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EMR 10-K Annual Reports

EMERSON ELECTRIC CO - 33 annual reports

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2025

Nov 10, 2025

Emerson Electric Co. (EMR) reported a solid fiscal year 2025, demonstrating resilience and strategic execution through significant portfolio transformations. The company's revenue grew 3% to $18.0 billion, with underlying sales also up 3%, driven by a 2.5% increase in price and 0.5% in volume. This growth was achieved despite ongoing integration of major acquisitions, including AspenTech and National Instruments (NI), which are now consolidated into the Software and Control segment. The company has successfully shifted its focus towards higher-growth, higher-margin industrial technology and software solutions, positioning itself as a global automation leader. Financial performance saw a significant rebound in earnings from continuing operations, which increased 41% to $2.3 billion, or $4.03 per diluted share. Adjusted diluted EPS from continuing operations also rose to $6.00, reflecting strong operational execution. Emerson generated substantial operating cash flow of $3.7 billion, enabling continued investment in innovation and shareholder returns, including a 12% increase in free cash flow to $3.2 billion. The company also announced an increase in its quarterly cash dividend to an annualized rate of $2.22 per share, underscoring its commitment to shareholder value.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2024

Nov 12, 2024

Emerson Electric Co. (EMR) has reported its fiscal year 2024 results, showcasing a significant transformation of its business portfolio and a strategic shift towards higher-growth automation markets. The company completed the acquisition of National Instruments (NI) for $8.2 billion, integrating its automated test and measurement systems into the Software and Control segment. Concurrently, Emerson advanced its portfolio simplification by divesting its Climate Technologies business (Copeland) and the InSinkErator business. These strategic moves are aimed at creating a more cohesive, higher-growth, and higher-margin industrial technology portfolio, positioning Emerson as a global automation leader. Financially, the company reported a 15% increase in net sales to $17.5 billion, driven by the NI acquisition and underlying sales growth. However, net earnings from continuing operations declined by 29% to $1.6 billion, impacted by acquisition-related costs and a loss on a note receivable from the Copeland transaction. Adjusted diluted EPS from continuing operations showed robust growth, increasing by 24% to $5.49. Emerson also demonstrated strong cash flow generation, with operating cash flow up 22% to $3.3 billion and free cash flow up 23% to $2.9 billion. Looking ahead, Emerson is exploring further strategic alternatives, including a potential sale of its Safety & Productivity segment, and has proposed acquiring the remaining stake in AspenTech. The company has also announced an increase in its quarterly dividend.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2023

Nov 13, 2023

Emerson Electric Co. (EMR) reported a robust fiscal year 2023, demonstrating significant portfolio transformation and strong operational performance. The company's strategic focus on becoming a global automation leader has been underscored by substantial acquisitions and divestitures, most notably the recent acquisition of National Instruments (NI) for $8.2 billion and the majority stake sale of its Climate Technologies business. Financially, Emerson saw a 10% increase in net sales to $15.2 billion, driven by strong growth across its Intelligent Devices and Software and Control segments. Diluted earnings per share from continuing operations rose 18% to $3.72, with adjusted diluted EPS reaching $4.44. The company also generated substantial operating cash flow of $2.7 billion, highlighting its strong cash-generating capabilities. Looking ahead to fiscal year 2024, Emerson anticipates continued sales growth and earnings per share improvement, supported by the integration of NI and ongoing operational efficiencies.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2022

Nov 14, 2022

Emerson Electric Co.'s 2022 10-K filing reveals a strategic transformation focused on portfolio optimization and an increased emphasis on its core automation and software businesses. The company reported significant net sales growth of 8% to $19.6 billion, driven by a combination of volume and pricing increases, despite ongoing supply chain challenges and geopolitical headwinds. Net earnings saw a substantial 40% increase to $3.2 billion, or $5.41 per diluted share, bolstered by strong operational performance and favorable divestiture gains. Key strategic moves during the fiscal year included the combination of its industrial software businesses with Aspen Technology, Inc., and the announcement of a majority stake sale in its Climate Technologies business to Blackstone. These actions signify Emerson's intent to streamline its portfolio towards higher-growth, more cohesive industrial technology offerings, particularly in intelligent devices and software. The company generated robust operating cash flow of $2.9 billion, though this was down 18% due to increased working capital needs, and maintained a strong financial position with substantial equity and available credit facilities.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2021

