Emerson Electric Files 2024 Annual Report

TL;DR

EMR's 2024 10-K is in - full financial picture for the year.

AI Summary

Emerson Electric Co. filed its 10-K for the fiscal year ending September 30, 2024. The company, headquartered in St. Louis, MO, operates in the electronic and electrical equipment sector. Key financial details and operational aspects are outlined in this comprehensive annual report.

Why It Matters

This filing provides investors and stakeholders with a detailed overview of Emerson Electric's financial performance, strategic direction, and risk factors for the past fiscal year.

Risk Assessment

Risk Level: low — This is a standard annual financial filing with no immediate red flags.

Key Players & Entities

• EMERSON ELECTRIC CO (company) — Filer of the 10-K
• 20240930 (date) — Fiscal year end
• 20241112 (date) — Filing date
• ST LOUIS (location) — Company headquarters and mailing address
• MO (location) — State of incorporation and company headquarters

FAQ

Key Financial Figures

• $0.50 — ge on which registered Common Stock of $0.50 par value per share EMR New York Stock
• $8.2 billion — orporation ("NI") at an equity value of $8.2 billion. NI, which provides software-connected
• $1.7 billion — wer cost, had revenues of approximately $1.7 billion and pretax earnings of approximately $1
• $170 — on and pretax earnings of approximately $170 for the 12 months ended September 30, 2
• $14.0 billion — equity funds managed by Blackstone in a $14.0 billion transaction. Emerson received upfront,
• $9.7 billion — pre-tax cash proceeds of approximately $9.7 billion and a note receivable with a face value
• $2.25 b — a note receivable with a face value of $2.25 billion, while retaining a 40 percent non
• $1.5 billion — equity funds managed by Blackstone for $1.5 billion and sold the note receivable to Copelan
• $1.9 billion — old the note receivable to Copeland for $1.9 billion. On October 31, 2022, the Company com
• $3.0 billion — disposers, to Whirlpool Corporation for $3.0 billion. On May 31, 2022 the Company complete
• $6.0 billion — re Business"), along with approximately $6.0 billion in cash to Heritage AspenTech stockhold
• $1.04 billion — basis). AspenTech had 2023 net sales of $1.04 billion. On November 5, 2024, the Company ann
• $240 — enTech not already owned by Emerson for $240 per share in cash, which implies a full
• $15.3 billion — market capitalization for AspenTech of $15.3 billion and an enterprise value of $15.1 billio
• $15.1 billion — 15.3 billion and an enterprise value of $15.1 billion. The Company currently owns approximate

Filing Documents

• emr-20240930.htm (10-K) — 2831KB
• exhibit4dfy24.htm (EX-4.D) — 96KB
• exhibit10ofy24.htm (EX-10.O) — 76KB
• exhibit10xfy24.htm (EX-10.X) — 98KB
• exhibit19fy24.htm (EX-19) — 56KB
• exhibit21fy24.htm (EX-21) — 369KB
• exhibit23fy24.htm (EX-23) — 3KB
• exhibit24fy24.htm (EX-24) — 26KB
• exhibit31fy24.htm (EX-31) — 17KB
• exhibit32fy24.htm (EX-32) — 12KB
• exhibit97fy24.htm (EX-97) — 35KB
• emr-20240930_g1.jpg (GRAPHIC) — 206KB
• emr-20240930_g2.jpg (GRAPHIC) — 291KB
• logo_emerson.jpg (GRAPHIC) — 206KB
• logo_emerson2.jpg (GRAPHIC) — 206KB
• 0000032604-24-000041.txt ( ) — 19704KB
• emr-20240930.xsd (EX-101.SCH) — 104KB
• emr-20240930_cal.xml (EX-101.CAL) — 145KB
• emr-20240930_def.xml (EX-101.DEF) — 753KB
• emr-20240930_lab.xml (EX-101.LAB) — 1231KB
• emr-20240930_pre.xml (EX-101.PRE) — 1038KB
• emr-20240930_htm.xml (XML) — 3094KB

- BUSINESS

ITEM 1 - BUSINESS Emerson ("the Company") is a global technology and software company that provides innovative solutions for customers in a wide range of end markets around the world. Through its leading automation portfolio, Emerson helps process, hybrid and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. Sales by geographic destination in 2024 were: the Americas, 50 percent ; Asia, Middle East & Africa, 30 percent (China, 11 percent ); and Europe, 20 percent . Portfolio management is an integral component of Emerson's growth and value creation strategy. Over the past three years, the Company has taken significant actions to accelerate the transformation of its portfolio through the completion of strategic acquisitions and divestitures of non-core businesses. These actions were undertaken to create a cohesive, higher growth and higher margin industrial technology portfolio as a global automation leader serving a diversified set of end markets. The Company's recent portfolio actions include the following transactions (note that all d ollars in Item 1 are in millions, except where noted) : On October 11, 2023, the Company completed the acquisition of National Instruments Corporation ("NI") at an equity value of $8.2 billion. NI, which provides software-connected automated test and measurement systems that enable enterprises to bring products to market faster and at a lower cost, had revenues of approximately $1.7 billion and pretax earnings of approximately $170 for the 12 months ended September 30, 2023. On May 31, 2023, the Company completed the sale of a majority stake in its Climate Technologies business (which constitutes the former Climate Technologies segment, excluding Therm-O-Disc which was divested earlier in 2022; the new standalone business is named Copeland) to private equity funds managed by Blackstone in a $14.0 billion transaction. Emerson received upfront, pre-tax cash pr

- RISK FACTORS

ITEM 1A - RISK FACTORS Investing in our securities involves risks. You should carefully consider, among other matters, the factors set forth below and the other information in this report. The Company's risk factors set forth below are not the only risks facing the Company. Additional risks and uncertainties not currently known to management or that management currently deems immaterial also may materially, adversely affect the Company's business, financial condition or operating results. We may amend or supplement the risk factors set forth below from time to time by other reports we file with the SEC. Business and Operational Risks We Operate in Businesses That Are Subject to Competitive Pressures That Could Affect Prices or Demand for Our Products Our businesses operate in markets that are highly competitive and potentially volatile, and we compete on the basis of product performance, quality, service and/or price across the industries and markets served. Our businesses are 6 largely dependent on the current and future business environment, including capital and consumer spending. A significant element of ou

View Full Filing

View this 10-K filing on SEC EDGAR