Emerson Q2 Outlook: Adj. EPS $1.22 - $1.26 Vs. $1.25 Estimate, GAAP EPS $0.68 - $0.72 Vs. $0.74 Estimate, Revenue Growth 12.5% - 14.5%
Portfolio Pulse from Benzinga Newsdesk
Emerson Electric Co. (EMR) provided its Q2 and full-year 2024 financial outlook, forecasting adjusted EPS of $1.22 - $1.26 for Q2 and $5.30 - $5.45 for the full year. The company anticipates net sales growth of 12.5% - 14.5% in Q2 and 14.5% - 17.0% for the full year. Emerson also plans to return approximately $500 million to shareholders through share repurchases and pay out about $1.2 billion in dividends. The guidance includes various adjustments for amortization, restructuring costs, and other factors.
February 07, 2024 | 11:58 am
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POSITIVE IMPACT
Emerson Electric Co. (EMR) projects a positive Q2 and full-year 2024 financial performance with adjusted EPS and sales growth exceeding estimates. The company's commitment to returning value to shareholders through significant share repurchases and dividend payments highlights its financial health and investor-friendly policies.
Emerson's guidance indicates a robust financial outlook, with adjusted EPS and sales growth figures that are likely to instill confidence among investors. The substantial allocation for share repurchases and dividends further underscores the company's strong cash flow position and commitment to shareholder returns, potentially leading to a positive short-term impact on EMR's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100