Emerson 2008 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 of the 2008 Emerson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 65

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65

[ 50 ] Emerson 2008
Other liabilities are summarized as follows:
    2007 2008
Deferred income taxes $ 519 533
Postretirement plans, excluding current portion 451 417
Retirement plans 296 325
Minority interest 191 188
Other 533 594
Total $1,990 2,057

 f i R s t s e C o n d t h i R d f o u R t h f i s C A l
 q u A R t e R q u A R t e R q u A R t e R q u A R t e R y e A R
  2007 2008 2007 2008 2007 2008 2007 2008 2007 2008
Net sales $ 4,937 5,520 5,394 6,023 5,772 6,568 6,028 6,696 22,131 24,807
Gross profit $ 1,783 2,010 1,939 2,242 2,095 2,413 2,248 2,474 8,065 9,139
Earnings from continuing
operations $ 442 519 493 598 573 647 621 690 2,129 2,454
Net earnings $ 445 565 494 547 574 612 623 688 2,136 2,412
Earnings from continuing
operations per common share:
Basic $ 0.55 0.66 0.62 0.76 0.72 0.83 0.79 0.89 2.68 3.14
Diluted $ 0.55 0.65 0.61 0.75 0.71 0.82 0.78 0.88 2.65 3.11
Net earnings
per common share:
Basic $ 0.56 0.72 0.62 0.70 0.72 0.79 0.79 0.89 2.69 3.09
Diluted $ 0.55 0.71 0.61 0.69 0.72 0.78 0.78 0.88 2.66 3.06
Dividends per common share $0.2625 0.3000 0.2625 0.3000 0.2625 0.3000 0.2625 0.3000 1.05 1.20
Common stock prices:
High $ 44.52 58.32 45.80 55.83 49.11 58.20 53.37 50.94 53.37 58.32
Low $ 41.11 50.50 42.11 47.88 41.85 48.17 45.42 38.46 41.11 38.46
All per share data reect the 2007 two-for-one stock split. Earnings per share amounts are computed independently
each period; as a result, the sum of the quarter amounts may not equal the total for the respective year.
The operating results of the European appliance motor and pump business for all periods presented and Brooks for rst
quarter 2008 are classied as discontinued operations. See Notes 3 and 4 for information regarding the Company’s
acquisition and divestiture activities and non-recurring items.
Emerson Electric Co. common stock (symbol EMR) is listed on the New York Stock Exchange and the Chicago
Stock Exchange.