艾默生Emerson Electric Co. (EMR) 2014年年度报告「AMEX」.pdf

1、1252 0 1 4 A N N U A L R E P ORTCelebrate.Challenge.Consider It Solved.MILLIONSCROLLCOMPRESSORSCONSECUTIVE YEARS OF DIVIDEND INCREASESW.R.“BUCK”PERSONS CEO 1954-1973THE SMART DIFFERENCE18903BMORE THAN 3 BILLION HOURS OF OPERATIONSmart Wireless1973CHARLES F.KNIGHTCEO 1973-2000SALES IN BILLIONS 1979 8

2、7 95 00 2006$1$5$10$15$20MILLIONFOOD WASTEDISPOSERSMILLIONFOOD WASTEDISPOSERS125WHATSNEXT?1956 2014 EARNINGS AND DIVIDENDS PER SHARE 1956 2014$3.75EARNINGS PER SHARE*$1.72DIVIDENDS PER SHARE*2014,2013,and2012earningspershareexclude$0.72,$0.78and$0.72,respectively,ofgoodwillimpairmentandincometaxchar

3、ges.2002earningspershareisbeforethe$1.12persharecumulativeeffectofachangeinaccountingprinciple.100+ROSEMOUNTTRANSMITTERSABOARD THEAPO11O1890 2015COUNTRIES115,100EMPLOYEESCOUNTRIES115,100EMPLOYEESCOUNTRIES115,100EMPLOYEESWhataperfecttimetoacceleratepositivechangeanddefineanewandevenbrighterfuture.Weh

4、avetheunusualopportunitytohonoravastlegacyofhumantalentandfinancialdurability.Itisatimetooutwardlyappreciatetheunmatchedbreadthanddepthofourexpertiseandexperienceinourindustries.ItisabriefandexcitingmomentofjoytocelebratetheenduringspiritofConsider It Solvedandrememberthetrueessenceof“Engineering Fu

5、ll-On.”CelebratingOur 125th AnniversaryDAVID N.FARRChairman and Chief Executive Officer2014Emerson02ToourShareholders,AsEmersonmovesfrom2014into2015,wewillcelebrate125yearsinbusinessamilestonefewcompaniescanclaim.Foracenturyandaquarter,Emersonhasbeenaleaderandaninnovatoroftheimportanttechnologiesofo

6、urtimes.Wetaketremendousprideinthatlegacy,whichfuelsustogrowandimproveforgenerationstocome.Thisnoteworthyanniversaryoffersusanopportunitytocelebratethepast,evaluatepresentchallengesanddefineourvisionforthefuture.Asweenterour125thyear,Icannothelpbutreflectonourlongandrichhistory.Emersonhasevolvedfrom