Emerson Electric (EMR) Revenue — Quarter Ended Mar 31, 2024
Emerson Electric reported higher revenue for the quarter compared with both the prior quarter and the same period last year. The increase was supported by the recent acquisition of National Instruments.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q2
Emerson Electric reported higher revenue for the quarter compared with both the prior quarter and the same period last year. The increase was supported by the recent acquisition of National Instruments.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
+6.3%
Change from the immediately preceding quarter.
Year-over-year
+16.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $3.9B | +13.9% |
| Sep 30, 2023 | $4.1B | +5.1% |
| Dec 31, 2023 | $4.1B | +22.1% |
| Mar 31, 2024 | $4.4B | +16.5% |
Revenue performance
The company's net sales rose, driven by underlying business growth and contributions from the Test & Measurement segment.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved. When measured against the same quarter one year earlier, revenue also showed an increase.
What to watch
The integration of the Test & Measurement acquisition and its effect on overall revenue growth will be closely observed.