Test & Measurement
Emerson Electric Co. - Product Line
As discussed above, Emerson completed the acquisition of NI on October 11, 2023. This business is now referred to as Test & Measurement and is reported as a new segment in the Software and Control business group in 2024. Test & Measurement provides software-connected automated test and measurement systems that enable enterprises to bring products to market faster and at a lower cost. The Test & Measurement business spans the full range of customer needs including modular instrumentation, data acquisition and control solutions, and general-purpose development software.
Business Profile
Primary Products
Modular instrumentation, data acquisition and control solutions, general-purpose development software, automated test and measurement systems
Target Markets
Manufacturing enterprises across multiple industries requiring test and measurement capabilities
Operations
Key Locations
Manufacturing and R&D facilities supporting automated test and measurement systems, primarily from National Instruments acquisition.
Quick Actions
Financial Performance Trends
Revenue, Operating Income, EBITDA & Operating Margin
Historical Financial Data
| Year | Revenue | Operating Income | Operating Margin | EBITDA |
|---|---|---|---|---|
| 2024 | $1,464.0 | $-290.0 | -19.81% | $270.0 |
Scroll horizontally to view commentary across multiple years
| Category |
2024
Latest
|
|---|---|
| Year Highlights |
• Sales of $1.5 billion from acquisition
• Negative operating earnings of $290M
• Impacted by $560M intangibles amortization
• Positive EBITDA of $270M
|
| Revenue |
Sales were $1,464M, reflecting the Test & Measurement acquisition completed in October 2023 and maintenance and services revenue.
|
| Margin & Earnings |
Earnings were $(290)M, reflecting the impact from $560M of incremental intangibles amortization related to the acquisition. Before amortization impact, the segment generated positive EBITDA of $270M.
|
| EBITDA |
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| Additional Notes |
Note: Test & Measurement was acquired in October 2023 (National Instruments), so 2023 results are not applicable as it was not part of Emerson for the full year.
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Regional Sales Breakdown 2024
Sales by Region
| Region | Sales ($M) | % of Total |
|---|---|---|
| AMEA | $389 | 26.6% |
| Americas | $654 | 44.7% |
| Europe | $421 | 28.8% |
| Total | $1464 | 100% |