Emerson switches pension accounting; nine-month pretax earnings rise $8 million
Emerson Electric said it changed its method of accounting for pension and other postretirement benefit plans to mark-to-market, effective for fiscal 2026, and filed recast historical results. The change adds $8 million to pretax earnings for the nine months ended June 30, 2026, and the company expects a pretax mark-to-market gain of less than $5 million in the fourth quarter of fiscal 2026, which was not in its previous outlook. The change has no effect on cash flows, plan funding or benefits payable.
Key points
- Nine-month pretax earnings rise $8 million; after-tax $6 million, or $0.01 per share
- Fourth-quarter fiscal 2026 mark-to-market gain expected to be less than $5 million pretax
- Adjusted earnings per share will exclude the annual mark-to-market adjustment
- Change applied retrospectively; recast results are in Exhibit 99.1 and are not a restatement
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.