EMR
Active
Software and Control
Emerson Electric Co. - Business Unit
Provides software and control systems that help optimize operations across various industries through digital transformation.
Business Profile
Quick Actions
$5,399.0
Revenue (2024)
$282.0
Operating Income (2024)
5.22%
Operating Margin (2024)
$3,957.0
Order Backlog (2024)
Growth Metrics (Latest Year)
48.00%
Revenue Growth (YoY)
-33.18%
Operating Income Growth (YoY)
Financial Performance Trends
Revenue, Operating Income, EBITDA & Operating Margin
Orders & Order Backlog
Historical Financial Data
| Year | Revenue | Operating Income | Operating Margin | Orders | Order Backlog | EBITDA |
|---|---|---|---|---|---|---|
| 2024 | $5,399.0 | $282.0 | 5.22% | - | $3,957.0 | $1,354.0 |
| 2023 | $3,648.0 | $422.0 | 11.57% | - | $3,302.0 | $930.0 |
| 2022 | $3,054.0 | $449.0 | 14.70% | - | - | $708.0 |
Scroll horizontally to view commentary across multiple years
| Category |
2024
Latest
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2023
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2022
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|---|---|---|---|
| Year Highlights |
• Sales increased $1,751M, or 48%, to $5.4 billion
• Reflecting impact of Test & Measurement acquisition
• Underlying sales increased 8% (5% volume, 3% price)
• Earnings decreased $140M, or 33%, to $282M
• Margin decreased 6.4 percentage points to 5.2%
• Adjusted EBITDA increased $518M, or 55%, to $1,458M
• Adjusted EBITDA margin increased 1.2 percentage points to 27.0%
|
• Sales increased $594M, or 20%, to $3.6 billion
• Reflecting impact of Heritage AspenTech acquisition
• Underlying sales increased 10% (8% volume, 2% price)
• Earnings decreased $27M, or 6%, to $422M
• Margin decreased 3.1 percentage points to 11.6%
• Adjusted EBITDA increased $221M, or 31%, to $940M
• Adjusted EBITDA margin increased 2.3 percentage points to 25.8%
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| Revenue |
Sales increased $1,751M, or 48%, reflecting the impact of the Test & Measurement acquisition.
Underlying sales increased 8% on 5% higher volume and 3% higher price.
Geographic Performance:
• Americas: +8% (U.S. up 7%)
• Europe: +9%
• Asia, Middle East & Africa: +8% (China down 5%)
Segment Performance:
• Control Systems & Software: +$236M (+9%) - strong international demand in process and hybrid end markets, while power end markets were strong globally
• Test & Measurement: +$1,464M - reflecting Test & Measurement acquisition and maintenance and services revenue
• AspenTech: +$51M (+5%) - reflecting 8% increase in term contract value
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Sales increased $594M, or 20%, reflecting the impact of the Heritage AspenTech acquisition.
Underlying sales increased 10% on 8% higher volume and 2% higher price.
Geographic Performance:
• Americas: +7% (U.S. up 6%)
• Europe: +11%
• Asia, Middle East & Africa: +13% (China up 16%)
Segment Performance:
• Control Systems & Software: +$208M (+9%) - underlying sales increased 11%, reflecting global strength in process end markets while power end markets were up modestly
• Test & Measurement: Not acquired yet
• AspenTech: +$386M (+59%) - reflecting the Heritage AspenTech acquisition in May 2022
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| Margin & Earnings |
Earnings decreased $140M, or 33%, to $282M. Margin decreased 6.4 percentage points to 5.2%.
Key Drivers:
• Impact from $560M of incremental intangibles amortization related to Test & Measurement acquisition
• Partially offset by leverage on higher sales and higher price
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Earnings decreased $27M, or 6%, to $422M. Margin decreased 3.1 percentage points to 11.6%.
Key Drivers:
• Impact from $249M of incremental intangibles amortization related to the Heritage AspenTech acquisition
• Partially offset by leverage on higher sales, higher price and favorable mix
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| EBITDA |
Adjusted EBITDA increased $518M, or 55%, to $1,458M. Adjusted EBITDA margin was 27.0%, an increase of 1.2 percentage points, reflecting leverage on higher sales and higher price, partially offset by the impact of the Test & Measurement acquisition.
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Adjusted EBITDA increased $221M, or 31%, to $940M. Adjusted EBITDA margin was 25.8%, an increase of 2.3 percentage points, reflecting leverage on higher sales, higher price and favorable mix, partially offset by inflation and unfavorable foreign currency transactions.
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| Additional Notes |
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Regional Sales Breakdown 2024
Sales by Region
| Region | Sales ($M) | % of Total |
|---|---|---|
| AMEA | $1570 | 29.1% |
| Americas | $2516 | 46.6% |
| Europe | $1313 | 24.3% |
| Total | $5399 | 100% |
Regional Mix
Multi-Year Regional Trends
| Year | AMEA ($M) | Americas ($M) | Europe ($M) | Total ($M) |
|---|---|---|---|---|
| 2024 | $1570 | $2516 | $1313 | $5399 |
| 2023 | $1105 | $1729 | $815 | $3649 |
| 2022 | $885 | $1532 | $637 | $3054 |