Nov 15, 2021

Emerson Electric Co. reported a strong fiscal year 2021 with net sales of $18.2 billion, a 9% increase over the prior year. This recovery brought sales back to pre-COVID-19 levels, driven by a 5% increase in underlying sales, a 3% boost from foreign currency translation, and a 1% contribution from the OSI acquisition. Net earnings common stockholders rose 17% to $2.3 billion, with diluted earnings per share increasing 18% to $3.82. The company generated robust operating cash flow of $3.6 billion, a 16% increase, demonstrating strong cash-generating capabilities. Key strategic initiatives included the announced agreement to combine two software businesses with Aspen Technology, Inc., positioning Emerson to own 55% of the new entity. The company continues to focus on innovation, sustainability, and operational efficiency, as evidenced by its "Greening Of, Greening By, Greening With" framework and a commitment to reducing greenhouse gas emissions. Despite ongoing supply chain challenges and material price volatility, Emerson successfully navigated these headwinds, ending the year with a solid financial position and a backlog of $6.5 billion, with 85% expected to be recognized within 12 months.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2020

Nov 16, 2020

Emerson Electric Co.'s 2020 10-K filing highlights a challenging year marked by a 9% decline in net sales to $16.8 billion, primarily due to the global COVID-19 pandemic impacting demand across its industrial, commercial, and residential markets. Despite the sales decrease, the company managed to improve profitability through significant cost containment and restructuring efforts, with SG&A expenses decreasing as a percentage of sales. Emerson strategically navigated the downturn by increasing its cash holdings and issuing new debt to bolster liquidity, while also completing the acquisition of Open Systems International, Inc. (OSI) to enhance its Automation Solutions segment. The company demonstrated resilience by maintaining its commitment to shareholders, increasing its dividend for the 65th consecutive year. The report details Emerson's two primary business segments: Automation Solutions and Commercial & Residential Solutions, with Automation Solutions representing the larger portion of sales and earnings. While facing headwinds, the company maintains a strong financial position, supported by consistent operating cash flow and a robust balance sheet, positioning it for a projected return to growth in fiscal year 2021.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2019

Nov 18, 2019

Emerson Electric Co. (EMR) reported total net sales of $18.4 billion for the fiscal year ended September 29, 2019, representing a 6% increase over the prior year, driven significantly by acquisitions which contributed 5% to the growth. Underlying sales, excluding the impact of acquisitions and foreign currency fluctuations, increased by 3%. Net earnings attributable to common stockholders rose by 5% to $2.3 billion, translating to diluted earnings per share of $3.71, a 7% increase. The company generated robust operating cash flow of $3.0 billion. Emerson operates through two primary segments: Automation Solutions and Commercial & Residential Solutions. The Automation Solutions segment, comprising over two-thirds of total sales, showed strong growth with a 7% increase in sales, driven by acquisitions and underlying volume increases. The Commercial & Residential Solutions segment saw a more modest 3% sales increase, with mixed performance between its Climate Technologies and Tools & Home Products sub-segments, impacted by acquisition contributions and differing market conditions. The company continued its strategic portfolio management through acquisitions, particularly in the Automation Solutions segment, aiming to enhance its technology offerings and market position.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2018

Nov 19, 2018

Emerson Electric Co. reported solid performance for the fiscal year ended September 29, 2018, with net sales increasing 14% to $17.4 billion. This growth was driven by a strong 21% increase in the Automation Solutions segment, bolstered by acquisitions and broad-based demand, and a more modest 2% increase in Commercial & Residential Solutions. Net earnings attributable to common stockholders saw a significant jump of 45% to $2.2 billion, or $3.46 per diluted share, benefiting from this robust sales performance and a notable income tax benefit of $0.30 per share resulting from the U.S. Tax Cuts and Jobs Act. The company continued its strategic portfolio repositioning through several key acquisitions in 2018, including Aventics and Textron's tools and test equipment business, aimed at strengthening its core segments. Emerson also maintained a strong cash flow generation, with operating cash flow increasing 8% to $2.9 billion, supporting its investment in acquisitions, dividends, and share repurchases. The company outlook for fiscal 2019 remains positive, with expected net sales growth of 6-9%.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2017

