$EMR · EMERSON ELECTRIC CO
Emerson reported Q4 FY2026 (ended Sept 30, 2026) results: net sales $4.855B (up 7% reported), GAAP EPS $1.33 (up 24%), adjusted EPS $1.86 (up 15%), and underlying orders up 14%. Full-year FY2026 net sales were $18.982B (up 5%), GAAP EPS $4.79, adjusted EPS $6.59, and free cash flow $3.535B. The company declared a 7% dividend increase to $0.595 per share and issued FY2027 guidance of ~5% sales growth and adjusted EPS ~$7.25.
- Q4 adjusted EPS $1.86, up 15% YoY; GAAP EPS $1.33, up 24%.
- Q4 net sales $4.855B, up 7%; underlying orders up 14%.
- FY2026 free cash flow $3.535B, up 9% YoY.
- Dividend raised 7% to $0.595 per share, payable Dec 10, 2026.
- FY2027 guidance: ~$2.5B buybacks plus ~$1.3B dividends, ~$3.8B returned.
Extended-hours last trade $162.00, down 2.59% vs the $166.31 regular close, suggesting a negative after-hours reaction despite the earnings beat and raised dividend.
A beat-and-raise quarter with 14% order growth and a 7% dividend hike, yet shares fell after hours on FY2027 guidance.
Emerson's 14% underlying order growth, driven by long-cycle projects in growth verticals, signals resilient industrial automation demand.
Guidance assumes ~5% sales growth; risks cited include tariffs, currency, inflation, and global conflicts that could pressure results.