Emerson Electric
22 named things its latest annual report says its results depend on, each in the company's own words. 15 of them are also named by other companies we've read.
Partners and platforms
Independent sales representatives and distributors
depends onnamed as a riskAny disruption or adverse change in our relationships with these independent sales representatives could weaken our competitive position and adversely affect our results of operations, cash flows and financial condition.Risk factors (Item 1A)
Other companies
Aspen Technology (AspenTech)
approximately $7.2 billionnamed as a riskOn March 12, 2025, Emerson completed its purchase of the remaining outstanding shares of common stock of AspenTech not already owned by the Company for approximately $7.2 billion.Business (Item 1)
National Instruments Corporation (NI)
$8.2 billionnamed as a riskOn October 11, 2023, the Company completed the acquisition of National Instruments Corporation ("NI") at an equity value of $8.2 billion.Business (Item 1)
Copeland
$1.5 billionSubsequently, in August 2024, Emerson sold its 40 percent non-controlling common equity interest in Copeland to private equity funds managed by Blackstone for $1.5 billion and sold the note receivable to Copeland for $1.9 billion.Business (Item 1)
Places
Emerging markets
earns from · over one-third of total salesnamed as a riskEmerging market sales represent over one-third of total sales and serving a global customer base requires that we place more materials sourcing and production in emerging markets to capitalize on market opportunities and maintain a best-cost position.Risk factors (Item 1A)
Also named by ABT, AVY, BEN, BGC, C, FIS, MDLZ, SWK and 1 more
Non-U.S. manufacturing facilities
concentrated in · a majoritynamed as a riskWe manage businesses with manufacturing facilities worldwide, a majority of which are located outside the United States, and also source certain materials globally.Risk factors (Item 1A)
China
earns from · 10 percentSales by geographic destination in 2025 were: the Americas, 51 percent; Asia, Middle East & Africa, 30 percent (China, 10 percent); and Europe, 19 percent.Business (Item 1)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Europe
earns from · 19 percentSales by geographic destination in 2025 were: the Americas, 51 percent; Asia, Middle East & Africa, 30 percent (China, 10 percent); and Europe, 19 percent.Business (Item 1)
Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more
Americas
earns from · 51 percentSales by geographic destination in 2025 were: the Americas, 51 percent; Asia, Middle East & Africa, 30 percent (China, 10 percent); and Europe, 19 percent.Business (Item 1)
Also named by BLK, CYRX, DELL, FDS, FICO, GGG, GS, HLIO and 6 more
Asia, Middle East & Africa
earns from · 30 percentSales by geographic destination in 2025 were: the Americas, 51 percent; Asia, Middle East & Africa, 30 percent (China, 10 percent); and Europe, 19 percent.Business (Item 1)
Hazards
Russia-Ukraine war
named as a riskOur and our suppliers’ non-U.S. production facilities and operations could be disrupted by weather and natural disaster (including the potential effects of climate change), labor strife, war (including the Russia-Ukraine and other global conflicts), political unrest, terrorist activity or public health concerns such as an epidemic or pandemic, particularly in emerging countries that are not well-equipped to handle such occurrences.Risk factors (Item 1A)
Also named by ADSK, ATR, AVAV, CSCO, CTVA, FIS, FLO, FND and 21 more
Asbestos product liability
named as a riskWe are, and may in the future be, a party to a number of legal proceedings and claims, including those involving intellectual property, commercial transactions, government contracts, the integration of emerging technologies (for example, artificial intelligence and machine learning, among others), M&A, employment, employee benefit plans, antitrust, anti-corruption, accounting, import and export, health and safety matters, product liability (including asbestos) and environmental matters, several of which claim, or may in the future claim, significant damages.Risk factors (Item 1A)
Commodities and inputs
Steel
exposed to its pricenamed as a riskOur major requirements for raw materials include steel, cast iron, electronics, rare earth metals, aluminum, brass and, to a lesser extent, plastics and petroleum-based chemicals.Risk factors (Item 1A)
Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more
Aluminum
exposed to its pricenamed as a riskOur major requirements for raw materials include steel, cast iron, electronics, rare earth metals, aluminum, brass and, to a lesser extent, plastics and petroleum-based chemicals.Risk factors (Item 1A)
Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more
Brass
exposed to its pricenamed as a riskOur major requirements for raw materials include steel, cast iron, electronics, rare earth metals, aluminum, brass and, to a lesser extent, plastics and petroleum-based chemicals.Risk factors (Item 1A)
Rare earth metals
exposed to its pricenamed as a riskOur major requirements for raw materials include steel, cast iron, electronics, rare earth metals, aluminum, brass and, to a lesser extent, plastics and petroleum-based chemicals.Risk factors (Item 1A)
Cast iron
exposed to its pricenamed as a riskOur major requirements for raw materials include steel, cast iron, electronics, rare earth metals, aluminum, brass and, to a lesser extent, plastics and petroleum-based chemicals.Risk factors (Item 1A)
Electronics components
depends onnamed as a riskOur major requirements for raw materials include steel, cast iron, electronics, rare earth metals, aluminum, brass and, to a lesser extent, plastics and petroleum-based chemicals.Risk factors (Item 1A)
Also named by GNTX
Laws and programs
U.S. Foreign Corrupt Practices Act
subject tonamed as a riskIn particular, the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act and similar anti-bribery laws in other jurisdictions generally prohibit companies and their intermediaries from making improper payments to government officials for the purpose of obtaining or retaining business, and we operate in many parts of the world that have experienced government corruption to some degree.Risk factors (Item 1A)
Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more
OECD global minimum tax (Pillar Two)
subject tonamed as a riskThe Company’s effective tax rate, cash flows and operating results could be affected by changes in the mix of earnings in countries with different statutory tax rates, as well as by changes in the local tax laws and regulations, or the interpretations thereof, including multiple, overlapping tax regimes enacted as part of the Organization for Economic Cooperation and Development proposals that implement a global minimum tax.Risk factors (Item 1A)
Also named by AAPL, APP, ARW, AXP, BAC, BALL, CB, CBRE and 15 more
U.S. tariffs and trade policy
subject tonamed as a riskThe recent changes in U.S. trade policy involving the application or increase of tariffs and the subsequent retaliatory measures against the U.S. have created a dynamic environment that may have a material adverse impact on our business.Risk factors (Item 1A)
Also named by ADSK, CTAS, EXP, FDX, FLR, GWW, HPE, ITW and 8 more
U.K. Bribery Act
subject tonamed as a riskIn particular, the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act and similar anti-bribery laws in other jurisdictions generally prohibit companies and their intermediaries from making improper payments to government officials for the purpose of obtaining or retaining business, and we operate in many parts of the world that have experienced government corruption to some degree.Risk factors (Item 1A)