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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.

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As of August 7, 2024 end of day trading.

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 Revenues48.97 50.53 47.95 
Profit as % of Assets33.67 23.46 2.14 
Profit as % of Stockholder Equity49.63 35.46 4.44 
Return on Equity49.63 35.46 4.44 
Return on Assets30.88 21.20 2.13 
Turnover Ratio0.39 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 
 
USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although we take care to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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