Third Quarter 2014 Earnings Conference Call August 5, 2014 Safe Harbor Statement Our commentary and responses to your questions may contain forward-looking statements, including our outlook for the remainder of the year, and Emerson…
Third Quarter 2014 Highlights Net sales decreased 1% to 6.3 billion, with underlying sales* up 3% Global economic conditions mixed, as areas of softness continued Improvement in mature markets, up 3%, led by U.S. and Europe…
Third Quarter 2014 P&L Summary (M excl. EPS) 2013 2014 Chg. Sales 6,344 6,312 (1%) Underlying sales* up 3% Gross profit 2,568 2,638 3% Margin improvement from portfolio changes and cost % of sales 40.5% 41.8% 130 bps containment…
Third Quarter 2014 Underlying Sales Change United States 5% Europe 4% Asia 3% China 8% Latin America 1% Canada (3%) Middle East/Africa (9%) Underlying sales* 3% Acquisitions 1 pt Artesyn divestiture (5) pts Net sales…
Third Quarter 2014 Business Segment Earnings & Cash Flow (M) 2013 2014 Chg. Business segment EBIT* 1,129 1,152 2% Margin expansion by Industrial Automation, % of sales* 17.2% 17.7% 50 bps Network Power, and Commercial &…
Third Quarter 2014 Process Management Sales % Chg. vs. PY Segment Results NA 7% (M) 2013 2014 Chg. Asia (2%) Sales 2,182 2,317 6% China 7% Acquisitions +4 pts Europe 5% LAM 5% MEA (11%) EBIT 470 473 1% Underlying* 2% % of sales…
Third Quarter 2014 Industrial Automation Sales % Chg. vs. PY Segment Results NA 0% (M) 2013 2014 Chg. Asia 3% Sales 1,277 1,289 1% China 7% FX +1 pt Europe (5%) LAM 6% MEA 4% EBIT 206 214 4% Underlying* 0% % of sales 16.1% 16.6%…
Third Quarter 2014 Network Power Sales % Chg. vs. PY Segment Results NA 2% (M) 2013 2014 Chg. Asia 6% Sales 1,506 1,237 (18%) China 6% Artesyn divestiture (20 pts) Europe 10% LAM (22%) MEA (16%) EBIT 122 107 (12%) Underlying* 2%…
Third Quarter 2014 Climate Technologies Sales % Chg. vs. PY Segment Results NA 4% (M) 2013 2014 Chg. Asia 9% Sales 1,119 1,191 6% China 16% Europe 9% LAM 16% MEA 2% EBIT 235 250 7% Underlying* 6% % of sales 21.0% 21.0%…
Third Quarter 2014 Commercial & Residential Solutions Sales % Chg. vs. PY Segment Results NA 4% (M) 2013 2014 Chg. Asia (1%) Sales 472 492 4% China 10% Europe 15% LAM (7%) MEA (8%) EBIT 96 108 12% Underlying* 4% % of sales 20.4%…
Fiscal Year 2014 Outlook Despite areas of ongoing uncertainty, global economic momentum continues to improve gradually in an overall mixed environment Mature market momentum is encouraging and should continue to improve…
Reconciliation of Non-GAAP Measures & Other This information reconciles non-GAAP measures (denoted with a *) with the most directly comparable GAAP measure (M except per share amounts). Process Industrial Network Climate Comm & Sales…