Nov 20, 2017

Emerson Electric Co.'s (EMR) 2017 10-K filing highlights a year of significant portfolio transformation. The company successfully divested its Network Power Systems and Power Generation, Motors, and Drives businesses, reporting them as discontinued operations. Concurrently, Emerson strengthened its core Automation Solutions segment with the acquisition of Pentair's valves & controls business. This strategic repositioning resulted in a reported net sales increase of 5% to $15.3 billion, driven by the acquisition and a 1% increase in underlying sales, reflecting gradual improvement in industrial end markets. While net earnings attributable to common stockholders decreased by 7% to $1.518 billion, earnings from continuing operations saw a modest 3% increase to $1.643 billion, with diluted EPS from continuing operations rising 4% to $2.54. The company generated strong operating cash flow of $2.7 billion, demonstrating robust cash generation capabilities to fund acquisitions, dividends, and share repurchases. The outlook for fiscal year 2018 indicated continued market stabilization and expected growth in key segments.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2016

Nov 16, 2016

Emerson Electric Co. (EMR) is undergoing a significant strategic portfolio repositioning, marked by agreements to sell its Network Power Systems business and its Power Generation, Motors, and Drives businesses, while simultaneously agreeing to acquire Pentair's Valves & Controls business for approximately $3.15 billion. These divestitures are reported as discontinued operations. The company's core continuing operations are organized into Process Management, Industrial Automation, Climate Technologies, and Commercial & Residential Solutions segments. For fiscal year 2016, Emerson experienced a notable decline in net sales, largely attributed to weak global oil and gas prices, reduced industrial spending, and general economic uncertainty. This led to a significant decrease in earnings from continuing operations and diluted EPS compared to the prior year. Despite the sales and earnings headwinds in 2016, Emerson is actively reshaping its business to focus on higher-growth end markets and improve profitability. The planned acquisition of Pentair's Valves & Controls business is expected to strengthen its Process Management segment. The company is emphasizing its core strengths in automation solutions and climate technologies while managing through a challenging macroeconomic environment. Investors should monitor the successful integration of acquired businesses and the impact of ongoing portfolio adjustments on future financial performance.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2015

Nov 18, 2015

Emerson Electric Co.'s 2015 10-K filing reveals a company undergoing significant strategic repositioning. The company announced plans to spin off its Network Power systems business, a move aimed at streamlining its portfolio and enhancing growth potential. This strategic shift is coupled with exploring alternatives for its power generation and motors, drives, and residential storage businesses, indicating a focused effort to refine its core offerings. Financially, the company demonstrated resilience despite a decrease in net sales for the fiscal year ended September 29, 2015, compared to prior years. However, earnings from continuing operations saw a substantial increase, driven in part by gains from divestitures. This highlights the immediate positive impact of its portfolio adjustments on profitability. Investors should monitor the execution and success of these significant strategic transactions, as they are expected to reshape the company's future structure and market position.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2014

Nov 19, 2014

Emerson Electric Co. in its 2014 10-K filing, for the fiscal year ending September 29, 2014, presents a diversified global business structure with five core segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Management segment was the largest contributor to sales, representing 36% of the total, followed by Industrial Automation and Network Power, each at 20%. Geographically, the United States and Canada represented the largest market at 46% of sales, with Asia and Europe also being significant regions. The company highlighted its robust intellectual property portfolio and ongoing research and development efforts, with R&D expenses of $541 million in 2014. Despite a competitive landscape and potential risks related to raw material prices, currency fluctuations, and international operations, Emerson's financial position remained solid. The company demonstrated a consistent ability to generate cash flow, evidenced by its share repurchase program and dividend payments. The filing also detailed Emerson's commitment to growth through strategic acquisitions and integration, while managing its global manufacturing footprint, with a majority of its 220 locations situated outside the United States. Investors should note the company's proactive approach to risk management, including hedging strategies and a focus on operational efficiency across its diverse business segments.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2013

