Emerson 2006 Annual Report Download - page 59

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56 | 57

  firstsecondthirdfourthfiscal
  quarterquarterquarterquarteryear
  2005 2006 2005 2006 2005 2006 2005 2006 2005 2006
Net sales $3,970 4,548 4,227 4,852 4,465 5,217 4,643 5,516 17,305 20,133
Gross profit $1,412 1,593 1,502 1,734 1,600 1,856 1,669 1,985 6,183 7,168
Net earnings $ 297 399 348 434 358 486 419 526 1,422 1,845
Earnings per common share:
Basic $ 0.71 0.97 0.84 1.06 0.86 1.19 1.02 1.30 3.43 4.52
Diluted $ 0.70 0.96 0.83 1.05 0.86 1.18 1.01 1.29 3.40 4.48
Dividends per common share $0.415 0.445 0.415 0.445 0.415 0.445 0.415 0.445 1.66 1.78
Common stock prices:
High $70.88 77.40 70.20 85.67 68.61 87.47 72.04 84.06 72.04 87.47
Low $61.22 67.93 63.93 75.08 60.69 78.62 61.47 76.15 60.69 67.93
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.

In November 2006, the Company’s Board of Directors declared a two-for-one split of the Company’s common stock, effected in the
form of a 100 percent stock dividend, to shareholders of record as of November 17, 2006, with a distribution date of December 11,
2006 (shares begin trading on a post-split basis on December 12, 2006). This stock split will result in the issuance of approximately
476.7 million additional shares of common stock and will be accounted for by the transfer of approximately $238 from additional
paid-in capital and retained earnings to common stock. Pro forma earnings per share amounts on a post-split basis for the years ended
September 30, 2006, 2005 and 2004 would be as follows:
 2004 2005 2006
Earnings per common share
Basic:
As reported $3.00 3.43 4.52
Post-split $1.50 1.71 2.26
Diluted:
As reported $2.98 3.40 4.48
Post-split $1.49 1.70 2.24
Information presented in the Consolidated Financial Statements, related notes and Eleven-Year Summary have not been restated to
reect the two-for-one stock split.