EMR - Emerson's Q4 profit slips as supply chain challenges bite

Emerson (NYSE:EMR) -0.3% pre-market after reporting mixed Q4 results, as adjusted EPS beats expectations but revenues come up a bit short, as it copes with "supply chain challenges which have created obstacles across the essential industries we serve." Q4 net earnings fell 7% to $670M from $723M in the year-earlier quarter; underlying sales rose 7% vs. a 9% decline a year ago. The company says revenue fell into the lower end of guidance due to an estimated $175M impact from supply chain, logistics and labor constraints. Q4 adjusted EBIT margin fell 30 bps to 19%, hurt by price-cost headwinds in the Commercial & Residential Solutions segment and lower volume due to supply chain constraints across the enterprise. Q4 operating cash flow increased 16% to $3.6B, in line with company guidance. September trailing three-month underlying orders increased 16%, as demand remains strong in key hybrid and discrete automation as well as

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Emerson's Q4 profit slips as supply chain challenges bite