Emerson Electric Co. reported fourth-quarter sales of $5.201 billion, up 7% on a continuing-operations basis, as its initial fiscal 2027 outlook set another year of growth and a higher dividend.
On a continuing-operations basis, fourth-quarter GAAP earnings per share rose 24% to $1.33. Adjusted earnings per share increased 15% to $1.86, while adjusted segment EBITA reached $1.511 billion and its margin widened 160 basis points to 29.1%.
On the same continuing-operations basis, sales for the fiscal year ended Sept. 30 rose 5% to $18.982 billion. GAAP earnings per share gained 20% to $4.79, and adjusted earnings per share advanced 10% to $6.59.
Emerson’s initial fiscal 2027 outlook calls for about 5% sales growth, GAAP earnings per share near $5.70 and adjusted earnings per share around $7.25. It projects operating cash flow of $4.3 billion to $4.4 billion and free cash flow of $3.8 billion to $3.9 billion. First-quarter guidance puts GAAP earnings per share at $1.19 to $1.23 and adjusted earnings per share at $1.58 to $1.62.
The company expects about $3.8 billion in fiscal 2027 shareholder returns, split between roughly $2.5 billion in share repurchases and $1.3 billion in dividends. EconoTimes previously reported the shareholder-return plan.
The quarterly payout will be $0.595 per share following a 7% increase. Emerson set Dec. 10 for payment to shareholders of record Nov. 13.
In its Nov. 4 Form 8-K, Emerson listed the results under Item 2.02 and financial statements and exhibits under Item 9.01. The filing includes the earnings release as Exhibit 99.1.
