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● EMERSON . news release For immediate release Investor Contact : Pete Lilly ( 314 ) 553-2197 Media Contact : Emily Barlean ( 314 ) 750-1665 Emerson Reports First Quarter 2021 Results , Updates 2021 Outlook First quarter GAAP net sales of $ 4.2 billion were flat from the year prior ; underlying sales were down 2 percent , which was ahead of management's November guidance . First quarter GAAP EPS was $ 0.74 , up 40 percent from the year prior ; adjusted EPS , which excludes restructuring and first year purchase accounting charges and fees , was $ 0.83 , up 24 percent . Strong operating cash flow of $ 808 million in the quarter , up 90 percent ; Free cash flow was $ 686 million , up 121 percent . Restructuring and related actions of $ 69 million were initiated in the quarter , continuing aggressive execution of the comprehensive cost reset program to return the company to record adjusted EBIT margins . ST . LOUIS , Feb 2 , 2021 - Emerson ( NYSE : EMR ) today reported results for the first fiscal quarter ended December 31 , 2020 . First quarter GAAP net sales were flat and underlying sales were only down 2 percent excluding favorable currency of 1 percent and impact from acquisitions of 1 percent . Revenue for the quarter was ahead of management's November guidance , with both business platforms finishing above expectations . Overall , the company continued to see a sharp bifurcation in North American markets , with residential markets showing continued strength while many core automation markets remained subdued . Overall , North America was down high single - digits in the quarter . All other regions trended to growth with Europe up mid single - digits and Asia , Middle East & Africa up low single - digits . December trailing three - month underlying orders were only down 4.5 percent , ahead of previous expectations , as strength in residential - facing , cold chain , life sciences , medical , and food & beverage markets was more than offset by ongoing weakness in many process industries . Commercial & Residential Solutions trailing three - month underlying orders showed continued strength , up 15 percent ,