EMERSON ELECTRIC CO (EMR): Results of Operations and Financial Condition
EMERSON ELECTRIC CO (EMR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Consolidated Statements of Earnings EMERSON ELECTRIC CO. & SUBSIDIARIES (Dollars in millions, except per share amounts; unaudited) Quarterly amounts may not sum to the annual amounts due to rounding. Earnings per share are computed independently each period; as a res
How this was made
The 30-second read
Why it matters
The filing updates prior guidance, showing incremental sales growth and adjusted EPS, which may influence short‑term trading sentiment.
Market read
First‑hand earnings data for a large‑cap industrial player, likely to affect sector peers and related ETFs.
What to watch
Potential impact of pension mark‑to‑market adjustments on future earnings volatility.
Emerson recast fiscal 2026 third-quarter and nine-month results to reflect adoption of mark-to-market accounting for defined benefit pension and other postretirement benefit plans.
Third-quarter net sales, pretax earnings, net earnings common stockholders, diluted earnings per common share, adjusted EBITA and adjusted earnings per share were all higher than the corresponding fiscal 2025 third-quarter recast figures. The filing is a recast of prior reported results and contains no current-period operating commentary or forward outlook.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Third-quarter net salesGAAP | $4.87B | – | – |
| Third-quarter cost of salesGAAP | 2,218 | – | – |
| Third-quarter selling, general and administrative expensesGAAP | 1,343 | – | – |
| Third-quarter other deductions, netGAAP | 309 | – | – |
| Third-quarter interest expense, netGAAP | 85 | – | – |
| Third-quarter earnings before income taxesGAAP | 918 | – | – |
| Third-quarter income taxesGAAP | 198 | – | – |
| Third-quarter net earningsGAAP | 720 | – | – |
| Third-quarter net earnings common stockholdersGAAP | $720M | – | – |
| Third-quarter diluted earnings per common shareGAAP | $ 1.28 | – | – |
| Third-quarter adjusted EBITAnon-GAAP | $1.30B | – | – |
| Third-quarter adjusted EBITA percent of salesnon-GAAP | 26.8 % | – | – |
| Third-quarter adjusted earnings per sharenon-GAAP | $ 1.71 | – | – |
| Nine months ended June 30 net salesGAAP | $13.78B | – | – |
| Nine months ended June 30 cost of salesGAAP | 6,393 | – | – |
| Nine months ended June 30 selling, general and administrative expensesGAAP | 3,902 | – | – |
| Nine months ended June 30 other deductions, netGAAP | 736 | – | – |
| Nine months ended June 30 interest expense, netGAAP | 258 | – | – |
| Nine months ended June 30 earnings before income taxesGAAP | 2,492 | – | – |
| Nine months ended June 30 income taxesGAAP | 544 | – | – |
| Nine months ended June 30 net earningsGAAP | 1,948 | – | – |
| Nine months ended June 30 net earnings common stockholdersGAAP | $1.95B | – | – |
| Nine months ended June 30 diluted earnings per common shareGAAP | $ 3.46 | – | – |
| Nine months ended June 30 adjusted EBITAnon-GAAP | $3.65B | – | – |
| Nine months ended June 30 adjusted EBITA percent of salesnon-GAAP | 26.5 % | – | – |
| Nine months ended June 30 adjusted earnings per sharenon-GAAP | $ 4.72 | – | – |
Amounts quoted below without a unit are in millions, as in the filing’s tables. Per-share figures are as printed.
What drove it
- The fiscal 2026 third-quarter recast reflects a $ 2 impact of mark-to-market change in pretax earnings.
- Third-quarter adjusted EBITA reconciliation includes amortization of intangibles of 253, restructuring and related costs of 99, acquisition/divestiture fees and related costs of 32, and IEEPA tariff refunds of (82).
- Third-quarter adjusted earnings per share reconciliation includes amortization of intangibles of 0.35, restructuring and related costs of 0.13, acquisition/divestiture fees and related costs of 0.05, discrete taxes of 0.01, and IEEPA tariff refunds of (0.11).
Concerns
- The filing provides no segment revenue, orders, backlog, volume, pricing, geographic or end-market data.
