Q3 FY26 · Ended Jun 30, 2026 · View SEC filing
Cash earnings run far ahead of reported profit
Amortization from past acquisitions holds down reported profit, while the business needs only 2.1% of sales in new capital.
For investorsWhat gross margin looks like once the tariff refund is gone
For foundersHow hardware that is designed in becomes pricing power
Cost of sales rose 2.7% against 7.0% sales growth, and the filing credits mainly refunds of tariffs already paid.
U.S. underlying sales rose 10% against 4% abroad, so the quarter's growth leans on one market's build-out.
Price added 3% to underlying sales, as much as volume did, a sign that installed devices are costly to replace.
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Business Lens describes Emerson Electric from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
