Emerson Electric raised its full-year guidance, now targeting 5% GAAP sales growth and adjusted earnings per share of approximately $6.55. The company also expects free cash flow of approximately $3.6 billion and maintained its adjusted segment EBITDA margin outlook at 28%. Underlying orders grew 7% in the third quarter, with adjusted earnings per share rising 13% to $1.71, exceeding the top of guidance. Growth verticals were up 27%, led by semiconductor and power, while Software & Systems underlying sales increased 11%. Emerson plans to return approximately $2.2 billion to shareholders through $1.2 billion in dividends and $1 billion in share repurchases.
Emerson Electric CompanyRaises full-year guidance, beats EPS estimates, and announces shareholder returns.
