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ST. LOUIS - Emerson Electric Co. (NYSE:EMR) reported better-than-expected second quarter results and raised its full-year earnings guidance on Wednesday.
The company’s shares were up 3% in premarket trading following the release.
The industrial technology company posted adjusted earnings per share of $1.48 for the quarter ended March 31, beating analyst estimates of $1.41. Revenue rose 1% year-over-year to $4.43 billion, also topping expectations of $4.39 billion.
Emerson’s underlying sales, which exclude currency impacts and acquisitions/divestitures, grew 2% in the quarter. The company saw strength in its Software (ETR:SOWGn) and Control segment, where underlying sales jumped 7%.
"Emerson delivered strong underlying orders in the second quarter with margin expansion and adjusted earnings exceeding our expectations," said CEO Lal Karsanbhai.
For the full fiscal year 2025, Emerson now expects adjusted EPS of $5.90 to $6.05, up from its previous outlook of $5.85 to $6.00. The company maintained its forecast for underlying sales growth of around 4%.
The raised guidance comes as Emerson continues to benefit from strong demand across its automation and software businesses. The company completed its acquisition of AspenTech in March, further bolstering its software capabilities.
The stock has gained about 8% year-to-date.
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