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Home > Fortune 500 Companies > Emerson Electric
Emerson Electric
Emerson Electric is a publicly traded company having a good stock performances result. It is a global company that brings together technology and engineering to provide innovative solutions for their customers in a wide range of industrial, commercial, and consumer markets. Emerson Electric is a Fortune 500 stock listed company trading under EMR symbol. Their priority is to design, produce and deliver systems, products, and solutions that make people's lives better.
David N. Farr was appointed the company's Chief executive officer in October 2000 and as chairman in September 2004. Farr is only the third chief executive of Emerson in the past 50-plus years.
It has been known as the place where people bring technology and engineering together to create solutions for the benefit of customers. As technology evolved and the needs of their customers changed, it rose to the challenge to solve problems and create opportunity. These customer facing, descriptive organizations leverage its quality, competency and experience and offer a place where customers can turn for solutions, answers and proficiency in a given field or industry.
It is dedicated to earning the trust and confidence of their employees, stockholders, business partners, customers and suppliers. Their company is managed in accordance with Corporate Governance Principles and Practices that ensure their businesses and their employees operate within New York Stock Exchange requirements and applicable legal statutes in the countries in which they manufacture and market their products and services.
They announced net sales for the first quarter ended December 31, 2005 was 4.5 billion dollars, an increase of 15 percent over the 4.0 billion dollars reported in the same period last year. Net earnings for the first quarter increased 35 percent to 399 million dollars, or 0.96 dollars per share. This represents a 37 percent increase in earnings per share from the 0.70 dollars earned in the same period last year. The Company achieved underlying sales growth of 14 percent in the quarter, excluding the impact of unfavorable exchange rates and growth from acquisitions. The sales growth was driven by increases from all five business segments and double digit increases from four of the five segments. Operating cash flow was 319 million dollars in the first quarter of 2006, an increase of 22 percent from the first quarter of 2005. The strong cash flow performance reflects strong earnings growth and continued successful management of working capital.
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