Emerson Electric Co. — Fiscal Year 2026 Q3 Earnings Summary

Financial Performance

• Net sales for the third quarter of fiscal 2026 were $4,873 million, with no revision impact.
• Net earnings common stockholders for the third quarter were $720 million (revised from $718 million), resulting in diluted earnings per share (EPS) of $1.28.
• Adjusted diluted EPS for the third quarter was $1.71.
• For the nine months ended June 30, 2026, net sales were $13,781 million.
• Net earnings common stockholders for the nine months ended June 30, 2026, were $1,947 million (revised from $1,941 million), with diluted EPS of $3.46.
• Adjusted diluted EPS for the nine months ended June 30, 2026, was $4.72.
• Pretax earnings for the third quarter were $918 million (18.8% of sales), revised from $916 million.
• Adjusted EBITA for the third quarter was $1,305 million (26.8% of sales).
• Adjusted EBITA for the nine months ended June 30, 2026, was $3,647 million (26.5% of sales).
• Restructuring and related costs for the third quarter were $99 million; for the nine months, $164 million.
• Acquisition/divestiture fees and related costs for the third quarter were $32 million; for the nine months, $54 million.
• IEEPA tariff refunds for the third quarter were $82 million (reduction in expenses); for the nine months, $82 million.
• Amortization of intangibles for the third quarter was $253 million; for the nine months, $761 million.
• Interest expense, net for the third quarter was $85 million; for the nine months, $258 million.
• Fiscal 2025 full-year net sales were $18,016 million; fiscal 2024 was $17,492 million.
• Fiscal 2025 full-year net earnings common stockholders were $2,270 million (revised from $2,293 million); fiscal 2024 was $1,974 million.
• Fiscal 2025 full-year diluted EPS was $4.00 (revised from $4.04); fiscal 2024 was $3.44.
• Fiscal 2025 full-year adjusted diluted EPS was $6.01; fiscal 2024 was $5.35.

Guidance and Future Outlook

• No forward guidance or future outlook statements were included in the provided text.

Business Segments and Product Lines

• No segment-specific performance data, product line details, or new customer agreements were included in the provided text.

Market and Competitive Landscape

• No market trends, competition, or market share information was included in the provided text.

Risks and Challenges

• No specific risks or challenges were detailed in the provided text.

Management Commentary and Tone

• No management commentary, quotes, or tone indicators were included in the provided text.

Other Key Points

• The company adopted mark-to-market accounting for its defined benefit pension and other postretirement benefit plans, resulting in revisions to previously reported financial results.
• For the third quarter of fiscal 2026, pretax earnings were revised upward by $2 million due to the mark-to-market change.
• For the nine months ended June 30, 2026, pretax earnings were revised upward by $8 million due to the mark-to-market change.
• For the third quarter of fiscal 2025, pretax earnings were revised upward by $3 million due to the mark-to-market change.
• For the fourth quarter of fiscal 2025, pretax earnings were revised downward by $36 million due to the mark-to-market change.
• For the full year of fiscal 2025, pretax earnings were revised downward by $29 million due to the mark-to-market change.
• For the full year of fiscal 2024, pretax earnings were revised upward by $11 million due to the mark-to-market change.
• Fiscal 2024 included a $279 million loss on a Copeland note receivable and a $79 million gain on subordinated interest, which were not present in fiscal 2025.
• Fiscal 2024 included a $231 million amortization of acquisition-related inventory step-up, which was not present in fiscal 2025.
• Fiscal 2024 included a $48 million loss on divestiture of businesses, which was not present in fiscal 2025.
• Fiscal 2025 included a $34 million pension mark-to-market adjustment in the fourth quarter, which was not present in fiscal 2024.