Emerson Electric Files Q1 2025 10-Q

TL;DR

EMR's Q1 2025 10-Q is in, check financials.

AI Summary

Emerson Electric Co. filed its 10-Q for the period ending December 31, 2024. The filing details financial performance and operational updates for the quarter. Key financial data and disclosures relevant to investors and stakeholders are presented.

Why It Matters

This filing provides investors with a crucial update on Emerson Electric's financial health and operational performance for the first quarter of fiscal year 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 09/30 2025 — Fiscal Year End (Indicates the company's annual reporting cycle.)
• 2024-10-01 2024-12-31 — Reporting Period (Covers the first quarter of fiscal year 2025.)
• 2023-10-01 2023-12-31 — Prior Year Period (For comparison with the current quarter's performance.)

Key Players & Entities

• EMERSON ELECTRIC CO (company) — Filer of the 10-Q
• 20241231 (date) — End of the reporting period
• 20250205 (date) — Filing date
• MO (location) — State of incorporation
• ST LOUIS (location) — City of business address

FAQ

Key Financial Figures

• $0.50 — ge on which registered Common Stock of $0.50 par value per share EMR New York Stock

Filing Documents

• emr-20241231.htm (10-Q) — 1024KB
• q1fy25exhibit31.htm (EX-31) — 16KB
• q1fy25exhibit32.htm (EX-32) — 11KB
• emr-20241231_g1.jpg (GRAPHIC) — 206KB
• 0000032604-25-000012.txt ( ) — 7482KB
• emr-20241231.xsd (EX-101.SCH) — 44KB
• emr-20241231_cal.xml (EX-101.CAL) — 79KB
• emr-20241231_def.xml (EX-101.DEF) — 296KB
• emr-20241231_lab.xml (EX-101.LAB) — 608KB
• emr-20241231_pre.xml (EX-101.PRE) — 479KB
• emr-20241231_htm.xml (XML) — 1025KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Consolidated Statements of Earnings EMERSON ELECTRIC CO. & SUBSIDIARIES Three months ended December 31, 2023 and 2024 (Dollars in millions, except per share amounts; unaudited) Three Months Ended December 31, 2023 2024 Net sales $ 4,117 4,175 Cost of sales 2,201 1,940 Selling, general and administrative expenses 1,277 1,224 Other deductions, net 451 228 Interest expense (net of interest income of $ 40 and $ 44 , respectively) 44 8 Interest income from related party ( 31 ) — Earnings from continuing operations before income taxes 175 775 Income taxes 16 182 Earnings from continuing operations 159 593 Discontinued operations, net of tax of $ 9 and $ — , respectively ( 27 ) — Net earnings 132 593 Less: Noncontrolling interests in subsidiaries ( 10 ) 8 Net earnings common stockholders $ 142 585 Earnings common stockholders: Earnings from continuing operations $ 169 585 Discontinued operations ( 27 ) — Net earnings common stockholders $ 142 585 Basic earnings per share common stockholders: Earnings from continuing operations $ 0.30 1.03 Discontinued operations ( 0.05 ) — Basic earnings per common share $ 0.25 1.03 Diluted earnings per share common stockholders: Earnings from continuing operations $ 0.29 1.02 Discontinued operations ( 0.04 ) — Diluted earnings per common share $ 0.25 1.02 Weighted average outstanding shares: Basic 570.8 568.5 Diluted 573.3 571.1 See accompanying Notes to Consolidated Financial Statements. 1 Consolidated Statements of Comprehensive Income EMERSON ELECTRIC CO. & SUBSIDIARIES Three months ended December 31, 2023 and 2024 (Dollars in millions; unaudited) Three Months Ended December 31, 2023 2024 Net earnings $ 132 593 Other comprehensive income (loss), net of tax: Foreign currency translation 174 ( 492 ) Pension and postretirement ( 12 ) 3 Cash flow hedges 3 10 Total other comprehensive income (loss) 165 ( 479 ) Comprehensive income 297 114

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements EMERSON ELECTRIC CO. & SUBSIDIARIES (Dollars and shares in millions, except per share amounts or where noted) (1) BASIS OF PRESENTATION In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary for a fair presentation of operating results for the interim periods presented. Adjustments consist of normal and recurring accruals. The consolidated financial statements are presented in accordance with the requirements of Form 10-Q and consequently do not include all disclosures required for annual financial statements presented in conformity with U.S. generally accepted accounting principles (GAAP). For further information, refer to the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended September 30, 2024. Certain prior year amounts have been reclassified to conform to the current year presentation. On June 6, 2024, the Company entered into definitive agreements to sell its 40 percent non-controlling common equity interest in Copeland to private equity funds managed by Blackstone for $ 1.5 billion and its note receivable to Copeland for $ 1.9 billion, and the transactions were subsequently completed in August 2024. As a result of these transactions, the equity method losses related to the Company's non-controlling common equity interest in Copeland, which were previously reported in Other deductions, net, have been reclassified and are now reported as discontinued operations for all periods presented, and cash flows related to U.S. tax distributions have been reclassified to operating cash flows from discontinued operations (see Notes 5 and 10). (2) REVENUE RECOGNITION Emerson is a global technology and software company that provides innovative solutions for customers in a wide range of end markets around the world. The majority of the Company's revenues relate to a broad offerin

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View this 10-Q filing on SEC EDGAR