Emerson 2006 Annual Report Download - page 3

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1956 1966 1976 1986 1996 2006
2006FinancialandOperatingHighlights
Net sales were a record $20.1 billion, up 16.3 percent from
$17.3 billion in 2005. The increase was driven by strong
underlying sales growth of 12.5 percent (which excludes the
impact of acquisitions, divestitures, and foreign currency
translation), well above the long-term target of achieving
5 to 7 percent average underlying growth through the
business cycles. Emerson’s performance this year reects a
strong industrial economy and continued execution of our
eight key growth initiatives.
Earnings per share (EPS) of $4.48 also represented a new
record and was an increase of 32 percent from the $3.40
reported in 2005. This performance is substantially better
than Emerson’s compound annual EPS growth rate of
10 percent over the last 50 years. Strong sales growth and
continued focus on operational excellence programs were
key to this year’s EPS performance.
2002 earnings per share is before the $2.23 per share charge from the cumulative effect of a change in accounting principle.
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