Emerson (EMR) reported earnings per share (EPS) of $4.79 in fiscal year 2026, ended September 30, up 20% from $3.99 the previous year. Net income attributable to shareholders was $2.7 billion. Revenue totaled $18.98 billion, up 5%. Adjusted earnings per share (non-GAAP, which excludes items such as amortization of intangibles and restructuring costs) were $6.59, up 10%.
In the fourth quarter of fiscal 2026, revenue was $5.2 billion ($5,201 million), up 7%. EPS was $1.33, compared with $1.07 a year earlier, and adjusted EPS came in at $1.86, up 15%. Pretax earnings were $997 million, with a margin of 19.2%. Underlying orders grew 14% in the quarter, according to the company.
Operating cash flow for the year was $4.0 billion ($3,978 million), up 8%, and free cash flow totaled $3.5 billion ($3,535 million), up 9%. Emerson also declared a quarterly dividend of $0.595 per share, up 7%, payable on December 10, 2026 to shareholders of record on November 13, 2026.
For fiscal 2027, the company projects revenue growth of about 5%, EPS of about $5.70 and adjusted EPS of about $7.25. It expects operating cash flow of $4.3 billion to $4.4 billion and free cash flow of $3.8 billion to $3.9 billion. The plan includes about $2.5 billion in share buybacks and $1.3 billion in dividends. For the first fiscal quarter, it projects EPS of $1.19 to $1.23.
