Emerson Electric Narrows FY2025 GAAP EPS Guidance from $4.05-$4.20 to $4.08 vs $4.25 Est

2025 Outlook

The following table summarizes the fiscal year 2025 guidance framework. Net and underlying sales guidance of ~3.5% growth reflects our updated expectations for pricing actions as the tariff expense exposure has reduced. GAAP EPS is now expected to be ~$4.08 and adjusted EPS guidance is now ~$6.00, an increase versus the previous midpoint. Expectations for operating cash flow and free cash flow increase to ~$3.6B and ~$3.2B, respectively. The 2025 outlook assumes returning ~$2.3B to shareholders through $1.1B of share repurchases and ~$1.2B of dividends, unchanged from the prior guidance.

	2025 Q4	2025
Net Sales Growth	5.5% - 6.5%	~3.5%
Underlying Sales Growth	5% - 6%	~3.5%
Earnings Per Share	$1.13 - $1.17	~$4.08
Amortization of Intangibles	~$0.34	~$1.34
Restructuring / Related Costs	~$0.10	~$0.22
Acquisition / Divestiture Fees and Related Costs	~$0.01	~$0.27
Discrete taxes related to AspenTech transaction		$0.09
Adjusted Earnings Per Share	$1.58 - $1.62	~$6.00
Operating Cash Flow		~$3.6B
Free Cash Flow		~$3.2B

1 Results are presented on a continuing operations basis.

2 Underlying orders do not include AspenTech.

3 Underlying sales excludes the impact of currency translation, and significant acquisitions and divestitures.

4 Adjusted segment EBITA represents segment earnings less restructuring and intangibles amortization expense.

5 Adjusted EPS excludes intangibles amortization expense, restructuring and related costs, acquisition/divestiture gains, losses, fees and related costs, and discrete taxes.