For 2024, Emerson expects 13-15.5% sales growth (4-6% organic), adjusted EPS of $5.15-$5.35, and $2.6-$2.7B free cash flow. Targets assume continued automation market growth and integration of NI, with $500M planned for share repurchases.
For fiscal year 2024, consolidated net sales from continuing operations are expected to be up 13 to 15.5 percent, with underlying sales up 4 to 6 percent excluding a 1 percent unfavorable impact from foreign currency translation and a 10 to 10.5 percent impact from the NI acquisition. Earnings per share, which incorporate the NI acquisition other than as set forth below, are expected to be \$3.82 to \$4.02, while adjusted earnings per share are expected to be \$5.15 to \$5.35 ... Operating cash flow is expected to be \$3.0 to \$3.1 billion and free cash flow, which excludes projected capital spending of approximately \$0.4 billion, is expected to be \$2.6 to \$2.7 billion. The fiscal 2024 outlook assumes approximately \$500 million returned to shareholders through share repurchases