Emerson 2010 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 2010 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 64

  • 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

6
Emerson’s total sales. Emerson will be where
our customers need us to support them and to
provide meaningful solutions. Global customer
demand has been improving in all of our five
business segments – Process Management,
Industrial Automation, Network Power,
Climate Technologies, and Tools and Storage.
Total fiscal 2010 sales were $21.0 billion, up
5 percent compared to fiscal 2009 sales of
$20.1 billion. Fiscal 2010 net earnings per
share were up 25 percent to $2.84, compared
with $2.27 in fiscal 2009.
Underlying sales (excluding the impact of
acquisitions and foreign currency translation)
were basically flat compared with 2009
results, but trends continued to improve as
we made our way through 2010 and began to
The Year in Review
As anticipated, we did not see a sharp snap-back
in the strength of our markets in fiscal 2010.
However, we did see sustained improvement
that gained momentum as the year progressed.
The second half of the fiscal year was measur-
ably stronger (12 percent sales growth) than
the first and positioned Emerson for stronger
sales and profit growth in fiscal 2011.
In 2010, 57 percent of sales came from
outside the U.S. and 34 percent came from
emerging markets, which will continue to
represent a significant growth opportunity
for us. We will continue to drive for growth
and investments in emerging markets, as we
expect these economies to grow faster and
eventually deliver more than 40 percent of
Strengthening
Our Solutions