艾默生Emerson Electric Co. (EMR) 2008年年度报告「AMEX」.pdf

1、2008A N N U A L R E P O R TConsider It Solved.This remains Emersons promise to customers.Emerson can deliver on this promise because we are a powerful force for innovation.Our extra-ordinary technology and industry expertise,focus on customer needs,ability to anticipate Emerson delivered outstanding

2、 results in 2008 with a 7%increase in underlying sales and 15%growth in EPS.world trends and innate passion for progress enable Emersons employees to integrate the many resources across our businesses to deliver innovative solutions to customers worldwide.This is what has fueled Emersons strong fi n

3、ancial results over the years and will help drive the companys performance in the months and years ahead.TOTAL SALES(dollars in billions)OPERATING CASH FLOW(dollars in billions)RETURN ON TOTAL CAPITAL(percent)20082008200821.8%20032003$3.320082003$24.8200814.2%15.5%18.4%20.1%12.7%$2.2$2.2$2.5$3.0$1.7

4、$15.2$16.9$19.7$22.1$13.6$3.06195619681978198819982008$3.06dividendsPer shareearnings Per shareA Powerful Force for Innovation 01 o n e-Y e a r p e r f o r m a n c eYears ended September 30 Dollars in millions,percentexcept per share amounts 20072008 changeSales$22,131$24,80712.1%Net earnings per sh

5、are$2.66$3.06 15.0%Earnings from continuing operations per share$2.65$3.11 17.4%Dividends per share$1.05$1.20 14.3%Operating cash fl ow$3,016$3,293 9.2%Return on total capital 20.1%21.8%Return on equity 25.2%27.0%f i v e-Y e a r p e r f o r m a n c eYears ended September 30 Dollars in millions,five-

6、Yearexcept per share amounts 20032008cagrSales$13,635$24,80712.7%Net earnings per share$1.29$3.06 18.9%Earnings from continuing operations per share$1.19$3.11 21.2%Dividends per share$0.79$1.20 8.7%Operating cash fl ow$1,731$3,293 13.7%Return on total capital 12.7%21.8%Return on equity 17.9%27.0%_$2