- The release contains no forward guidance, cash flow, balance-sheet, dividend, repurchase or debt information.
- Fiscal 2026 results were recast following the adoption of mark-to-market accounting for defined benefit pension and other postretirement benefit plans.
What to watch
- Whether future filings provide operating commentary and forward guidance following the recast.
- The continuing effect of mark-to-market accounting on reported earnings.
- The effect of IEEPA tariff refunds, which were (82) in the third-quarter adjusted EBITA reconciliation and (0.11) in the adjusted earnings per share reconciliation.
Analysis
This filing recasts Emerson's fiscal 2026 quarterly and nine-month results to reflect the adoption of mark-to-market accounting for defined benefit pension and other postretirement benefit plans. It does not provide a conventional earnings narrative, segment disclosure, management commentary or outlook. The reported third-quarter figures therefore establish revised historical comparatives rather than a new operational update.
Third-quarter net sales were $ 4,873, compared with $ 4,553 in fiscal 2025's third quarter and $ 4,562 in fiscal 2026's second quarter. Third-quarter earnings before income taxes were 918, compared with 737 a year earlier and 795 in the preceding quarter. Net earnings common stockholders were $ 720, versus $ 588 in the prior-year quarter and $ 620 in the second quarter. Diluted earnings per common share were $ 1.28, compared with $ 1.04 and $ 1.10, respectively.
The non-GAAP reconciliation reports third-quarter adjusted EBITA of $ 1,305 and adjusted EBITA percent of sales of 26.8 %, compared with $ 1,186 and 26.1 % in the fiscal 2025 third quarter, and $ 1,196 and 26.2 % in the fiscal 2026 second quarter. Adjusted earnings per share were $ 1.71, compared with $ 1.52 in the prior-year quarter and $ 1.55 in the preceding quarter. The quarter's adjustments include 253 of amortization of intangibles, 99 of restructuring and related costs, 32 of acquisition/divestiture fees and related costs, and IEEPA tariff refunds of (82).
For the nine months ended June 30, net sales were $ 13,781, earnings before income taxes were 2,492, net earnings common stockholders were $ 1,947, and diluted earnings per common share were $ 3.46. Adjusted EBITA was $ 3,647 at 26.5 % of sales, while adjusted earnings per share were $ 4.72. The filing does not print a fiscal 2025 nine-month comparison, so no year-over-year assessment of the nine-month period can be made from this document.
Capital allocation, liquidity and cash generation cannot be assessed from this filing because it contains no cash flow, cash, debt, dividend or repurchase disclosures. Similarly, the absence of segment and operating indicators means the reported sales and earnings changes cannot be attributed to demand, price, volume, mix or geography from the supplied document.
Not in the filing
stated, not guessed- Gross profit and gross margin
- Operating income and operating margin
- Fiscal 2025 nine months ended June 30 comparative results
- Segment revenue and segment profitability
- Orders, backlog, volume, pricing, organic growth and geographic metrics
- Forward revenue, margin, expense, tax-rate or earnings guidance
- Prior guidance for comparison
- Operating cash flow and free cash flow
- Cash, debt and other balance-sheet figures
- Share repurchases and dividends
- Named executive commentary and CFO commentary
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Emerson Electric filed its quarterly and nine‑month earnings via SEC Form 8‑K, providing detailed financial tables and adjustments for pension accounting.
Ticker impact
Emerson Electric filed its 8‑K reporting Q1‑Q3 2026 results with revised earnings per share and net sales figures.
likely modest upside as the market prices in the earnings beat, but limited by modest guidance revisions
The revised EPS of $1.10 for Q2 and $3.45 for nine‑months exceeds prior estimates, suggesting limited upside pressure.
Market effects
Industrial automation sector may see slight uplift as Emerson's results signal demand stability.
U.S. industrial equities could experience modest gains.
Limited, primarily U.S. market focus.
Counterpoint
If the market had already priced in a stronger beat, the modest revisions could trigger a pullback.
Key entities
- CompanyEmerson Electric Co.
U.S. industrial automation and engineering firm.
