Emerson Statistics By Revenue, Net Sales Growth, Aquisirtion And Diversititures

Maitrayee Dey
Written by
Maitrayee Dey

Updated · Feb 17, 2025

Aruna Madrekar
Edited by
Aruna Madrekar

Editor

Emerson Statistics By Revenue, Net Sales Growth, Aquisirtion And Diversititures

Introduction

Emerson Statistics: Emerson Electric Co. is a large industrial automation and technology company that has released its financial results for FY2024, which ended on September 30, 2024. Automation solutions are offered as a part of Emerson’s efforts to improve productivity and safety in the factory setting.

This article summarises Emerson’s statistics about financial performance achievement, key events, and outlook for the future of 2025.

Editor’s Choice

  • According to Emerson statistics, the revenue of Emerson Electric rose from US$15.17 billion in 2023 to US$17.49 billion in 2024 and from US$13.80 billion in 2022.
  • The company made the highest revenue in the last decade, which was US$24.67 billion, in 2013.
  • Emerson Consistent quarter on quarter revenues for 2024 were: Q4, US$4.62 billion; Q3, US$4.38 billion; Q2, US$4.38 billion; and Q1, US$4.12 billion.
  • Emerson Q3 2024 recorded 11% growth in quarterly net sales from US$3.95 billion in Q3 2023 to US$4.38 billion in Q3 2024.
  • Emerson’s Pretax earnings fell from US$822 million to US$455 million, with the margin dropping from 20.8% to 10.4%.
  • Emerson statistics state that Emerson Adjusted segment EBITA went up to US$1.19 billion, resulting in a margin improvement of 27.1%.
  • Operating cash flow was up 27% at US$1.07 billion, while free cash flow was at US$975 million.
  • The annual growth of net sales is expected to be 15%-16%, with organic growth indicating 5.5%-6.5%.
  • Expected full-year EPS is US$2.98-US$3.08, with adjusted EPS projected at US$5.40-US$5.50.
  • Emerson statistics reveal that Emerson’s Total equity has increased to US$20.69 billion by 2023, up US$12.46 billion since 2019.
  • Emerson International sales accounted for 60% of total revenues in 2024, totaling US$10.5 billion.
  • U.S. exports surged 26% from 2023, hitting US$1.3 billion.
  • Emerson statistics show that Emerson’s Regional underlying sales increased as follows: Europe, 7%; Asia/Middle East/Africa, 8%; Latin America, 21%; Canada, 5%.
  • Emerson proposed acquiring all remaining AspenTech shares for US$15.3 billion.
  • Emerson cleared the US$8.2 billion acquisition of National Instruments in 2023.
  • The company sold its Climate Technologies operations for US$14 billion in 2023.
  • Emerson statistics indicate that Emerson sold off its 40% stake in Copeland for US$1.5 billion in August 2024.

Emerson Revenue

Emerson Electric Annual Revenue
(Millions of US $)
Emerson Electric Quarterly Revenue
(Millions of US $)
2024 $17,492 2024-09-30 $4,619
2023 $15,165 2024-06-30 $4,380
2022 $13,804 2024-03-31 $4,376
2021 $12,932 2023-12-31 $4,117
2020 $16,785 2023-09-30 $4,090
2019 $18,372 2023-06-30 $3,946
2018 $17,408 2023-03-31 $3,756
2017 $15,264 2022-12-31 $3,373
2016 $14,522 2022-09-30 $3,892
2015 $16,249 2022-06-30 $3,465
2014 $17,733 2022-03-31 $3,291
2013 $24,669 2021-12-31 $3,156
2012 $24,412 2021-09-30 $-357

(Source: macrotrends.net)

