Emerson Electric (EMR) Tops Q2 EPS by 15c, Revenue Beats, Lowers FY EPS Guidance
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Emerson Reports Second Quarter 2020 Results and Updates Full Year 2020 Guidance
April 21, 2020 6:55 AM EDTNet sales of $4.2 billion were down 9 percent; underlying sales were down 7 percent as demand declined significantly in March due to the rapid spread of COVID-19 GAAP EPS was $0.84, flat versus prior year; adjusted EPS, which excludes restructuring and related costs, was $0.89, exceeding midpoint of management guidance of $0.81, as operational declines due to COVID-19 were more than offset by non-operating tailwinds and benefits of previously announced aggressive restructuring actions, which began in the third quarter of 2019 Delivered strong operating cash flow of $588 million in the quarter, up $55 million or 10... More
