Emerson Electric (EMR) Reports Strong Q2 2024 Earnings with 17% Increase in Net Sales

Wednesday, 8 May 2024, 13:28
Emerson Electric Co. (NYSE: EMR) posted impressive Q2 2024 financial results, including a 17% year-over-year growth in net sales to $4.38 billion. The company reported Q2 adjusted profit of $1.36 per share, up 25% from the prior-year quarter. Emerson Electric projects further growth in net sales of 11% to 12.5% for Q3 2024 and a full-year profit range of $2.98 to $3.08 per share, with adjusted EPS guidance at $5.40-$5.50.
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Emerson Electric (EMR) Reports Strong Q2 2024 Earnings with 17% Increase in Net Sales

Company Performance

Software company Emerson Electric Co. (NYSE: EMR) reported higher net sales and adjusted earnings, with Q2 net sales growing by 17% to $4.38 billion from last year.

Earnings Overview

  • Second-quarter underlying sales up 8%
  • Adjusted profit increased to $1.36 per share, a 25% rise from the prior-year quarter
  • Full-year projected net sales growth of 15%-16%
  • Adjusted EPS guidance set at $5.40-$5.50 for fiscal 2024

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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