Earnings Releases·Nov 4, 2026, 6:53 AM ET

Emerson — Fourth Quarter and Full Year 2026 Earnings Summary

**Financial Performance:** Q4 2026 net sales rose 7% YoY to $5,201 million and full-year sales increased 5% to $18,982 million; full-year adjusted EPS grew 10% to $6.59, while pretax earnings expanded 20% to $3,489 million with improved margins across all periods.
**2027 Outlook & Guidance:** Management issued 2027 guidance projecting 5% net sales and underlying sales growth, adjusted EPS of approximately $7.25, operating cash flow of $4.3–$4.4 billion, and free cash flow of $3.8–$3.9 billion.
**Capital Return Strategy:** The company outlined a plan to return approximately $3.8 billion in 2027 via ~$2.5 billion in share repurchases and ~$1.3 billion in dividends, alongside a 7% quarterly dividend increase to $0.595 per share.
**Operational Drivers:** Strong performance was driven by exceptional long-cycle project activity and robust demand across all segments, with underlying orders increasing 14% in Q4 and 9% for the full year.