Current Report Filing (8-k)
February 08 2023 - 06:55AM
Edgar (US Regulatory)
0000032604falseCommon Stock of $0.50 par
value per
shareEMRCHX00000326042023-02-082023-02-080000032604emr:CommonStockof0.50parvaluepershareMemberexch:XNYS2023-02-082023-02-080000032604emr:A0.375Notesdue2024Memberexch:XNYS2023-02-082023-02-080000032604emr:A1.250Notesdue2025Memberexch:XNYS2023-02-082023-02-080000032604emr:A2.000Notesdue2029Memberexch:XNYS2023-02-082023-02-080000032604emr:CommonStockof0.50parvaluepershareMemberexch:XCHI2023-02-082023-02-08
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): February 8, 2023
Emerson Electric Co.
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(Exact Name of Registrant as Specified in Charter)
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Missouri |
1-278 |
43-0259330 |
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(State or Other Jurisdiction of Incorporation) |
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(Commission |
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(I.R.S. Employer Identification Number) |
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File Number) |
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8000 West Florissant Avenue |
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St. Louis, |
Missouri |
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63136 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s telephone number, including area code:
(314) 553-2000
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Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐ Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the
Act:
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Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Stock of $0.50 par value per share |
EMR |
New York Stock Exchange |
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NYSE Chicago |
0.375% Notes due 2024 |
EMR 24 |
New York Stock Exchange |
1.250% Notes due 2025 |
EMR 25A |
New York Stock Exchange |
2.000% Notes due 2029 |
EMR 29 |
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
☐
Emerging growth company
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act.
☐
Item 2.02 Results of Operations and Financial
Condition
Quarterly Results Press Release
On Wednesday, February 8, 2023, a press release was issued
regarding the first quarter results of Emerson Electric Co. (the
“Company”). In the press release, the Company has also provided
supplemental unaudited fiscal 2022 quarterly historical results on
a continuing operations basis which reflect the previously
announced realignment of the Company’s segments. Such supplemental
information does not represent a restatement of previously issued
financial statements and should be read in conjunction with the
Company’s Annual Report on Form 10-K. A copy of this press release
is furnished with this Current Report on Form 8-K as Exhibit
99.1.
References to underlying orders in the press release refer to the
Company's trailing three-month average orders growth versus the
prior year, excluding currency, acquisitions and
divestitures.
Non-GAAP Financial Measures
The press release contains non-GAAP financial measures as such term
is defined in Regulation G under the rules of the Securities and
Exchange Commission. While the Company believes these non-GAAP
financial measures are useful in evaluating the Company, this
information should be considered as supplemental in nature and not
as a substitute for or superior to the related financial
information prepared in accordance with GAAP. Further, these
non-GAAP financial measures may differ from similarly titled
measures presented by other companies. The reasons management
believes that these non-GAAP financial measures provide useful
information are set forth in the Company’s most recent Form 10-K
filed with the Securities and Exchange Commission and in the press
release furnished with this Form 8-K.
Forward-Looking and Cautionary Statements
Statements in the press release that are not strictly historical
may be “forward-looking” statements, which involve risks and
uncertainties, and Emerson undertakes no obligation to update any
such statements to reflect later developments. These risks and
uncertainties include the Company's ability to successfully
complete on the terms and conditions contemplated, and the
financial impact of, the proposed Climate Technologies transaction,
the potential National Instruments transaction, the scope, duration
and ultimate impacts of the COVID-19 pandemic and the
Russia-Ukraine conflict, as well as the economic and currency
conditions, market demand, including related to the pandemic and
oil and gas price declines and volatility, pricing, protection of
intellectual property, cybersecurity, tariffs, competitive and
technological factors, inflation, among others, as set forth in the
Company's most recent Annual Report on Form 10-K and subsequent
reports filed with the SEC. The outlook contained herein represents
the Company's expectations for its consolidated results, other than
as noted herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
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Exhibit Number |
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Description of Exhibits |
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99.1 |
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104 |
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Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL document. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly
authorized.
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EMERSON ELECTRIC CO.
(Registrant) |
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Date: |
February 8, 2023 |
By: |
/s/ John A. Sperino |
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John A. Sperino
Vice President and
Assistant Secretary
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