  • Emerson Electric’s annual revenue has witnessed noticeable fluctuations driven by market forces, mergers, and strategic moves of the firm over the years.
  • The firm posted revenue of US$17.49 billion in 2024, an increase from the US$15.17 billion recorded in 2023 and US$13.80 billion in 2022. Revenues increased from US$12.93 billion in 2021 but did not match the previous year’s higher revenues, such as US$16.79 billion in 2020 and US$18.37 billion in 2019.
  • According to Emerson statistics, The highest revenue recorded over the last decade was in 2013 for US$24.67 million, followed closely behind by 2012 and 2011 with revenues of US$24.41 and US$24.22 million, respectively.
  • More recent revenue growth reflects a strong recovery from dips experienced between 2019 and 2021.
  • On to the quarterly aspect, Emerson Electric showed signs of continuality in growth this year 2024 with a total revenue of US$4.62 billion within the quarter that ended on September 30, US$4.38 billion for the June quarter, US$4.38 billion for March, and US$4.12 billion for December 2023.
  • 2023 has demonstrated a significant rise over the year, with figures of US$4.09 billion in the September quarter, US$3.95 billion in June, and US$3.76 billion in March.
  • In 2022, the quarterly revenues fluctuated, ranging from US$3.89 in September, US$3.47 in June, to US$3.29 in March, showing a lower base in revenue than in 2023 and 2024.
  • There was low revenue for the company towards the end of 2021 and early 2022, with a December 2021 quarter revenue figure of US$3.16 billion.
  • The ballpark figure from accounting adjustments or extraordinary would be the very unusual negative figure on revenues for the September 2021 quarter, which stood at -US$357 million.

Emerson Finacial Statistics

2023 Q2 2024 Q2 Change
Underlying Orders2 -1%
Net Sales
Underlying Sales3
$3,756 $4,376 17%
8%
Pretax Earnings
Margin
$639
17.0%
$652
14.9%
(210) bps
Adjusted Segment EBITA4
Margin
$924
24.6%
$1,139
26%
140 bps
GAAP Earnings Per Share
Adjusted Earnings Per Share5
$0.92
$1.09
$0.87
$1.36
(5)%
25%
Operating Cash Flow
Free Cash Flow
$575
$513
$757
$675
32%
32%

(Source: emerson.com)

  • Emerson statistics state that the underlying order volume increased by 3%, and the company increased net sales from US$3,946 million in Q3 2023 to US$4,380 million in Q3 2024 on 11% growth. Underlying sales saw an equivalent 3% increase.
  • On the contrary, there was a massive decline in pretax earnings, which fell from US$822 million to US$455 million, translating into a reduction in margins from 20.8% to 10.4%, a drop of 1040 basis points.
  • Despite this fact, the adjusted segment EBITA grew marginally from US$1,060 million to US$1,189 million, along with a slight growth in margin by 20 basis to 27.1%.
  • While GAAP earnings per share fell 46% from US$1.12 to US$0.60, adjusted earnings per share increased by 11% from US$1.29 to US$1.43.
  • Operating cash flows were strong, with operating cash flows up 27% from US$842 million to US$1,067 million, and free cash flows increased from US$769 million to US$975 million, also a 27% increase.

Emerson Net Sales Growth

2024 Q3 2024
Net Sales Growth
Underlying Sales Growth
11% – 12.5%
3% – 4.5%
15% – 16%
5.5% – 6.5%

(Source: emerson.com)

  • Emerson projected net sales growth for the third quarter of fiscal 2024 to fall between 11% and 12.5% and for the full year, between 15% and 16%.
  • Emerson statistics show that Underlying sales growth, determined by constant currency and excluded acquisitions, is forecasted Q3 between 3% and 4.5% and for the full year between 5.5% and 6.5%.
  • This indicates a steady expansion, where overall sales growth performed relatively stronger than underlying sales, positively implying acquisition inputs or other good external factors that potentially drove further growth.

Emerson Earning Per Share

2024 Q3 2024
Earnings Per Share
Amortization of Intangibles
Restructuring and Related Costs
Loss on Copeland Equity Method Investment
Amortization of Acquisition-related Inventory Step-up
Acquisition / Divestiture Fees and Related Costs
Divestiture Loss / (Gain), net
Discrete Tax Benefits
Adjusted Earnings Per Share
$0.92 – $0.96
~$0.36
~$0.07
~$0.02

~$0.01


$1.38 – $1.42
$2.98 – $3.08
~$1.43
~$0.32
~$0.19
$0.38
~$0.23
($0.03)
($0.10)
$5.40 – $5.50

(Source: emerson.com)

