Emerson Electric Co (EMR) · Oct 13, 2026 · Other events

Emerson earnings recast lifts FY26 EPS a penny, no business change

Accounting recast — FY26 nine-month adjusted EPS $4.72 vs $4.71 previously reported

Emerson’s earnings recast modestly changes historical EPS under mark-to-market accounting, but leaves sales, operating performance and the business story intact.

Emerson is shifting its portfolio toward industrial automation, software and AI; its latest reported quarter showed 7% underlying orders growth, 6% underlying sales growth and $1.71 of adjusted EPS. This filing does not report a new quarter or change guidance. It recasts prior periods to reflect adoption of mark-to-market accounting for pension and postretirement plans. 〔0〕

PeriodNet salesDiluted EPSAdjusted EPS
FY26 nine months$13,781M, unchanged$3.46 vs. $3.45$4.72 vs. $4.71
FY26 third quarter$4,873M, unchanged$1.28, unchanged$1.71, unchanged
FY25 full year$18,016M, unchanged$4.00 vs. $4.04$6.01 vs. $6.00
FY24 full year$17,492M, unchanged$3.44 vs. $3.43$5.35 vs. $5.49

The operating story barely moves. Revenue, cost of sales and selling, general and administrative expenses are unchanged across the recast periods; the adjustments run mainly through other deductions, taxes and pension-related mark-to-market effects. The cumulative FY26 nine-month pretax impact is only $8 million, lifting diluted EPS by one cent and adjusted EPS by one cent. (Fiscal 2026 recast income statement; adjusted EBITA reconciliation)

The historical presentation is mixed, not the underlying business. FY25 reported diluted EPS is reduced by four cents while adjusted EPS rises by one cent; FY24 adjusted EPS falls by fourteen cents. Those movements reflect how mark-to-market effects are classified and allocated, rather than a change in sales, demand, margins or cash-generating operations. (Fiscal 2025 and Fiscal 2024 recast income statements)

Bottom line: This is accounting housekeeping, not a business update. It slightly changes the historical EPS record but leaves Emerson’s automation growth story and current operating trajectory essentially intact.

Original filing on SEC EDGAR

More Emerson Electric Co news

Emerson earnings recast lifts FY26 EPS a penny, no business change | EMR Stock News
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