Nov 19, 2013

Emerson Electric Co.'s 2013 10-K filing reveals a diversified global technology and engineering company organized into five key business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The company generated consolidated sales of $24,669 million in fiscal year 2013, with Process Management being the largest segment at 34% of sales, followed by Network Power (24%) and Industrial Automation (19%). Geographically, North America accounted for 44% of sales, with Asia being a significant and growing market at 24%. The filing highlights the company's ongoing investment in research and development, with $576 million spent in 2013, and its strategy to compete on product performance, quality, service, and price. Emerson also actively manages its portfolio through acquisitions and divestitures, as noted by the planned divestiture of its embedded computing and power business. Investors can look to Emerson's forward-looking statements for fiscal year 2014, which anticipate underlying sales growth of 3-5%, driven by a mixed but improving global economic outlook. The company expects earnings per share to increase between 4-7% on an adjusted basis. A key point for investors is Emerson's commitment to returning capital to shareholders, as evidenced by its active share repurchase program, which saw the repurchase of over 10 million shares in the third quarter of fiscal 2013. The company operates in competitive markets but believes it holds leadership positions in many of its product lines.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2012

Nov 20, 2012

Emerson Electric Co.'s 2012 10-K filing reveals a diversified global technology company with five core business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The company demonstrated resilience with net sales reaching $24.412 billion, a slight increase from the previous year. However, earnings from continuing operations saw a decline to $1,968 million, impacted by a significant $528 million goodwill impairment charge in 2012. Despite economic uncertainties and a challenging planning environment for fiscal year 2013, with orders slowing due to caution in business investment and deteriorating market visibility, Emerson projects modest sales growth in the low single digits, driven by Process Management and Commercial & Residential Solutions. The company's strategy emphasizes product performance, quality, service, and competitive global cost. Emerson actively manages its intellectual property and engages in strategic acquisitions, though it acknowledges the integration risks associated with these. The company's global operations, with a majority of manufacturing facilities outside the U.S., expose it to currency fluctuations and geopolitical risks. Emerson is committed to research and development, with R&D expenses totaling $547 million in 2012.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2011

Nov 22, 2011

This 10-K filing for Emerson Electric Co. for the fiscal year ending September 30, 2011, showcases a diversified global technology and engineering company with five core business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Tools and Storage. The company demonstrated robust performance, with net sales increasing to $24.2 billion, up from $21.0 billion in the prior year, and earnings per share showing a positive trend. Emerson's strategy emphasizes providing integrated solutions and leveraging its global presence, with a significant portion of sales coming from international markets, particularly Asia and Europe. Looking ahead to fiscal year 2012, Emerson projected continued growth in underlying sales of 5-7%, with net sales expected to increase by 4-6%. The company anticipates operating profit margins around 18% and earnings per share growth between 8-12%. While global economic conditions present some challenges, Emerson's diversified business model, ongoing investment in research and development, and strategic acquisitions position it for continued success. The company also highlighted its commitment to share repurchases and dividend payments, reflecting a focus on returning value to shareholders.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2010

Nov 23, 2010

Emerson Electric Co.'s 2010 10-K filing reveals a diversified global technology and engineering company organized into five key segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Tools and Storage. The company's strategy focuses on delivering solutions through high-quality products and engineering services across various industrial, commercial, and consumer markets. Despite operating in highly competitive environments, Emerson aims to maintain market leadership through continuous innovation and a strong global presence, with significant sales in the United States, Europe, and Asia. The filing indicates a robust order backlog of $5.6 billion as of September 29, 2010, up from $4.6 billion the previous year, suggesting positive future sales momentum. Management expressed optimism for fiscal year 2011, forecasting underlying sales growth of 7-10% and net sales growth of 12-15%, driven by anticipated economic improvements and strategic acquisitions. The company is committed to research and development, with substantial investment in innovation across its segments, and manages its global operations with a focus on cost-efficiency and market responsiveness, while navigating risks associated with international operations and currency fluctuations.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2009

Nov 23, 2009

Emerson Electric Co. reported its fiscal year 2009 results, a period marked by a challenging economic environment. Despite a decline in net sales to $20.9 billion from $24.8 billion in 2008, the company demonstrated resilience. Looking ahead to fiscal year 2010, Emerson projected a further decline in underlying sales but anticipated reported sales to be flat to slightly down, reflecting expectations of stabilization and potential benefits from currency fluctuations and acquisitions. The company's diversified business segments, including Process Management, Industrial Automation, Network Power, Climate Technologies, and Appliance and Tools, provide a degree of stability, though the report indicates potential headwinds from competitive pressures and economic downturns. Management highlighted its strategic positioning and focus on operational improvements to navigate the uncertain economic landscape. Key to Emerson's strategy are ongoing research and development investments to introduce new products and services, a disciplined approach to acquisitions, and maintaining access to capital markets. The company emphasized its commitment to delivering solutions to customers and maintaining a competitive global cost structure, aiming to mitigate the impact of potential raw material price increases and currency fluctuations. Investors should note the company's use of non-GAAP financial measures to provide a clearer view of ongoing operational performance.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2008

