NYSE$EMR
Emerson Electric Co · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported first quarter 2023 results and updated 2023 outlook.
Emerson reported a 7% increase in net sales to $3.4 billion, with underlying sales up 6%. GAAP EPS was $0.56, and adjusted EPS was $0.78, which included a $0.09 unfavorable impact from stock compensation. The company completed $2 billion of share repurchases and updated its full-year net sales and GAAP EPS outlook.
- Net sales were $3.4 billion, up 7 percent from the year prior; underlying sales were up 6 percent.
- GAAP EPS was $0.56; adjusted EPS was $0.78, including $0.09 unfavorable impact from stock compensation.
- Completed $2 billion of share repurchase in the first quarter.
- Updated 2023 full year net sales and GAAP EPS outlook; maintained underlying sales and adjusted EPS outlook despite stock compensation headwind.
Headline financials
Revenue & EPS history
Emerson · Revenue · Quarterly
$3.37B
Revenue by segment
Emerson · $2.54B total across 1 segment · Q1 2023
- Intelligent Devices$2.54B—100.0%
Forward guidance
Emerson updated its full year net sales and GAAP EPS outlook but maintained its underlying sales and adjusted EPS outlook despite stock compensation headwinds.
Tailwinds
- Net Sales Growth: 8% - 10%
- Underlying Sales Growth: 6.5% - 8.5%
- Earnings Per Share: $3.55 - $3.70
- Adjusted Earnings Per Share: $4.00 - $4.15
- Returned $2 billion to shareholders through share repurchases completed in the first quarter and approximately $1.2 billion of dividend payments
Headwinds
- Amortization of Intangibles: ~$0.60
- Restructuring / Related Costs: ~$0.12
- Russia Exit Costs: $0.08
- AspenTech Micromine Purchase Price Hedge: ~($0.03)
- Interest on Note Receivable From Climate Technologies: ~($0.09)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.3%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+1.5%
Avg return
30 days after
40%
29 / 73 earnings
Positive
+15.5%
Q4 2024
Best reaction
-7.6%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +6.8% | +4.3% | +2.5% | |
| Q1 2026 | -1.0% | +5.2% | -9.0% | |
| Q4 2025 | -3.9% | +2.1% | +3.8% | |
| Q3 2025 | -0.8% | -0.7% | -1.0% | |
| Q2 2025 | +2.4% | +11.3% | +15.1% | |
| Q1 2025 | -2.3% | -0.7% | -7.1% | |
| Q4 2024 | +15.5% | +15.9% | +21.3% | |
| Q3 2024 | -2.9% | -4.4% | -8.9% | |
| Q2 2024 | +7.6% | +6.9% | +0.5% | |
| Q1 2024 | +8.6% | +10.6% | +16.9% | |
| Q4 2023 | -7.6% | -5.7% | -3.3% | |
| Q3 2023 | +4.6% | +6.1% | +8.0% | |
| Q2 2023 | +0.6% | +1.9% | +0.7% | |
| Q1 2023 | -6.6% | -4.7% | -9.9% | |
| Q4 2022 | -1.8% | +2.8% | +2.3% | |
| Q3 2022 | -2.8% | -0.9% | -7.1% | |
| Q2 2022 | -1.4% | -6.7% | -0.2% | |
| Q1 2022 | +4.4% | +3.5% | -1.0% | |
| Q4 2021 | -3.0% | -2.4% | -9.9% | |
| Q3 2021 | -0.1% | +0.0% | +4.2% | |
| Q2 2021 | +2.9% | +4.7% | +7.8% | |
| Q1 2021 | +3.5% | +6.5% | +9.5% | |
| Q4 2020 | +0.3% | +3.2% | +11.1% | |
| Q3 2020 | +3.1% | +5.7% | +9.5% | |
| Q2 2020 | +2.3% | +5.7% | +10.5% | |
| Q1 2020 | +4.7% | +1.6% | -10.8% | |
| Q4 2019 | +0.5% | +0.9% | +1.0% | |
| Q3 2019 | +0.2% | +0.1% | +4.0% | |
| Q2 2019 | -5.5% | -4.6% | -10.7% | |
| Q1 2019 | -0.9% | -1.3% | -0.5% | |
| Q4 2018 | -0.7% | -2.6% | -9.3% | |
| Q3 2018 | +3.4% | +3.1% | +6.4% | |
| Q2 2018 | +1.8% | +3.0% | +6.7% | |
| Q1 2018 | +0.8% | +0.9% | +2.6% | |
| Q4 2017 | -3.1% | -4.5% | +2.0% | |
| Q3 2017 | +2.3% | +2.6% | -1.0% | |
| Q2 2017 | -1.8% | -2.4% | -1.9% | |
| Q1 2017 | +4.3% | +5.7% | -1.0% | |
| Q4 2016 | -1.3% | -2.5% | +12.0% | |
| Q3 2016 | -5.1% | -3.8% | -5.8% | |
| Q2 2016 | -4.4% | — | — | |
| Q1 2016 | +1.3% | — | — | |
| Q4 2015 | +2.8% | — | — | |
| Q3 2015 | -2.8% | — | — | |
| Q2 2015 | -2.1% | — | — | |
| Q1 2015 | -2.8% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q3 2014 | -3.3% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | -0.8% | — | — | |
| Q4 2013 | +0.1% | — | — | |
| Q3 2013 | -1.1% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q4 2012 | -0.4% | — | — | |
| Q3 2012 | +2.1% | — | — | |
| Q2 2012 | -5.8% | — | — | |
| Q1 2012 | -2.5% | — | — | |
| Q4 2011 | -3.8% | — | — | |
| Q3 2011 | -6.3% | — | — | |
| Q2 2011 | -3.3% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q3 2010 | -0.6% | — | — | |
| Q2 2010 | -3.5% | — | — | |
| Q1 2009 | -3.2% | — | — | |
| Q1 2010 | +0.0% | — | — | |
| Q4 2009 | +1.4% | — | — | |
| Q2 2009 | +1.4% | — | — | |
| Q3 2009 | -3.8% | — | — | |
| Q3 2008 | -3.8% | — | — | |
| Q4 2007 | -3.8% | — | — | |
| Q4 2008 | -3.8% | — | — |
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