Summary
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.
Key Highlights
- 1Net sales increased to $15.615 billion in fiscal year 2004, showing revenue growth.
- 2Earnings from continuing operations per common share (basic) grew to $3.00 and (diluted) to $2.98.
- 3Consolidated order backlog stood at $2,566 million as of September 30, 2004, indicating strong future demand.
- 4Total assets reached $16,361 million, reflecting the company's scale and market presence.
- 5Research and development costs were $486 million in fiscal year 2004, demonstrating investment in innovation.
- 6International sales continued to be a significant contributor, totaling $7,353 million in fiscal year 2004.
- 7The company actively repurchased shares, with 787,000 shares bought back in the fourth quarter of fiscal year 2004.