Emerson Electric Co. (EMR) Earnings Call Transcripts

Emerson Electric Co.'s Latest Earnings Call - Q4 FY2026

In the fourth quarter of fiscal 2026, Emerson Electric Co. reported strong results, with underlying sales growth of 7% and adjusted earnings per share (EPS) increasing 15% to $1.86. For the full year, underlying sales grew 4%, and adjusted EPS rose 10% to $6.59, both exceeding expectations. Management provided guidance for fiscal 2027, projecting underlying sales growth of 5% and adjusted EPS of $7.25, reflecting confidence in their growth verticals despite ongoing challenges in Europe and China.

Reported metrics

Guidance from management

For fiscal 2027, Emerson expects underlying sales growth of 5% and adjusted EPS of $7.25, maintaining a focus on capital returns with $3.8 billion planned for shareholders.

What management said

Not really. I mean I think we -- I think the industrial policy in the United States, particularly over the last 2 years has been really positive for our business. Certainly, an energy policy, a near-shoring policy has benefited Emerson, and we expect that to continue because ultimately, those policies do create American jobs and to create American well-being. So we hope that continues. I don't think I would change an...

Yes. So 3% price was this year, obviously, a point came from tariff and 2% normalized pricing. And so going into next year, we feel pretty good about 2% price in the plan. That's normal level of pricing. I think it's supported by our positioning in almost every category and every end market. So we feel pretty good. That's how we've gone into the year. Now certainly, inflation, particularly material inflation, we've m...

What analysts pressed on

Analysts expressed concerns regarding the conservatism in guidance, particularly in light of strong order growth and backlog increases. They questioned whether the guidance adequately reflected the positive momentum seen in Q4.

Main topics on the call

• Strong Order Growth — Emerson reported underlying orders grew 14% in Q4, with broad-based demand across all business groups. Management noted, "Demand was most pronounced in Software and Systems, up 82% and intelligent devices, up 13%."
• Margin Expansion — Adjusted segment EBITDA margin expanded 160 basis points to 29.1% in Q4, driven by better volume and favorable segment mix. Management stated, "Margin expansion exceeded expectations due to better volume in software and ...
• Guidance for Fiscal 2027 — Management guided for underlying sales growth of 5% and adjusted EPS of $7.25 for fiscal 2027. They emphasized, "We expect to deliver adjusted segment EBITDA margin of 29% and reflect meaningful progress on the pathway t...
• Challenges in Europe and China — Management acknowledged ongoing challenges in Europe and China, stating, "We do not expect an inflection in the region as demand in Germany, France and Italy remain soft." They also noted, "China orders remain negative a...

Read the full Emerson Electric Co. transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 47 Emerson Electric Co. earnings call transcripts on record, spanning February 4, 2020 to November 4, 2026. Based on this history, Emerson Electric Co. reports quarterly. The most recent call on file is dated November 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EMR

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Electrical Equipment

Calls on record

47

First call

February 4, 2020

Most recent

November 4, 2026

Reporting cadence

quarterly