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Year-to-date free cash flow was $1.53 billion, up $118 million or 8%.
August 12, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Emerson reported results for the third fiscal quarter ended June 30, 2020, and announced updated guidance for the full year. GAAP net sales of $3.9 billion were down 16%; underlying sales were down 15% as demand declined due to COVID-19. GAAP EPS was $0.67, down 31% from $0.97 in the year prior. The company delivered strong free cash flow of $738 million in the quarter and $1.53 billion year-to-date, up $118 million or 8% year-to-date Revenue declines were in-line with manageme...
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