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Emerson Electric narrows FY24 adjusted EPS view to $5.45-$5.50 from $5.40-$5.50

Consensus $5.47. Narrows FY24 revenue view to up 15% from up 15%-16%. Raises FY24 free cash flow view to $2.8B from $2.7B. The company said, “The 2024 outlook assumes approximately $300 million returned to shareholders through share repurchases and approximately $1.2 billion of dividend payments.”

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