EMR - Emerson Electric Non-GAAP EPS of $1.29 beats by $0.11 revenue of $4.79B beats by $80M

Emerson Electric press release (NYSE:EMR): Q1 Non-GAAP EPS of $1.29 beats by $0.11. Revenue of $4.79B (+8.1% Y/Y) beats by $80M. Increased 2022 Full Year Outlook to reflect continued strong demand and executio Declared quarterly cash dividend of $0.515 per share of common stock payable June 10, 2022 to stockholders of record May 13, 2022 FY22 Outlook: Net and Underlying Sales guidance is increased by 2 percent to 8 to 10 percent and 9 to 11 percent, respectively. Earnings Per Share guidance of $4.77 to $4.92 is increased to reflect the operational impact of increased sales guidance. Adjusted Earnings Per Share are increased to $4.95 to $5.10. Operating Cash Flow is now expected to be $3.6 billion due to increased inventory resulting from supply chain constraints. Capital spending was reduced to approximately $600 million. Free Cash Flow is now expected to be $3.0 billion. Free cash flow conversion is expected

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Emerson Electric Non-GAAP EPS of $1.29 beats by $0.11, revenue of $4.79B beats by $80M