Summary
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.
Key Highlights
- 1Amendment No. 1 to the 10-K for the fiscal year ended September 30, 2000.
- 2Removal of "diluted earnings per common share, excluding goodwill amortization" from Consolidated Statements of Earnings.
- 3Updated reporting of divested businesses within business segments in Note 12.
- 4Incorporation by reference of portions of the 2000 Annual Report to Stockholders and the 2001 Proxy Statement.
- 5Market value of common stock held by non-affiliates as of October 31, 2000, was approximately $31.3 billion.
- 6Total common shares outstanding at October 31, 2000, were over 428.7 million.
- 7Independent auditors are KPMG LLP.