艾默生Emerson Electric Co. (EMR) 2010年年度报告「AMEX」.pdf

1、2010 Emerson Annual ReportStrengthening Our Solutions4Technology Leadership Through Innovation8Global Business Integration12To Our Shareholders2A difficult economic period,like the one just past,is a perfect time for Emerson to take action:to more tightly partner with customers,to invest in innovati

2、on,to grow presence in emerging markets,and to strengthen the best-cost foundation all of which prepare Emerson for eventual strong recovery.Emerson continuously supports customers and their industries as they deal with their specific challenges around the world.We are planning,innovating,creating f

3、irst-of-their-kind solutions and delivering on our promises.When Emerson takes up the challenge,and a customer says,“But its never been done before,”we have the unique opportunity to answer Consider It Solved.About Emerson2010 Annual Report1One-Year PerformanceYears ended September 30 percent Dollar

4、s in millions,except per share amounts20092010changeSales$20,102$21,0394.7%Net earnings$1,724$2,164 25.5%Net earnings per share$2.27$2.84 25.1%Earnings per share from continuing operations$2.26$2.60 15.0%Dividends per share$1.32$1.34 1.5%Operating cash flow$3,086$3,292 6.7%Return on total capital 16

5、.2%18.9%Return on equity 19.5%23.6%Five-Year PerformanceYears ended September 30 five-year Dollars in millions,except per share amounts20052010cagrSales$15,774$21,0395.9%Net earnings$1,422$2,164 8.7%Net earnings per share$1.70$2.84 10.8%Earnings per share from continuing operations$1.66$2.60 9.4%Div

6、idends per share$0.83$1.34 10.1%Operating cash flow$2,187$3,292 8.5%Return on total capital 15.5%18.9%Return on equity 19.4%23.6%54Yearsof Increased Dividends$2.84Earnings Per Share$1.34Dividends Per Share1956197019801990200020102002 earnings per share is before the$1.12 per share cumulative effect