EMR - Emerson Electric Non-GAAP EPS of $1.05 beats by $0.04 revenue of $4.5B beats by $20M

Emerson Electric press release (NYSE:EMR): Q1 Non-GAAP EPS of $1.05 beats by $0.04. Revenue of $4.5B (+8% Y/Y) beats by $20M. FY22 Guidance: Net and Underlying Sales guidance is increased by 1 percent to 6 to 8 percent and 7 to 9 percent, respectively. Earnings Per Share guidance of $4.71 to $4.86 have been updated to reflect the operational impact of increased sales guidance and now includes the impact of estimated AspenTech transaction fees and interest expense on $3 billion of debt already issued to fund the transaction. Adjusted Earnings Per Share have been increased to $4.90 to $5.05.

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Emerson Electric Non-GAAP EPS of $1.05 beats by $0.04, revenue of $4.5B beats by $20M