EMERSON ELECTRIC Reports Fourth Quarter Earnings Results for FY2023
November 21, 2023
🌥️Earnings Overview
EMERSON ELECTRIC ($NYSE:EMR) reported total revenue of USD 4090.0 million for the fourth quarter of FY2023, which ended on September 30, 2023; representing a 23.7% decrease from the same quarter in the previous year. Net income for the period was USD 744.0 million, a 0.5% increase from the same period the year prior.
Stock Price
On Tuesday, EMERSON ELECTRIC reported their earnings results for the fourth quarter of FY2023. The results showed that the stock opened at $83.8 and closed at $84.9, a decrease of 7.4% from the previous closing price of $91.7. This is a significant drop for the company and signals a potential decrease in market confidence. EMERSON ELECTRIC is a diversified global manufacturing and technology company that provides innovative solutions to customers in industrial, commercial, and consumer markets around the world.
Despite this drop in stock price, EMERSON ELECTRIC continues to be a strong competitor in the industry due to its strong portfolio of diverse products and services. The company continues to focus on making strategic investments and acquisitions that will further help the company reach its full potential and become a leader in the industry. It remains to be seen how this recent quarter’s results will impact the company’s future growth but it is clear that EMERSON ELECTRIC is taking the necessary steps to ensure continued success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Emerson Electric. More…
| Total Revenues | Net Income | Net Margin |
| 15.16k | 13.22k | 15.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Emerson Electric. More…
| Operations | Investing | Financing |
| 637 | 12.41k | -6.82k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Emerson Electric. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 42.75k | 16.15k | 36.29 |
Key Ratios Snapshot
Some of the financial key ratios for Emerson Electric are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.3% | -0.1% | 19.7% |
| FCF Margin | ROE | ROA |
| 1.8% | 9.1% | 4.4% |
Analysis
At GoodWhale, we have conducted an analysis of EMERSON ELECTRIC‘s wellbeing. Our Star Chart showed that the company is strong in terms of its asset, dividend, and profitability, but weak in terms of growth. Based on this information, we classified EMERSON ELECTRIC as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This makes EMERSON ELECTRIC an attractive investment option for income investors who are looking for a reliable source of dividends. Additionally, EMERSON ELECTRIC also has a high health score of 8/10 with regards to its cashflows and debt, indicating that the company is capable of paying off its debt and funding future operations. More…
Peers
The company has been in business for over 120 years and has a strong reputation in the industry. Emerson Electric Co’s main competitors are CSW Industrials Inc, Ofuna Technology Co Ltd, and Nabtesco Corp.
– CSW Industrials Inc ($NASDAQ:CSWI)
CSW Industrials Inc is a diversified industrial growth company. It operates through three segments: Construction Products Group, Specialty Chemicals Group, and Engineered Products Group. The Construction Products Group manufactures and sells adhesives, sealants, and coatings for the commercial construction, industrial maintenance, and repair industries under the brand names CSW, Tremco, Polyset, RLS, and Sealant Equipment. The Specialty Chemicals Group manufactures and sells specialty chemicals under the brand names Belclene, VCI, and Inland. The Engineered Products Group manufactures and sells engineered products and solutions under the brand names Morse, Lovejoy, and Will-Burt.
– Ofuna Technology Co Ltd ($TPEX:4577)
Funatech is a Japanese company that develops and sells video game software. As of March 2022, its market capitalization was 1.66 billion dollars, and its return on equity was 11.7%. The company was founded in 1995 and its headquarters are in Tokyo. Funatech’s products include the “FunaPaint” digital painting software and the “FunaPuzzle” puzzle game series.
– Nabtesco Corp ($TSE:6268)
Nabtesco Corporation is a Japanese manufacturer of precision machinery products. The company’s products include gears, brakes, clutches, and other components for automobiles, aircraft, construction and mining machinery, and industrial equipment. Nabtesco is also involved in the development and production of wind power generation systems. The company was founded in 1919 and is headquartered in Tokyo, Japan.
Summary
Investors in EMERSON ELECTRIC recently received mixed news regarding the company’s fourth quarter of FY2023, which ended on September 30, 2023. Total revenue decreased 23.7% compared to the same period last year, yet net income increased 0.5%. Despite these contrasting figures, the stock price moved down on the same day.
This suggests that investors may be cautious with their investments in EMERSON ELECTRIC, as the revenue decline could be an indication of a decline in long-term profitability. Thus, investors should be aware of the potential risks and make informed decisions prior to investing in the company.
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