EMR · 10-K · 2026A · Full report

Headcount / Restructuring

EMERSON ELECTRIC CO · 2026-11-09 · Importance 28 · Surprise 42

Fiscal 2026 Safety & Productivity earnings decreased $2 million to $416 million, and its operating margin fell 0.6 percentage points to 19.2% because of increased restructuring costs. Intelligent Devices margin increased 0.1 percentage points to 25.2%, with favorable price less net material inflation partly offset by higher restructuring costs. The filing also reports $0.36 per share of restructuring and related costs in the fiscal 2026 adjusted-earnings reconciliation.

Key facts

• Effective January 1, 2025, Emerson implemented a new profit sharing retirement program for all U.S. non-union employees, with a base contribution to a cash balance account and a potential profit sharing contribution to a defined contribution account. source
• For employees who continued accruing benefits in Emerson's principal U.S. defined benefit plan, future service after December 31, 2024 is frozen. source
• Emerson's principal U.S. defined benefit plan is closed to employees hired after January 1, 2016, and shorter-tenured employees ceased accruing benefits effective October 1, 2016. source