Emerson(US:EMR) 美股IPO·2026-02-04 01:02Core Viewpoint - Emerson Electric (EMR.US) reported strong Q1 earnings, exceeding profit expectations while revenue met Wall Street forecasts [1][4]. Financial Performance - Adjusted earnings per share for the quarter were $1.46, surpassing the consensus estimate of $1.41 [1]. - Revenue reached $4.35 billion, reflecting a year-over-year growth of 4.1%, aligning with analyst expectations [1]. - Net profit increased from $585 million ($1.02 per share) in the previous year to $605 million ($1.07 per share) [3]. Operational Highlights - Core orders grew by 9% year-over-year, marking the fourth consecutive quarter of growth [4]. - Net sales increased by 4% compared to the previous year, with core sales rising by 2% [4]. - Operating cash flow decreased by 10% to $699 million, while free cash flow fell by 13% to $602 million, attributed to working capital timing and higher interest expenses [4]. Shareholder Returns and Future Outlook - Emerson Electric plans to return approximately $2.2 billion to shareholders through $1 billion in stock buybacks and $1.2 billion in dividends [4]. - The company announced a quarterly cash dividend of $0.555 per share, payable on March 10 to shareholders on record as of February 13 [4]. - For fiscal year 2026, Emerson forecasts adjusted earnings per share between $6.40 and $6.55, with net sales expected to grow by about 5.5% due to sustained demand for automation technology in North America, India, the Middle East, and Africa [4]. Company Background - Founded in 1890, Emerson Electric has evolved from being North America's first fan manufacturer to a leader in the industrial automation sector through strategic acquisitions [4]. - The company operates in seven segments, offering a wide range of automation software, power tools, valves, instruments, and switches [4]. - Recently, Emerson divested its climate technology and consumer products businesses to focus more on industrial automation, aligning with long-term trends aimed at reducing accidents and enhancing manufacturing efficiency [4]. Market Position - Emerson Electric has a market capitalization of $85.53 billion, emphasizing its commitment to innovation and efficiency in the industrial products sector [5]. - The company's price-to-earnings ratio stands at 37.65, close to a 10-year high, while its price-to-sales ratio is 4.78 and price-to-book ratio is 4.22, both near historical peaks [5].