Summary
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.
Financial Highlights
56 data points| Revenue | $24.22B |
| Cost of Revenue | $14.66B |
| Gross Profit | $9.56B |
| R&D Expenses | $555.00M |
| SG&A Expenses | $5.33B |
| Operating Income | $2.45B |
| Net Income | $2.48B |
| EPS (Basic) | $3.29 |
| EPS (Diluted) | $3.27 |
| Shares Outstanding (Basic) | 748.50M |
| Shares Outstanding (Diluted) | 753.50M |
Key Highlights
- 1Emerson Electric Co. reported a significant increase in net sales to $24.2 billion for fiscal year 2011, up from $21.0 billion in 2010, indicating strong revenue growth.
- 2The company projects continued sales growth for fiscal year 2012, with an expected increase of 4-6% in net sales and underlying sales growth of 5-7%.
- 3Emerson's diversified business segments, including Process Management, Industrial Automation, Network Power, Climate Technologies, and Tools and Storage, contribute to its broad market reach and resilience.
- 4International sales represented a substantial portion of total revenue, with Asia and Europe being key geographic markets, demonstrating Emerson's global footprint.
- 5The company's outlook for fiscal year 2012 is positive, forecasting operating profit margins of approximately 18% and earnings per share growth of 8-12%.
- 6Emerson actively engaged in share repurchases, with over 9.4 million shares bought back in the period presented, signaling a commitment to shareholder returns.
- 7Investment in research and development increased to $555 million in 2011, underscoring the company's focus on innovation and new product development.