Emerson is a global technology and software company that provides innovative solutions for customers in a wide range of end markets. Through its leading automation portfolio, Emerson helps process, hybrid and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. The company's portfolio management is focused on creating a cohesive, higher growth and higher margin industrial technology portfolio as a global automation leader serving a diversified set of end markets. Emerson's sales by geographic destination in 2024 were: the Americas, 50 percent; Asia, Middle East & Africa, 30 percent (China, 11 percent); and Europe, 20 percent.

• Employees: 73,000 (as of September 30, 2024)
• Geographic Footprint: Global, with primary operations in the Americas, Europe, and Asia.
• Headquarters: St. Louis, Missouri
• Founded: 1890
• Number of locations/facilities: Approximately 130 manufacturing locations worldwide
• Revenue: $17.492 billion (FY2024)
• Key Subsidiaries/Brands: Anderson Greenwood, Bettis, Crosby, Fisher, Keystone, KTM and Vanessa, Flexim, Micro Motion and Rosemount, Afag, Appleton, ASCO, Aventics, Branson, Movicon, PACSystems, SolaHD, TESCOM, TopWorx, Greenlee, Klauke, ProTeam and RIDGID, AMS, DeltaV and Ovation

• CEO: S. L. Karsanbhai (since February 2021)
• CFO: M. J. Baughman (since May 2023)
• Chief Operating Officer: R. R. Krishnan (since February 2021)
• Chief Sustainability Officer: M. H. Train (since March 2021)
• Chief Transformation and Chief Compliance Officer: L. A. Flavin (since March 2021)
• Chief Technology Officer: P. Zornio (since December 2022)
• Chief Marketing Officer: V. Ramnath (since June 2023)
• Chief People Officer: N. Piazza (since August 2023)
• Chief Legal Officer: M. Tang (since January 2024)

Key leaders have extensive experience in technology, finance, and operations. See the 10-K for full details.

• Annual Revenue: $17.492 billion (FY2024)
• Net Income: $1.968 billion (FY2024)
• Market Cap: $64.8 billion (as of March 31, 2024)
• Total Assets: $44.246 billion (as of September 30, 2024)
• Employees: 73,000 (as of September 30, 2024)
• Key Financial Highlights: Underlying sales were up 6 percent, and adjusted diluted earnings per share from continuing operations were $5.49.

Emerson offers a comprehensive automation portfolio, including:

• Intelligent Devices: Control valves, instrumentation, and discrete automation products.
• Software and Control: Control systems, software, and automated test and measurement systems.

Key brands include Fisher, Rosemount, and DeltaV.

Emerson operates through two main business groups:

• Intelligent Devices: Includes Final Control, Measurement & Analytical, Discrete Automation, and Safety & Productivity segments.
• Software and Control: Includes Control Systems & Software, Test & Measurement, and AspenTech segments.

See the 10-K for revenue breakdown by segment.

Emerson's strategy focuses on portfolio management, investing in innovation, and accelerating organic growth. Key initiatives include:

• Strategic acquisitions and divestitures to create a higher growth portfolio.
• Investing in disruptive measurement technologies and software-defined automation systems.
• Focusing on sustainability solutions and self-optimizing asset software.

The company is exploring strategic alternatives for its Safety & Productivity segment.

Emerson operates in highly competitive markets, competing on product performance, quality, branding, service, and price. Key competitors vary by product line. Management believes Emerson has a market leadership position in many of its product lines. The company is focused on delivering solutions to customers by manufacturing high-quality products at the best relevant global cost.

• Key Competitors: Various companies compete in one or more product lines.
• Industry Trends: The company is impacted by market and technological changes, including artificial intelligence, machine learning, and shifts in customer demand.

• Market Risks: Competitive pressures, changes in customer demand, and disruptions in relationships with independent sales representatives.
• Operational Risks: Supply chain disruptions, production issues, and dependence on facilities located outside the United States.
• Financial Risks: Volatility in capital markets, currency fluctuations, and potential for price increases in raw materials.
• Regulatory Risks: Compliance with environmental regulations, anti-corruption laws, and data privacy standards.