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What is Emerson about?

Emerson has applied an income smoothing strategy over the years to maintain earnings growth. This strategy, along with excellent management decisions, has led to stable increasing earnings trends. In good years, Emerson records higher expense accruals to reduce future losses, while in bad years it records lower expenses and increases net income. Year 5 may have been when Emerson drew upon hidden reserves, as the small earnings increase that year likely came from reserves built in previous years.

Author

Remie Hadchiti

Language

EN