For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Emerson Electric (EMR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Emerson Electric is one of 227 individual stocks in the I ...

Financial Performance - Emerson Electric Co reported Q1 fiscal 2024 adjusted earnings of $1 22 per share beating the Zacks Consensus Estimate of $1 04 and showing a 56 4% increase from the year-ago quarter [1] - Net sales for Q1 fiscal 2024 were $4 1 billion surpassing the consensus estimate of $3 9 billion and marking a 22 1% year-over-year increase with underlying sales up 10% [1] Segmental Performance - The Intelligent Devices segment reported net sales of $2 8 billion an 11% year-over-year increase with Final Control revenues at $940 million Measurement & Analytical at $947 million Discrete Automation at $613 million and Safety & Productivity at $322 million [2] - The Software and Control Automation Solutions segment generated net sales of $1 31 billion a 3% year-over-year increase with Control Systems & Software revenues at $675 million AspenTech at $257 million and Test & Measurement at $382 million [3] Margins and Expenses - Cost of sales increased 25 6% year over year to $2 2 billion while the pre-tax earnings margin was 3 4% compared to 12 5% in the year-ago quarter Adjusted EBITA margin improved to 23 4% from 19 7% [4] - Selling general and administrative expenses rose 24% to $1 3 billion [4] Balance Sheet and Cash Flow - Cash and cash equivalents stood at $2 1 billion at the end of Q1 fiscal 2024 down from $8 1 billion at the end of fiscal 2023 Long-term debt was $7 63 billion [5] - Net cash from operating activities was $415 million a 0 7% decrease from the year-ago period Capital expenditure increased to $77 million from $59 million [5] - The company paid dividends of $300 million and repurchased common stocks worth $175 million [5] Outlook - For Q2 fiscal 2024 Emerson anticipates net sales growth of 12 5-14 5% and underlying sales growth of 3 5-5 5% with earnings per share expected to be 68-72 cents and adjusted earnings per share of $1 22-$1 26 [6][7] - For fiscal 2024 the company raised its net sales growth outlook to 14 5-17% and underlying sales growth to 4 5-6 5% Adjusted earnings per share are estimated at $5 30-$5 45 with operating cash flow expected to be $3 0-$3 1 billion and free cash flow at $2 6-$2 7 billion [8] Industry Performance - Tetra Tech Inc reported Q1 fiscal 2024 adjusted earnings of $1 40 per share surpassing the Zacks Consensus Estimate of $1 35 with adjusted revenues of $1 2 billion a 37 3% year-over-year increase [9] - A O Smith Corporation reported Q4 2023 adjusted earnings of 97 cents per share beating the Zacks Consensus Estimate of 96 cents with net sales of $988 1 million a 5 6% year-over-year increase [10] - Illinois Tool Works Inc reported Q4 2023 adjusted earnings of $2 42 per share surpassing the Zacks Consensus Estimate of $2 40 with revenues of $3 98 billion a 0 3% year-over-year increase [10]

For the quarter ended December 2023, Emerson Electric (EMR) reported revenue of $4.12 billion, up 22.1% over the same period last year. EPS came in at $1.22, compared to $0.78 in the year-ago quarter.The reported revenue represents a surprise of +5.77% over the Zacks Consensus Estimate of $3.89 billion. With the consensus EPS estimate being $1.04, the EPS surprise was +17.31%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Emerson Electric (EMR) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 17.31%. A quarter ago, it was expected that this maker of process controls systems, valves and analytical instruments would post earnings of $1.30 per share when it actually produced earnings of $1.29, delivering ...

Good morning, and welcome to the Emerson First Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key, followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. To withdraw a question, please press star, then two. Please note this event is being recorded. I would now like to turn ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to __________________ Commission file number 1-278 EMERSON ELECTRIC CO. (Exact name of registrant as specified in its char ...

Emerson Electric Co. (EMR) is likely to witness top and bottom-line growth when it reports first-quarter fiscal 2024 (ended Dec 31, 2023) results on Feb 7, before market open. The Zacks Consensus Estimate for revenues is pegged at $3.9 billion, indicating growth of 15.4% from the prior-year quarter’s reported figure.The consensus mark for earnings is pinned at $1.04 per share, which has remained stable in the past 60 days. The figure indicates a jump of 33.3% from that reported in the prior-year quarter. Th ...

NurPhoto/NurPhoto via Getty ImagesIntroduction The industrial sector, particularly automation and process control, garners significant attention in today's market. Investors and industry analysts closely monitor this sector for its resilience and innovation in an era of technological advancement and changing market dynamics. Automation, a critical component of modern industry, enhances efficiency and productivity across various sectors. Companies that excel in this domain contribute to industrial evolut ...

Emerson Electric (EMR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 7, 2024, might help the stock move higher if these key numbers are better ...

In the latest market close, Emerson Electric (EMR) reached $94.75, with a -0.27% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.Heading into today, shares of the maker of process controls systems, valves and analytical instruments had lost 2.38% over the past month, lagging the Industrial Products sector's gain of 0.15% and the S&P 500's gain of 3.36% in that time.The investm ...