Nov 25, 2008

Emerson Electric Co. reported a record fiscal year 2008, demonstrating resilience and growth in a diverse global technology market. The company's strategic segmentation across Process Management, Industrial Automation, Network Power, Climate Technologies, and Appliance and Tools contributed to robust performance. Despite operating in competitive environments and facing potential headwinds from raw material costs and currency fluctuations, Emerson's diversified business model, strong R&D investment, and global manufacturing footprint position it to navigate an uncertain economic outlook for fiscal year 2009. For investors, the company highlights its strong order backlog, which increased to $5.5 billion, indicating solid demand. Emerson also continued its share repurchase program, returning value to shareholders. While the company anticipates a challenging fiscal year 2009 with a projected sales range of $23.5 billion to $25.5 billion and EPS guidance of $2.80 to $3.20, its established market leadership and ongoing investment in innovation provide a foundation for continued performance.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2007

Nov 19, 2007

Emerson Electric Co.'s 2007 10-K filing highlights a diversified global technology company with strong performance across its five key segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Appliance and Tools. The company reported robust net sales growth and increasing earnings from continuing operations, indicating effective operational strategies and market presence. Emerson's commitment to innovation is evident through its continued investment in research and development. The company's global reach is substantial, with a significant portion of its sales generated internationally, diversifying its revenue streams. While global operations introduce inherent risks such as currency fluctuations and political instability, Emerson's diversified business model and robust risk management practices appear to mitigate these effects. The backlog of orders also shows a healthy increase, suggesting sustained demand for its products and services heading into the next fiscal year. The company also actively engages in share repurchases, returning value to shareholders.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2006

Nov 21, 2006

Emerson Electric Co. reported strong performance for the fiscal year ending September 30, 2006, with net sales reaching $20,133 million, an increase from $17,305 million in the prior year. Earnings from continuing operations also saw significant growth, rising to $1,845 million from $1,422 million in fiscal 2005. This robust growth was driven by the company's diversified business segments, including Process Management, Industrial Automation, Network Power, Climate Technologies, and Appliance and Tools. The company's strategic focus on providing technology solutions and engineering services across industrial, commercial, and consumer markets appears to be paying off. Emerson's significant international presence, with 47% of sales generated outside the U.S., contributes to its global reach and revenue diversification. The company also demonstrated a commitment to returning value to shareholders, as evidenced by its consistent dividend payments and share repurchase program.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2005

Nov 22, 2005

Emerson Electric Co.'s 2005 10-K filing reveals a robust, diversified global technology company with a strong presence across five key segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Appliance and Tools. The company demonstrated solid financial performance, with net sales increasing to $17.3 billion and earnings from continuing operations reaching $1.42 billion. This growth was driven by broad-based performance across its segments, with Process Management and Appliance and Tools showing significant contributions. Emerson's strategic focus on providing integrated solutions and its commitment to research and development, evidenced by a significant increase in R&D spending, position it well for future growth. Geographically, the United States remains Emerson's largest market, accounting for 53% of sales, followed by Europe (22%) and Asia (14%). The company's global manufacturing footprint, with over half of its facilities located outside the U.S., supports its competitive strategy of delivering high-quality products at the lowest relevant global cost. While facing competitive pressures and inherent risks associated with global operations and acquisitions, Emerson's diversified business model, strong financial position, and focus on innovation suggest resilience and continued potential for shareholder value creation.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2004

Nov 18, 2004

Emerson Electric Co. reported a strong financial performance for the fiscal year ended September 30, 2004. The company demonstrated robust sales growth, reaching $15.6 billion, an increase from the previous year, driven by its diversified business segments including Process Management, Industrial Automation, Network Power, Climate Technologies, and Appliance and Tools. The company's strategic focus on providing integrated solutions and leveraging its global manufacturing footprint appears to be yielding positive results, as evidenced by a healthy order backlog of $2.57 billion. Key financial highlights indicate improved profitability, with earnings from continuing operations per common share rising to $3.00 (basic) and $2.98 (diluted). The company also maintained a strong liquidity position, with total assets growing to $16.36 billion. Emerson continues to invest in research and development, with R&D costs at $486 million, underscoring its commitment to innovation and maintaining a competitive edge in its diverse markets. The company's global operations are a significant contributor, with international sales reaching $7.35 billion, though subject to currency fluctuations and regulatory risks.

