Emerson Electric Raises Fiscal Year Sales and Profit Outlook

By Will Feuer

Emerson Electric raised its full-year sales and adjusted earnings outlook after posting results for the fiscal second quarter topped Wall Street's expectations.

The St. Louis-based manufacturer said it now expects full-year sales to rise between 9% and 10.5% on underlying sales growth of 8.5% to 10%. In February, the company forecast sales to increase 8% to 10% on underlying sales growth of 6.5% to 8.5%.

The company narrowed its full-year earnings from continuing operations guidance to a range of $3.58 a share to $3.68 a share, compared with prior guidance for $3.55 a share to $3.70 a share.

Adjusted earnings for the year are expected to be $4.15 a share to $4.25 a share, up from $4 a share to $4.15 a share.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

May 03, 2023 07:37 ET (11:37 GMT)

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