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56 | 2015 Annual Report
(19) Quarterly Financial Information (Unaudited)
FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER FULL YEAR
2014 2015 2014 2015 2014 2015 2014 2015 2014 2015
Net sales $5,606 5,587 5,812 5,400 6,312 5,503 6,807 5,814 24,537 22,304
Gross profit $2,236 2,280 2,395 2,166 2,638 2,234 2,889 2,368 10,158 9,048
Net earnings common stockholders $ 462 525 547 973 728 564 410 648 2,147 2,710
Earnings per common share:
Basic $ 0.65 0.76 0.78 1.42 1.03 0.84 0.59 0.98 3.05 4.01
Diluted $ 0.65 0.75 0.77 1.42 1.03 0.84 0.58 0.98 3.03 3.99
Dividends per common share $ 0.43 0.47 0.43 0.47 0.43 0.47 0.43 0.47 1.72 1.88
Common stock prices:
High $70.66 65.94 70.29 62.25 69.94 62.75 68.23 56.12 70.66 65.94
Low $62.73 57.76 62.25 54.95 64.70 55.23 60.85 42.80 60.85 42.80
Earnings per share are computed independently each period; as a result, the quarterly amounts may not sum to the
calculated annual figure.
Net earnings and diluted earnings per share, respectively, include the following: a gain on the divestiture of a
business of $528 and $0.77 in the second quarter of 2015; gains on divestitures of businesses of $83 and $0.13
and costs related to the planned network power systems spinoff of $52 and ($0.08) in the fourth quarter of 2015;
and a goodwill impairment charge of $508 and $0.72 in the fourth quarter of 2014.
Emerson Electric Co. common stock (symbol EMR) is listed on the New York Stock Exchange and the Chicago
Stock Exchange.