MAKX - Emerson Electrifies Q2 With Earnings Beat Tightens FY Sales Growth Outlook | Benzinga
Emerson Electric Co (NYSE:EMR) shares are trading lower after the company reported second-quarter FY24 net sales growth of 17% Y/Y to $4.38 billion, beating the consensus of $4.29 billion.
Underlying sales were up 8% Y/Y, and underlying orders declined by 1% Y/Y in the quarter.
Sales by Segments: Final Control $1.05 billion (+6% Y/Y), Measurement & Analytical $1.01 billion (+14% Y/Y), Discrete Automation $632 million (-8% Y/Y); Safety & Productivity $365 million (+1% Y/Y), Control Systems & Software $687 million (+11% Y/Y), AspenTech $278 million (+21% Y/Y), and Test & Measurement $367 million.
Adjusted Total Segment EBITA was $1.14 billion compared to $924 million in the prior year quarter, ...