Emerson Electric 8-K
PositiveEarningsGuidance raised
Software & Systems-led demand and growth in North America and Asia underpin a raised FY2026 outlook.
Filed 2026-08-04 16:05 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results with raised FY2026 outlook. Revenue grew 7% and underlying sales grew 6%, with underlying orders up 7%; management cited demand led by Software & Systems and broad-based growth in North America and Asia. Emerson declared a $0.555-per-share dividend, payable 9/10/2026.
Key Figures
| Metric | Q3 2026 | Q3 2025 | Y/Y |
|---|---|---|---|
| Net sales | $4.87B | $4.55B | 7% |
| Pretax earnings | $916M | $734M | 25% |
| Pretax margin | 18.8% | 16.1% | +270 bp |
| Earnings from continuing operations | $718M | $580M | 24% |
| Diluted EPS from continuing operations (GAAP) | $1.28 | $1.03 | 24% |
| Adjusted EPS (non-GAAP) | $1.71 | $1.52 | 13% |
| Adjusted segment EBITA (non-GAAP) | $1.39B | $1.23B | 13% |
| Adjusted segment EBITA margin (non-GAAP) | 28.5% | 27.1% | +140 bp |
| Operating cash flow | $1.43B | $1.06B | 34% |
| Free cash flow (non-GAAP) | $1.32B | $970M | 36% |
- Underlying orders increased 7% and underlying sales 6%; Software & Systems led demand, with broad-based growth in North America and Asia.
- YTD purchases of common stock were $898M vs $1.15B; average diluted shares were 561.1M vs 564.7M, down 0.6%. Cash was $2.18B at 6/30/2026.
Guidance
Emerson raised its FY2026 outlook, citing Q3 performance and healthy demand. Approximate figures:
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Net sales growth (reported) | Q4 2026 | ≈5% | — | — |
| Net sales growth (reported) | FY2026 | ≈5% | — | — |
| Underlying sales growth (non-GAAP) | Q4 2026 | ≈5% | — | — |
| Underlying sales growth (non-GAAP) | FY2026 | ≈3.5% | — | — |
| EPS (GAAP) | Q4 2026 | ≈$1.45 | — | — |
| EPS (GAAP) | FY2026 | ≈$4.89 | — | — |
| Adjusted EPS (non-GAAP) | Q4 2026 | ≈$1.85 | — | — |
| Adjusted EPS (non-GAAP) | FY2026 | ≈$6.55 | — | — |
| Operating cash flow (GAAP) | FY2026 | ≈$4.1B | — | — |
| Free cash flow (non-GAAP) | FY2026 | ≈$3.6B | — | — |
The FY2026 outlook assumes ≈$2.2B returned to shareholders through ≈$1B of share repurchases and ≈$1.2B of dividends.
Investor Takeaways
- Watch Q4 sales growth and EPS against the outlook as demand and underlying orders carry into year-end.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3