Emerson Electric Co: Form 10-Q for the period ended Dec 31, 2023
Filed with the SEC on Feb 7, 2024 and accepted by EDGAR at Feb 7, 2024, 21:05 ET.
Management's discussion and analysis
As filed, 698 characters, with its headings, lists and tables. Extracted from the main document; charts and exhibits are in the original on sec.gov.
(c) Issuer Purchases of Equity Securities (shares in 000s).
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs |
|---|---|---|---|---|
| October 2023 | 1,869 | $93.63 | 1,869 | 31,415 |
| November 2023 | — | $0.00 | — | 31,415 |
| December 2023 | — | $0.00 | — | 31,415 |
| Total | 1,869 | $93.63 | 1,869 | 31,415 |
In March 2020, the Board of Directors authorized the purchase of 60 million shares and a total of approximately 31.4 shares remain available for purchase under the authorization.
Controls and procedures
As filed, 1,196 characters, with its headings, lists and tables. Extracted from the main document; charts and exhibits are in the original on sec.gov.
The Company maintains a system of disclosure controls and procedures designed to ensure that information required to be disclosed in its reports under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported in a timely manner. This system also is designed to ensure information is accumulated and communicated to management, including the Company's certifying officers, to allow timely decisions regarding required disclosure. Based on an evaluation performed, the certifying officers have concluded that the disclosure controls and procedures were effective as of the end of the period covered by this report.
Notwithstanding the foregoing, there can be no assurance that the Company's disclosure controls and procedures will detect or uncover all failures of persons within the Company and its consolidated subsidiaries to report material information otherwise required to be set forth in the Company's reports.
There was no change in the Company's internal control over financial reporting during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.
Figures reported in this filing
Standardized line items from the XBRL in this filing, for the period ended 2023-12-31. Comparative periods it repeats are left out.
| Line item | Period | Value | XBRL concept |
|---|---|---|---|
| Revenue | 3 months2023-10-01 to 2023-12-31 | $4.12bn | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 3 months2023-10-01 to 2023-12-31 | $2.20bn | us-gaap:CostOfGoodsAndServicesSold |
| Selling, general and administrative | 3 months2023-10-01 to 2023-12-31 | $1.28bn | us-gaap:SellingGeneralAndAdministrativeExpense |
| Income tax | 3 months2023-10-01 to 2023-12-31 | $7.0m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 3 months2023-10-01 to 2023-12-31 | $142.0m | us-gaap:NetIncomeLoss |
| Diluted EPS | 3 months2023-10-01 to 2023-12-31 | $0.25 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 3 months2023-10-01 to 2023-12-31 | $0.25 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 3 months2023-10-01 to 2023-12-31 | 573,300,000 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 3 months2023-10-01 to 2023-12-31 | $415.0m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 3 months2023-10-01 to 2023-12-31 | $77.0m | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Dividends paid | 3 months2023-10-01 to 2023-12-31 | $300.0m | us-gaap:PaymentsOfDividendsCommonStock |
| Share repurchases | 3 months2023-10-01 to 2023-12-31 | $175.0m | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Current assets | At period end2023-12-31 | $8.67bn | us-gaap:AssetsCurrent |
| Total assets | At period end2023-12-31 | $46.51bn | us-gaap:Assets |
| Current liabilities | At period end2023-12-31 | $7.76bn | us-gaap:LiabilitiesCurrent |
| Long-term debt | At period end2023-12-31 | $7.63bn | us-gaap:LongTermDebtNoncurrent |
| Current portion of debt | At period end2023-12-31 | $3.23bn | us-gaap:DebtCurrent |
| Shareholders' equity | At period end2023-12-31 | $20.67bn | us-gaap:StockholdersEquity |
| Shares outstanding | At period end2023-12-31 | 571,700,000 shares | dei:EntityCommonStockSharesOutstanding |
Source: SEC EDGAR, the filing index for accession 0000032604-24-000008. Last ingested by Listed: Oct 24, 2026, 14:52 ET. Listed shows no prices and gives no investment advice.