Emerson Electric (EMR) FY2024 results: revenue $17.5 billion, up 15.3% on the year
Emerson Electric Co. (EMR) reported revenue of $17.5 billion for fiscal 2024, the year ended 30 September 2024, up 15.3% on the year before. Net income was $2.0 billion, down 85.1%, and diluted earnings per share $3.43. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2024.
Revenue
$17.5 billion
+15.3% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$2.0 billion
-85.1% on the year
FY2017FY2024
Diluted EPS
$3.43
-85.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,332
637
2,922
+423.1%
Capital expenditure
419
363
299
+15.4%
Free cash flow
2,913
274
2,623
+963.1%
Free cash flow margin
16.7%
1.8%
19.0%
Cash from investing
-5,360
12,415
-5,334
Cash from financing
-2,455
-6,823
2,048
Depreciation and amortisation
1,689
1,051
842
+60.7%
Share-based compensation
260
250
125
+4.0%
Buybacks
435
2,000
500
-78.2%
Dividends paid
1,201
1,198
1,223
+0.3%
Dividend per share
$2.10
$2.08
$2.06
+1.0%
Diluted shares, weighted
574m
577m
596m
-0.6%
Shares outstanding at period end
570m
572m
591m
-0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
21,636
20,689
10,364
+4.6%
Non-controlling interest
5,873
5,909
5,952
-0.6%
Debt
7,687
8,156
10,374
-5.8%
Operating lease liabilities
511
404
312
+26.5%
Other liabilities
8,539
7,588
8,670
+12.5%
Total liabilities and equity
44,246
42,746
35,672
+3.5%
Fixed assets
2,807
2,363
2,239
+18.8%
Goodwill
18,067
14,480
13,946
+24.8%
Intangible assets
10,436
6,263
6,572
+66.6%
Cash and equivalents
3,588
8,051
1,804
-55.4%
Receivables
2,927
2,518
2,261
+16.2%
Inventory
2,180
2,006
1,742
+8.7%
Other assets
4,241
7,065
7,108
-40.0%
Total assets
44,246
42,746
35,672
+3.5%
10-K for the year ended 30 September 2024, filed 12 November 2024: the filing.