  • Emerson expects a third-quarter 2024 EPS of US$0.92-US$0.96 and a full-year EPS of US$2.98-US$3.08. Several adjustments are affecting these numbers.
  • The amortization of intangibles holds back EPS by about US$0.36 for the quarter and US$1.43 for the year. Restructuring costs and other expenses lower EPS by US$0.07 in Q3, while other cost savings improve EPS by US$0.32 for the rest of the year.
  • The equity-method investment loss at Copeland is anticipated to be around US$0.02 in Q3 and about US$0.19 for the whole year.
  • Amortization of acquisition-related inventory step-up has a negative EPS impact of US$0.38 for the year. Acquisition and divestment fees reduce earnings by about US$0.01 in Q3 and US$0.23 for the year.
  • A net divestiture gain of US$0.03 slightly counterbalances the negative effects.
  • The positive hit from discrete tax benefits for the whole year is US$0.10.
  • After all adjustments, the Q3 adjusted EPS is expected to be between US$1.38 and US$1.42, and the adjusted EPS for the full year is expected to range from US$5.40 to US$5.50.

Emerson Total Equity

Total Equity Of Emerson Electric From 2019 To 2023(Reference: statista.com)

  • The conclusion of the fiscal year for the American company Emerson Electric was that the company earned a total equity of US$20.69 billion for the year 2023.
  • The fiscal year for Emerson Electric ends on the 30th day of September. Over the years 2019 to 2023, Emerson Electric experienced a phenomenal boost of about US$12.46 billion in total equity.
  • It showed a continuous, steady upward trend in total equity despite their contribution towards the overall increase quite uniformly in these years, indicating that there was strong financial performance and stability.
  • Upward total equity must be a decent indicator of healthy asset, liability, and overall financial health management.
  • Profitable operations, strategic acquisitions, investments, and potential improvements in revenues and cost efficiency could likely be factors considered in accounting for growing numbers over this base period.
  • This was so to the year-on-year increase in equity, which also shows Emerson Electric’s ability to create value for shareholders, retain a portion of such value, and perhaps expand the market.
  • Financial numbers are promising since they indicate a well-established foundation on which the company can strengthen its position in the industry and invest in future growth.

Emerson Comparison of Cumulative Return With S&P 500, S&P 500 Capital Goods

Emerson Comparison of Cumulative Return With S&P 500, S&P 500 Capital Goods

(Source: emerson.com)

  • Emerson statistics reveal that Emerson’s cumulative return, together with those for the S&P 500 Index and the S&P 500 Capital Goods sector, is being examined for the six years of 2019 to 2024.
  • Each performs on an indexed basis with a base level of 100 for the year 2019, allowing for a direct comparison of growth patterns over time.
  • Emerson commenced the comparison with a base level of 100 for 2019 and underwent mild growth to reach 101 in 2020.
  • Strong growth characterized 2021, with a return rising to 149 and indicating strong revenue generation.
  • A downturn in 2022 kept Emerson returns under pressure at 118; this decline was most likely the result of external factors in global markets or internal issues.
  • In 2023, the company rebounded and returned 159; it again advanced in 2024, achieving 184, a sign of sustained growth.
  • Emerson’s compound annual growth rate (`CAGR`) over this period stands at 13.0%, representing a healthy long-term performance.
  • In distinct contrast, the S&P 500 index, indicating the broader market, has risen from a base of 100 in 2019 to 115 in 2020 and then to 150 in 2021.
  • With a drop back to 127 in 2022, the index resumed its uptrend strongly in 2023 to close at 154 and make explosive gains to 210 in 2024.
  • Market performance for the whole period, thus, means better than Emerson since the index gave a higher CAGR of 16.0%. S&P 500 Capital Goods sector, focused on industrial companies including Emerson, has a more volatile show.
  • After plunging to 95 in 2020 after peaking at 100 in 2019, it was weaker compared with the industrial performance of both Emerson and the broader market.
  • It peaked at 128 in 2021 but fell again to 108 in 2022. A strong rebound came in 2023, marking 139, while a limited surge to 200 in 2024 indicates a continuous upswing for the sector.
  • Despite this growth, the average growth rate for the sector is only 14.9%, slightly higher than Emerson’s but still lower than full-market S&P 500 growth.

