Emerson Reports Fourth Quarter and Full Year 2020 Results, Provides Initial 2021 Outlook
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Emerson Electric (EMR) Tops Q4 EPS by 16c, Revenues Beat; Initiates FY21 EPS Guidance Above Consensus
November 3, 2020 6:57 AM ESTEmerson Electric (NYSE: EMR) reported Q4 EPS of $1.10, $0.16 better than the analyst estimate of $0.94. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.46 billion.
Fourth quarter GAAP net sales of $4.6 billion were down 8 percent; underlying sales were down 9 percent, in-line with management guidance. Full year GAAP net sales of $16.8 billion were down 9 percent; underlying sales were down 8 percent, also in-line with management guidance.Fourth quarter GAAP EPS was $1.20, up 3 percent from the year prior; adjusted EPS, which excludes restructuring and certain tax benefits, was $1.10, down 4... More