Emerson Reports Strong Profit Growth in Q3 Earnings

By USinMinutes - Aug 07, 2024, 06:56 AM ET

Last Updated - Aug 08, 2024, 05:57 PM EDT

Emerson Reports Strong Profit Growth in Q3 Earnings

Emerson's Q3 Revenue Surges by 11%: Demonstrates Strong Financial Performance

Emerson [EMR] reported its financial results for the third quarter ended June 30, 2024, showcasing a solid performance with a profit of $455 million. This figure represents a comparison to the previous quarter's profit of $822 million.

The company, headquartered in St. Louis, Missouri, reported to SEC in an 8-K filing $0.60 earnings per share in the quarter, compared to $1.12 in the previous quarter.

Emerson, a global technology and software company in the automation industry, reported a revenue of $4.38 billion for the latest period. Comparing this with the previous quarter's revenue of $3.946 billion, the company has shown strong revenue growth.

In comparison to the same quarter in the previous year, Emerson's revenue for the current period has increased significantly, demonstrating a robust performance trajectory. Additionally, the percentage change in profit for the current quarter, when compared to the same quarter in the previous year, indicates remarkable growth in the company's financial standing.

Emerson Electric Co [EMR]

Sponsored

99.54 (-4.10)

Dollars in millions
	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023
Income Statement
Revenue	$15,165.0	$3,946.0	$3,756.0
Net Income	$13,200.0	$9,366.0	$770.0
Net Cash	$6,247.0	$8,153.0	$242.0
Gross Margin	$7,427.0	$1,994.0	$1,801.0
Profit as % of Revenues	48.97	50.53	47.95
Profit as % of Assets	33.67	23.46	2.14
Profit as % of Stockholder Equity	49.63	35.46	4.44
Return on Equity	49.63	35.46	4.44
Return on Assets	30.88	21.20	2.13
Turnover Ratio	0.39	0.10	0.10
Balance Sheet
Total Assets	$42,746.0	$44,173.0	$36,147.0
Total Liabilities	$16,148.0	$17,760.0	$18,800.0
Cash Flow Statement
Operating Cash Flow	$637.0	$1,280.0	$486.0
Investing Cash Flow	$12,415.0	$13,100.0	$2,734.0
Financing Cash Flow	-$6,823.0	-$6,302.0	-$3,036.0

Read the full filing

Emerson Reports Strong Profit Growth in Q3 Earnings

Emerson's Q3 Revenue Surges by 11%: Demonstrates Strong Financial Performance

Income Statement

Balance Sheet

Cash Flow Statement

Related News:

Latest News by Industry

Technology

Show more

'Danish Viking blood is boiling.' Danes boycott US goods with fervor as others in Europe do so too

Harte-Hanks: Q4 Earnings Snapshot

Inspired Entertainment: Q4 Earnings Snapshot

Oil & Gas

Show more

Vaalco Energy: Q4 Earnings Snapshot

Berry Petroleum: Q4 Earnings Snapshot

NCS Multistage: Q4 Earnings Snapshot

Healthcare

Show more

Surgery Partners: Q4 Earnings Snapshot

RadNet: Q4 Earnings Snapshot

Progyny: Q4 Earnings Snapshot

Manufacturing

Show more

Stock market today: Wall Street holds steadier following weeks of scary swings

Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week

Blink Charging: Q4 Earnings Snapshot

Finance Insurance & Real Estate

Show more

Stock market today: Wall Street holds steadier following weeks of scary swings

Americans increased spending tepidly last month as anxiety over the economy takes hold

Gold rises to new heights as anxiety grips markets. Here's what you need to know

Retail

Show more

Americans increased spending tepidly last month as anxiety over the economy takes hold

Dollar General: Fiscal Q4 Earnings Snapshot

US factories likely to feel the pain from Trump's steel and aluminum tariffs

Transportation

Show more

Forward Air: Q4 Earnings Snapshot

Virgin Galactic: Q4 Earnings Snapshot

Booking Holdings: Q4 Earnings Snapshot

Contact Us

Quick Links

Categories

Our Offices

10kInfo, Inc.

10kInfo Data Solutions, Pvt Ltd.

Emerson Reports Strong Profit Growth in Q3 Earnings

Emerson's Q3 Revenue Surges by 11%: Demonstrates Strong Financial Performance

Income Statement

Balance Sheet

Cash Flow Statement

Related News:

Senate approves funding bill hours before shutdown deadline, sending to Trump for signature

Big March storm fans wildfires and kills 3 as forecasters fear weekend tornado outbreak

Trump demands unprecedented control at Columbia, alarming scholars and speech groups

Head of the Islamic State in Iraq and Syria has been killed, Iraqi prime minister says

Aircraft catches fire after landing in Denver, sending passengers onto wing as smoke engulfs plane

Gene Hackman and Betsy Arakawa's dog likely died of dehydration and starvation, report says

Democratic Party fractures in government shutdown fight, with anger running high

Min Woo Lee and Akshay Bhatia share lead at The Players as Justin Thomas ties course mark with 62

Science Applications International Reports $98 Million Quarterly Profit

Dollar General Reports $191.2 Million Quarterly Profit

Adobe Reports $1.8 Billion Quarterly Profit

Dollar General Quarterly Earnings Expected to Decrease Despite Higher Revenue

Fed Reserve Rates in Spotlight as US Recession Fears Grow

Science Applications International Reports $98 Million Quarterly Profit

February Inflation Decline Fails to Calm Markets Amid Recession Fears

Dollar General Reports $191.2 Million Quarterly Profit

PepsiCo buys prebiotic soda brand Poppi to gain a foothold in functional drinks

Trump signs order to gut staff at Voice of America and other US-funded media organizations

Indonesia's cocoa farmers work with businesses to fight the bitter impact of climate change

Americans increased spending tepidly last month as anxiety over the economy takes hold

Kashmir's Sufi music lovers are sticking with the audio cassette

Education Department staff cuts could limit options for families of kids with disabilities

Gene Hackman and Betsy Arakawa's dog likely died of dehydration and starvation, report says

Dick Vitale tears up on ACC Championship broadcast while talking about recent cancer battle