Emerson(US:EMR) 智通财经网·2026-02-04 00:53Core Viewpoint - Emerson Electric (EMR.US) reported first-quarter earnings that exceeded expectations, with revenue meeting Wall Street forecasts [1] Financial Performance - Adjusted earnings per share for the quarter ending December 31 were $1.46, surpassing the consensus estimate of $1.41 [1] - Revenue reached $4.35 billion, reflecting a year-over-year increase of 4.1%, aligning with analyst expectations [1] - Net profit increased from $585 million ($1.02 per share) in the same period last year to $605 million ($1.07 per share) [2] - Operating cash flow decreased by 10% year-over-year to $699 million, while free cash flow fell by 13% to $602 million, attributed to working capital timing and higher interest expenses [2] Shareholder Returns - Emerson Electric updated its fiscal 2026 outlook, planning to return approximately $2.2 billion to shareholders through about $1 billion in stock buybacks and approximately $1.2 billion in dividends [2] - The company announced a quarterly cash dividend of $0.555 per share, payable on March 10 to shareholders of record as of February 13 [2] Future Outlook - For fiscal 2026, Emerson Electric forecasts adjusted earnings per share between $6.40 and $6.55, up from a previous guidance of $6.35 to $6.55 [2] - Expected net sales growth of approximately 5.5% is driven by sustained demand for automation technologies in North America, India, the Middle East, and Africa [2] Company Background - Founded in 1890, Emerson Electric has evolved from being North America's first fan manufacturer to a leader in industrial automation through strategic acquisitions [3] - The company operates in seven segments, offering a wide range of automation software, power tools, and hardware products [3] - Recently, Emerson Electric divested its climate technology and consumer goods businesses to focus more on industrial automation, aligning with long-term trends in manufacturing aimed at reducing accidents and improving efficiency [3] - The company's market capitalization stands at $85.53 billion, with a price-to-earnings ratio of 37.65, close to a 10-year high; price-to-sales ratio of 4.78 and price-to-book ratio of 4.22 are also near historical highs [3]