艾默生Emerson Electric Co. (EMR) 2006年年度报告「AMEX」.pdf

1、2006 a n n u a l r e p o r tPortraits of Leadership195619661976198619962006Financial Highlights and Letter to Shareholdersd e a r s h a r e h o l d e r s,In 2006,Emerson once again obtained its financial and operating objectives and delivered record levels of sales,earnings per share,and operating c

2、ash flow.Dividends increased for the 50th consecutive year,and revenues topped$20 billion,making 2006 a year of significant milestones.Over the last 50 years and especially over the past two decades,Emerson has established a solid reputation as a strong global company ready to face current and futur

3、e challenges.Continual strong performance doesnt come by accident.Dedicated,enthusiastic,and creative Emerson leaders throughout the company apply our management process to help meet and exceed operational objectives.This strategic process allows us to address global opportunities and continue to in

4、vest in next-generation innovation and technologies to the benefit of shareholders,customers,and employees.o n e-y e a r p e r f o r m a n c eYears ended September 30 percent Dollars in millions,except per share amounts 20052006changeSales$17,305$20,13316.3%Earnings per share$3.40$4.48 31.8%Dividend

5、s per share$1.66$1.78 7.2%Operating cash flow$2,187$2,512 14.9%Return on total capital 15.5%18.4%Return on equity 19.4%23.7%f i v e-y e a r p e r f o r m a n c eYears ended September 30 five-year Dollars in millions,except per share amounts 20012006cagrSales$15,311$20,1335.6%Earnings per share$2.40$

6、4.48 13.3%Dividends per share$1.53$1.78 3.1%Operating cash flow$1,708$2,512 8.0%Return on total capital 11.5%18.4%Return on equity 16.5%23.7%_$4.50_$4.00_$3.50_$3.00_$2.50_$2.00_$1.50_$1.00_$0.50_$0.001956196619761986199620062006FinancialandOperatingHighlightsNet sales were a record$20.1 billion,up