tiprankstipranks
Emerson announces $2B repurchase program
The Fly

Emerson announces $2B repurchase program

Emerson (EMR) also announced that it plans to repurchase approximately $2B of its common stock in fiscal year 2025 increasing its total capital returned to shareholders to approximately 100% of the guided free cash flow. Emerson expects to complete approximately $1B of the repurchase by the end of the first fiscal quarter. The announced repurchase underscores Emerson’s commitment to driving shareholder returns and confidence in the company’s strong outlook, significant free cash generation and benefits of the actions announced today. Assuming successful completion of the transactions, Emerson expects total net leverage to be less than 2x by the end of fiscal year 2025 and expects to maintain its A2/A credit rating.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App