EMERSON ELECTRIC CO Annual Report, Year Ended Nov 14, 2003

Nov 14, 2003

Emerson Electric Co. (EMR) in its 2003 10-K filing presents a diversified industrial conglomerate with operations spanning Process Control, Industrial Automation, Electronics and Telecommunications, Heating, Ventilating and Air Conditioning, and Appliance and Tools. The company emphasizes its global reach with a significant portion of its workforce and manufacturing facilities located internationally. While the company experienced a slight decline in net sales in 2002 compared to 2001, sales in 2003 showed a modest increase, reaching $13,958 million. The filing highlights ongoing investment in research and development, with over $500 million allocated annually. Emerson also notes a substantial order backlog, indicating future revenue potential. From an investor's perspective, the filing demonstrates Emerson's strategic positioning across multiple essential industrial sectors, aiming for market leadership through product quality, service, and competitive pricing. The company's commitment to innovation is evident in its R&D spending. While acknowledging competitive market dynamics, Emerson expresses confidence in its market positions. The financial data indicates stability, with consistent dividend payments and a growing long-term debt, suggesting potential for strategic investments or acquisitions. The company's management emphasizes effective disclosure controls and procedures, aiming to provide transparent financial reporting to stakeholders.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2002

Dec 23, 2002

Emerson Electric Co. (EMR) in its 2002 10-K filing reports a slight decrease in net sales for the fiscal year ended September 29, 2002, falling to $13.824 billion from $15.480 billion in 2001. This decline is accompanied by a modest increase in net earnings to $1.060 billion from $1.032 billion in the prior year, though net earnings per diluted share saw a significant impact from a change in accounting principle, resulting in reported earnings of $0.29 per share after excluding the cumulative effect. Excluding this accounting adjustment, diluted earnings per share were $2.52, a slight improvement from $2.40 in 2001. The company operates across five key segments: Process Control, Industrial Automation, Electronics and Telecommunications, Heating, Ventilating and Air Conditioning, and Appliance and Tools. These segments cater to diverse industrial, commercial, and residential markets globally. Despite a challenging economic environment impacting some sectors, Emerson continues to invest in research and development, with R&D costs at $530 million in 2002. The company's global manufacturing footprint includes approximately 320 locations, with a significant portion, about 185, located internationally.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2001

Dec 21, 2001

Emerson Electric Co. reported for the fiscal year ending September 29, 2001, a slight decrease in net sales to $15,479.6 million from $15,544.8 million in the prior year. Net earnings saw a more significant decline, falling to $1,031.8 million from $1,422.4 million in 2000. This decrease in profitability, alongside a reduction in consolidated order backlog, suggests a challenging operating environment or potential shifts in demand across its diverse business segments. Despite this, Emerson maintains a strong global presence with extensive manufacturing facilities and a broad product portfolio spanning Process Control, Industrial Automation, Electronics and Telecommunications, HVAC, and Appliance and Tools. Investors should note the company's continued investment in research and development, with costs at $593.9 million in 2001, indicating a focus on innovation and future growth. While long-term debt has increased steadily over the past few years, reaching $2,255.6 million, the company's total assets remain substantial at $15,046.4 million. The report highlights Emerson's diversified operations and its strategy of manufacturing high-quality products at competitive global costs, though the recent performance metrics warrant close monitoring.

