Emerson Electric (EMR)

Third Quarter 2019 Results (06/08/2019)

  • Net sales of $4.7 billion increased 5 percent, or 2 percent on an underlying basis
  • GAAP earnings per share were $0.97, down 13 percent versus prior year, and were $0.94, up 7 percent, excluding discrete tax benefits in both years
  • Operating cash flow was $946 million; Free cash flow was $825 million, reflecting net earnings conversion of 135 percent
  • $1.9 billion returned to shareholders year-to-date, including $1 billion of share repurchases
  • Targeting additional $250 million share repurchases in fiscal 2019
  • Maintained 2019 EPS guidance range of $3.60 to $3.70
4 Me gusta

Fourth Quarter and Full Year 2019 Results (05/11/2019)

  • Fourth quarter net sales of $5.0 billion increased 2 percent; underlying sales up 3 percent
  • Fourth quarter EPS of $1.16 and full year $3.71 included discrete tax benefits of $0.09 and $0.14, respectively
  • Fourth quarter operating cash flow of $1.2 billion, up 18 percent
  • Full year operating cash flow of $3.0 billion; Free cash flow of $2.4 billion, net earnings conversion of 105 percent
  • Returned $2.5 billion to shareholders, over 80 percent of full year operating cash flow, through dividends and share repurchases
  • Dividends as a percent of free cash flow improved by 4 points to 50 percent in 2019
  • Completed 63 consecutive years of increased dividends per share and plan to announce a 4-cent increase for 2020

2020 Outlook

  • Net sales down 3 percent to up 1 percent and underlying sales down 2 percent to up 2 percent.
1 me gusta

First Quarter 2020 Results and Full Year Guidance (04/02/2020)

  • First quarter net sales were flat and underlying sales were flat excluding unfavorable currency of 1 percent and a positive impact from acquisitions net of divestitures of 1 percent.
  • First quarter gross profit margin of 42.4 percent was approximately flat compared with the prior year.
  • Pretax margin of 10.2 percent and EBIT margin of 11.0 percent were down 4.0 and 4.3 percentage points, respectively.
  • Adjusted EBIT margin , which excludes restructuring and related charges, was 13.7 percent, down 1.8 percentage points.
  • GAAP earnings per share were $0.53 and adjusted earnings per share , which excludes $0.14 of restructuring and related charges ($110 million in total), were $0.67.
  • Operating cash flow was $424 million, up $101 million, and free cash flow was $310 million, up $142 million.

2020 Outlook

  • GAAP earnings per share guidance is $3.27 to $3.52.
  • Adjusted earnings per share, which excludes approximately $215 million of planned restructuring actions and $13 million of related costs for the year, is $3.55 to $3.80 compared to prior guidance of $3.48 to $3.72. This increase reflects the favorable impact of expected savings from the restructuring actions.
  • Our expectation for full year cash flow remains largely unchanged.
8 Me gusta

Un Dividend King siempre hay que valorarlo para tenerlo en cartera, aunque pertenezca al sector ciclico.

Y como comentan en Dividend Street, los pasos dados parece que estan evolucionando bien, y nos puede dar una estabilidad en nuestra cartera que en estos tiempos es mas necesaria que nunca.

La sigo desde hace mucho tiempo pero siempre he tenido otras acciones delante en las que he entrado, y sigue ahi, en la lista de la compra.

4 Me gusta
1 me gusta

Emerson Electric (NYSE:EMR) declares $0.505/share quarterly dividend, in line with previous.
Forward yield 2.42%

4 Me gusta

¿Spinoff de EMR en el 2022 Q2?

2 Me gusta

https://twitter.com/TCII_Blog/status/1447457165573242880

3 Me gusta

Vaya afición le están cogiendo las empresas usa a los spin off…

1 me gusta
1 me gusta

Dinamismo USA vs anquilosamiento Europa

1 me gusta

¿Como veis esta? Lleva muchos años creciendo poco pero ahora parece que va a acelerar su crecimiento. O como no es una FAANG pasamos de ella.

2 Me gusta
1 me gusta
1 me gusta
1 me gusta
1 me gusta
1 me gusta
1 me gusta