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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 4.37B | 1.2% |
Gross Profit | 987M | 48.2% |
Cost of Revenue | 3.38B | 7.4% |
Operating expense | 1.32B | 15.6% |
Net Income | 329M | 34.3% |
EBITDA | -331M | 50.2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 45.6B | 1.8% |
Total Liabilities | 24.8B | 3% |
Total Equity | 20.8B | 0.5% |
Shares Outstanding | 573M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 1.09B | 46.7% |
Cash from investing | -75M | 102.7% |
Cash from financing | -1.03B | 133% |
EPS
Financial Highlights for Emerson Electric in Q2 '24
Emerson Electric reported a revenue of 4.37B, which is a 1.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 987M, marking a 48.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.38B, a -7.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.32B, showing a -15.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 329M, showing a -34.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -331M, showing a 50.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Emerson Electric faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.