Net Sales By Region

  • The percentage of international sales in 2024 is around 60%, accounting for U.S. exports.
  • Emerging markets in Asia, Latin America, Eastern Europe, and the Middle East/Africa are expected to have stronger growth on the economic front. International destination sales, including U.S. exports, climbed 18% to US$10.5 billion in 2024 due to an overall growth in sales and the acquisition of Test & Measurement.
  • U.S. exports shot up by 26% relative to 2023, reaching US$1.3 billion.
  • On organic international destination sales, sales were up 9%, with the Test & Measurement acquisition adding a further 9%.
  • Emerson statistics state that underlying sales were up 7% in Europe, 8% in Asia, the Middle East, and Africa (with China down 3%), 21% in Latin America, and 5% in Canada.
  • Furthermore, origin sales from international subsidiaries, including shipments to the U.S., reached US$9.3 billion, 20% higher than in 2023.
  • International destination sales amounted to US$8.9 billion in 2023, reflecting 9% growth, including U.S. exports deriving from overall sales growth and the Heritage AspenTech acquisition.
  • U.S. exports rose to US$1.0 billion, an increase of 6% over 2022. Underlying international destination sales also rose by 9% for the year, while foreign currency translation negatively affected sales by 3%.
  • The Heritage AspenTech acquisition contributed 3% growth in sales, while the divestment of Metran reduced sales by 1%.
  • Geographically, the underlying sales growth was 10% for Europe, 9% for Asia-the Middle Africa (with growth in China of 4%), 14% for Latin America, and 1% for Canada. Meanwhile, origin sales from international subsidiaries, including shipments to the U.S., totaled US$7.7 billion, reflecting a 5% increase compared to 2022.

Emerson Aquisirtion And Diversititures

  • Emerson issued a tender offer to acquire all shares of AspenTech not currently owned at a cash value of US$240 per share on November 5, 2024.
  • This offer implies a fully diluted market capitalization of AspenTech at US$15.3 billion and an enterprise value of US$15.1 billion.
  • Emerson presently controls about 57% of AspenTech’s outstanding common shares. Furthermore, the offer is not subject to funding or financing and will be financed through cash on hand, committed credit lines, and other available financial sources.
  • At the same time, that company revealed that it was considering strategic alternatives, including a possible cash sale, for its Safety & Productivity segment. There is no guarantee that either the acquisition or strategic review will be followed by transactions or that any transaction will involve specific terms or conditions.
  • On October 11, 2023, Emerson completed the acquisition of National Instruments Corporation (NI), sporting an equity value of US$8.2 billion.
  • While NI revenues for settling 12 months printed approximately US$1.7 billion with the same having pretax earnings of around US$170 million, it specializes in software-connected automated test and measurement systems that accelerate product development and reduce costs.
  • In 2023, Emerson acquired Flexim, a subsidiary of Measurement & Analytical, along with Afag, an EU-based business in Discrete Automation.
  • The acquisition cost a total of US$715 million, net of cash acquired. On May 31, 2023, Emerson finalized the sale of the majority stake in its Climate Technologies business to Blackstone-managed private equity funds for US$14.0 billion.
  • The facility operates as an independent entity, Copeland, but was previously functioning in the Climate Technologies business segment minus Therm-O-Disc because that business had already been sold off in early 2022.
  • A pretax gain of about US$10.6 billion or US$8.4 billion after-tax because taxes were recorded in earlier quarters due to subsidiary restructurings was recognized by Emerson.
  • On June 6, 2024, Emerson entered into definitive agreements where it would sell its remaining 40% non-controlling equity interest in Copeland to Blackstone-managed private equity funds for US$1.5 billion.
  • The company also agreed to sell its note receivable from Copeland for US$1.9 billion. The transactions were conducted in August 2024.

Conclusion

As per Emerson statistics, the financial results of Emerson Electric Co. are reflecting strong performances with a strategic focus on industrial automation. Revenues skyrocketed, acquisitions made, and the positive outlook for 2025 certainly places the company on track toward better positioning within the industrial technology space.

By continuing to innovate and cut costs, Emerson is well poised to leverage any emerging opportunities in the automation sector.

Maitrayee Dey
Maitrayee Dey

Maitrayee Dey has a background in Electrical Engineering and has worked in various technical roles before transitioning to writing. Specializing in technology and Artificial Intelligence, she has served as an Academic Research Analyst and Freelance Writer, particularly focusing on education and healthcare in Australia. Maitrayee's lifelong passions for writing and painting led her to pursue a full-time writing career. She is also the creator of a cooking YouTube channel, where she shares her culinary adventures. At Smartphone Thoughts, Maitrayee brings her expertise in technology to provide in-depth smartphone reviews and app-related statistics, making complex topics easy to understand for all readers.

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