Summary
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.
Financial Highlights
50 data points| Revenue | $23.75B |
| Cost of Revenue | $14.81B |
| Gross Profit | $8.94B |
| R&D Expenses | $458.00M |
| SG&A Expenses | $4.92B |
| Operating Income | $2.45B |
| Net Income | $2.41B |
| EPS (Basic) | $3.09 |
| EPS (Diluted) | $3.06 |
| Shares Outstanding (Basic) | 780.30M |
| Shares Outstanding (Diluted) | 789.40M |
Key Highlights
- 1Emerson Electric Co. achieved a record fiscal year 2008, showcasing strong performance across its diversified business segments.
- 2The company's consolidated order backlog increased to $5.518 billion as of September 30, 2008, up from $4.917 billion in the prior year, indicating robust demand.
- 3Emerson actively repurchased shares during the fourth quarter of fiscal year 2008, totaling 8.61 million shares, demonstrating a commitment to returning capital to shareholders.
- 4Research and development expenses increased to $458 million in fiscal year 2008, reflecting a continued investment in innovation and new product development.
- 5The company generated significant international sales, amounting to $13.479 billion in 2008, underscoring its global reach and diversification.
- 6Emerson provided a fiscal year 2009 outlook anticipating sales between $23.5 billion and $25.5 billion, with earnings per share projected between $2.80 and $3.20, signaling a cautious but strategic approach to a challenging economic environment.