories Earnings, Technology
Earnings Summary: Emerson Electric (EMR) reports Q4 2023 financial results
Software company Emerson Electric Co. (NYSE: EMR) reported financial results for the fourth quarter of 2023. The company also declared a quarterly cash dividend of $0.525 per share.
- Fourth-quarter net sales increased 5% annually to $4.09 billion from $3.89 billion last year; underlying sales were up 5%
- Earnings, on a reported basis, jumped 49% from last year to $1.22 per share in the September quarter
- Adjusted profit was $1.29 per share, which is up 21% from $1.07 per share reported in the prior-year quarter
- The company said it expects net sales to grow between 13% and 15.5% in the whole of fiscal 2024
- Full-year profit, including special items, is expected to be in the range of $3.82 per share to $4.02 per share
- The guidance for 2024 adjusted earnings per share is $5.15-$5.35
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
KinderCare Learning Companies to offer 24 Mln shares for $23-27 in US IPO
In 2024, the IPO market shifted to recovery mode, with a significant increase in activity compared to last year when it witnessed a slowdown. Encouraged by the booming stock market
Constellation Brands’ (STZ) beer business remains resilient in a tough environment
Shares of Constellation Brands, Inc. (NYSE: STZ) gained 1% on Friday. The stock has dropped 4% over the past three months. The beverages giant delivered better-than-expected earnings results for the
What to look for when Charles Schwab (SCHW) reports Q3 2024 results
Financial services company The Charles Schwab Corporation (NYSE: SCHW) is preparing to report third-quarter results on October 14, with experts predicting a mixed outcome. As part of its long-term succession
