Emerson Electric Gains On Q4 Earnings Beat And FY25 Growth Forecast: Eyes AspenTech Buyout

Emerson Electric Company (NYSE:EMR) shares traded higher on Tuesday after the company reported fourth-quarter FY24 results.

Net sales growth of 13% year over year to $4.62 billion, beating the consensus of $4.57 billion. Underlying sales were up 4%, and underlying orders increased by 2% in the quarter. Adjusted EPS improved 15% to $1.48, beating the consensus of $1.47.

Sales by Segments: Final Control $1.17 billion (+8%), Measurement & Analytical $1.12 billion (+7%), Discrete Automation $643 million (-3%); Safety & Productivity $352 million (-1%), Control Systems & Software $780 million (+9%), AspenTech $215 million (-13%), and Test & Measurement $360 million.

Adjusted Total Segment EBITA was $1.21 billion compared to $1.05 billion in the prior year quarter, and the margin improved by 70 bps to 26.2%.

Emerson’s operating cash flow for the quarter totaled $1.07 billion, compared to $991 million in the prior year, and free cash flow was $905 million (+10% Y/Y). Emerson held cash and equivalents of $8.05 billion as of September-end.

Dividend: Emerson declared a quarterly cash dividend per share of $0.5275 (vs. $0.525 prior quarter), payable on December 10, to stockholders of record on November 15, ...