NYSE$EMR
Emerson Electric Co · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Emerson reported Q4 2023 results with increased net sales and EPS.
Emerson reported strong Q4 2023 results, marked by a 5% increase in net sales and a significant rise in GAAP earnings per share. The acquisition of NI was completed during the quarter, contributing to the company's transformation into an automation leader. The company is confident about fiscal year 2024.
- Emerson completed an exceptional fiscal 2023 with double-digit sales growth.
- The company achieved strong operating leverage and robust adjusted earnings per share growth.
- Emerson closed the acquisition of NI, largely completing its transformation into an automation leader.
- Guidance for fiscal 2024 reflects confidence in execution, leading technology, and resilient end-markets.
Headline financials
Revenue & EPS history
Emerson · Revenue · Quarterly
$4.09B
Revenue by segment
Emerson · $3.15B total across 1 segment · Q4 2023
- Intelligent Devices$3.15B—100.0%
Forward guidance
Emerson provided its fiscal year 2024 guidance, incorporating the NI acquisition completed on October 11, 2023. The guidance assumes approximately $500 million returned to shareholders through share repurchases and approximately $1.2 billion of dividend payments.
Tailwinds
- Net Sales Growth: 14% - 17.5%
- Underlying Sales Growth: 6.5% - 8.5%
- Earnings Per Share: $3.82 - $4.02
- Adjusted Earnings Per Share: $5.15 - $5.35
- Operating Cash Flow: $3.0B - $3.1B
Headwinds
- Amortization of Intangibles: ~$0.67
- Restructuring / Related Costs: ~$0.22
- Acquisition / Divestiture Fees and Related Costs: ~$0.22
- Copeland Equity Loss: ~$0.22
- The 2024 outlook incorporates, other than as set forth below, our NI acquisition
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 Q4 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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