EMERSON ELECTRIC CO Annual Report (Amendment), Year Ended Sep 30, 2000

Jul 3, 2001

This amended 10-K filing for Emerson Electric Co. (EMR) for the fiscal year ended September 30, 2000, primarily serves to correct specific disclosures. The amendment removes "diluted earnings per common share, excluding goodwill amortization" from the Consolidated Statements of Earnings and provides updated information on divested businesses within the business segments, as detailed in Note 12 of the financial statements. For investors, the key takeaway is the company's commitment to accurate financial reporting. While the core financial performance for fiscal year 2000 remains as previously reported, these amendments highlight a refinement in how segment performance is presented and a change in earnings per share calculation disclosure. Investors should review the updated segment information and understand the basis for the reported EPS, particularly if comparing across periods or with other companies.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 2000

Dec 22, 2000

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 1999

Dec 20, 1999

Emerson Electric Co.'s 1999 10-K filing reflects a company operating in a dynamic industrial landscape. While specific financial figures are not directly presented in the provided directory listing, the filing would typically detail the company's performance, strategic initiatives, and financial position for the fiscal year ending September 29, 1999. Investors would look for insights into revenue growth, profitability, market share across its diverse business segments (likely including industrial automation, environmental optimization technologies, and network power), and any significant acquisitions or divestitures undertaken during the period. Given the era, the report would also likely address the company's approach to globalization, technological advancements impacting its core businesses, and any potential challenges or opportunities related to economic conditions. Investors should review the full filing to understand the company's competitive advantages, capital allocation strategies, and its outlook for future growth and shareholder value creation.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 1998

Dec 23, 1998

Emerson Electric Co. filed its 10-K annual report for the period ending September 29, 1998. While the provided text is a directory listing of the filing's components rather than the financial statements themselves, it indicates a significant filing by a major industrial company. Investors would typically look to this report for detailed financial performance, including revenues, profits, assets, and liabilities, as well as management's discussion and analysis of the company's operations, financial condition, and future outlook. Key areas of interest for investors would include the company's strategic direction, any significant acquisitions or divestitures, operational efficiency improvements, and its competitive positioning within its various business segments. The report would also detail any material risks, legal proceedings, and changes in accounting policies that could impact the company's financial health and stock performance.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 1997

Dec 19, 1997

This 10-K filing for Emerson Electric Co. (EMR) for the period ending September 29, 1997, provides a snapshot of the company's financial position and operational performance as of that date. Investors can expect to find details on the company's business segments, financial statements, and management's discussion and analysis of results. The filing serves as a crucial document for understanding Emerson's historical performance and strategic direction during that fiscal year, offering insights into its revenue generation, profitability, and overall market standing. Potential investors should pay close attention to the financial data presented, including balance sheets, income statements, and cash flow statements, to assess the company's financial health and growth trajectory.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 1996

Dec 19, 1996

This 10-K filing for Emerson Electric Co. (EMR) for the fiscal year ending September 29, 1996, details the company's financial performance and operational structure. While specific financial figures are not provided in this excerpt, the filing represents a snapshot of the company's condition as it navigated the mid-1990s economy. Investors would typically look to this document for in-depth information on the company's business segments, risk factors, management discussion and analysis, and audited financial statements. As a large, diversified industrial manufacturer, Emerson Electric's performance in this period would be influenced by factors such as global economic conditions, demand for its products in sectors like climate technologies, industrial automation, and network power, as well as its strategic acquisitions and divestitures. Investors should pay close attention to trends in revenue growth, profitability, and cash flow generation, alongside any commentary on the competitive landscape and the company's strategic direction for long-term value creation.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 1995

Dec 21, 1995

This 10-K filing from Emerson Electric Co. for the period ending September 29, 1995, presents a snapshot of the company's financial health and operational overview as of that date. While the provided content primarily consists of SEC filing directory information and does not include detailed financial statements or management discussion and analysis, it indicates the company's adherence to regulatory reporting standards. Investors would typically look to the full report for details on revenue, profitability, balance sheet strength, cash flows, and management's outlook on future performance and strategic initiatives. The filing serves as a confirmation of Emerson Electric's ongoing public disclosure obligations.

EMERSON ELECTRIC CO Annual Report, Year Ended Sep 30, 1994

Dec 22, 1994

Emerson Electric Co.'s 10-K filing for the period ending September 29, 1994, marks a significant point in the company's history as it operates in diverse industrial and consumer markets. While the provided filing snippet primarily consists of directory listings and navigational elements typical of SEC filings from that era, the core financial health and strategic direction of Emerson at this time would be crucial for investors. Investors would look for indicators of revenue growth, profitability trends, debt levels, and capital allocation strategies to assess the company's performance and future prospects.