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0 0 0 0 0.00743058271411816 -0.00273758310520142 -0.0007821666014861 -0.00175987485334369
Stock impact report

Emerson Reports Second Quarter 2020 Results and Updates Full Year 2020 Guidance

Emerson Electric Company (EMR) 
Last emerson electric company earnings: 4/21 06:55 am Check Earnings Report
US:NYSE Investor Relations: emerson.com/en-us/investors
Company Research Source: Business Wire
Net 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-19GAAP 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 2019Delivered strong operating cash flow of $588 million in the quarter, up $55 million or 10 percent, and $1.0 billion in the first half, up $156 million or 18 percentDelivered strong free cash flow of $477 million in the quarter, up $63 million or 15 percent, and $787 million in the first half, up $205 million or 35 percentReturned $1.1 billion to shareholders, including $306 million in dividends and $813 million of share repurchasesInitiated $40 million of restructu Show less Read more
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