艾默生Emerson Electric Co. (EMR) 1999年年度报告「AMEX」.pdf

1、Emerson Electric Co.1999 Annual ReportbusinessEmersonmeansEmerson Electric Co.World Headquarters8000 W.Florissant Ave.P.O.Box 4100St.Louis,MO 42 consecutive years of increased earnings per share,a compound annual growth rate of 11.5 percent43 consecutive years of increased dividends per share,a comp

2、ound annual growth rate of 11.9 percent1994197419791984198919691964$1.75$0.25$2.50$2.25$2.00$0.75$1.50$1.25$1.00$0.50$2.75$3.001959per common share 1956-1999Earnings and Dividendsand shareholdercustomervalue1999Emersons consistentperformance reflects our long-standing commitment to growth,operationa

3、l excellenceand shareholder value.drivingEmerson Means Business42 consecutive years of increased earnings per share,a compound annual growth rate of 11.5 percent43 consecutive years of increased dividends per share,a compound annual growth rate of 11.9 percent1994197419791984198919691964$1.75$0.25$2

4、.50$2.25$2.00$0.75$1.50$1.25$1.00$0.50$2.75$3.001959per common share 1956-1999Earnings and Dividendsand shareholdercustomervalue1999Emersons consistentperformance reflects our long-standing commitment to growth,operational excellenceand shareholder value.drivingEmerson Means Business3DearFellow Inve

5、stors,Fiscal 1999 was another successful year for Emerson.We achieved our 42nd consecutive year of increased earnings and earnings per share and 43rd consecutive year of increased dividendsper share,a record of consistent,strongperformance.Fiscal 1999 also caps a five-year period that has been one o

6、f the most outstandingin Emersons history.During this period,our stockholders averaged a 19 percentannual return on their investment.Consolidated sales,earnings and operatingcash flow all grew at double-digit rates,while return on total capital improved from15.4 percent to 16.4 percent.Earnings pers