Emerson Q3 Earnings Conference Call August 9, 2022
Recent Portfolio Announcements AC Q U I S I T I O N S DIVESTITURES AspenTech Transaction Closed May 16 InSinkErator Agreement to Sell Announced August 8 AspenTech Announces Agreement to Acquire End-to-End Software Leader for Mining…
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Recent Project Wins Highlight Emersons Leadership in the Energy Transition Emerson Chosen by Mitsubishi for Emerson Software and Emerson to Automate Albioma Worlds Largest Hydrogen Technologies Chosen to Automate Coal-Fired Power Plant…
Investments Show Emersons Continued Commitment to Regionalization, Factory Automation and Operational Excellence Emerson Opens New Emerson Inaugurates New Emerson Introduces New Professional Tools Facility in Integrated Manufacturing…
Q3 Results
2022 Q3 Significant Items ASPENTECH TRANSACTION On May 16, 2022, Emerson completed its transaction with AspenTech. In exchange for 55% ownership of the new AspenTech, Emerson contributed two business OSI and Geological Simulation…
2021 Q3 to 2022 Q3 Adjusted EPS* Bridge 0.08 1.38 0.09 0.02 Operations 0.09 55% of 1.19 Net AspenTech Earnings Stock Comp 0.08 Operations Interest Expense on Share Repurchase 0.02 3B of Debt to Fund Transaction (0.01) Tax…
Supply Chain Challenges Continue With Electronics and China Lockdowns Affecting the Quarter May Expectations Q3 Actual No operation in April Emerson elected for employees to stay home during lockdowns no forced closed-loop operations…
Full Year 2022 Outlook
Emerson Trailing Three-Month Underlying Orders Versus Prior Year APR MAY JUN Automation Solutions 16% 13% 13% Commercial & Residential Solutions 2% 3% 5% 60% 55% EMERSON 11% 9% 10% 50% 45% 40% 35% 30% 25% 20% 15% 10% 5%…
2022 Guidance ENVIRONMENT / May 2022 August 2022 KEY ASSUMPTIONS Guidance Guidance Net Sales Growth 8% 10% 7% 8% Acquisitions 0 pts 1-2 pts Divestitures 0 pts (1 pt) FX (1 pt) (2-3 pts) Order strength and backlog support Q4…
2022 Guidance Bridges GAAP EPS BRIDGE ADJUSTED EPS* BRIDGE May Guide GAAP EPS 4.77 4.92 May Guide Adjusted EPS* 4.95 5.10 Lowering Top End of Guide (0.05) Lowering Top End of Guide (0.05) Operations and Therm-O-Disc Operations…
2022 GAAP EPS to Adjusted EPS* Guidance GAAP EPS 5.25 5.35 Restructuring / Related Costs 0.20 Amortization of Intangibles 0.47 Gain on Subordinated Interest (0.60) Therm-O-Disc Divestiture (0.72) Russia Exit 0.29…
2022 Q3 World Area Underlying Sales Growth Commercial & Automation Residential Solutions Solutions Emerson Americas 12% 16% 14% Europe (2%) 6% 0% Asia, Middle East & Africa (3%) 5% (1%) China (2%) (18%) (6%) 4% 13% 7%…
Segment Details Reclassified Financials Following Emersons transaction with AspenTech, Emerson contributed two software businesses (OSI and Subsurface Science and Engineering, or SSE) to AspenTech. These businesses, previously reported…
Segment Details Reclassified Financials Following Emersons transaction with AspenTech, Emerson contributed two software businesses (OSI and Subsurface Science and Engineering, or SSE) to AspenTech. These businesses, previously reported…
Segment Details Reclassified Financials Following Emersons transaction with AspenTech, Emerson contributed two software businesses (OSI and Subsurface Science and Engineering, or SSE) to AspenTech. These businesses, previously reported…
AspenTech Contribution to Emerson 2022 Q3 Adjusted EBITA* The below illustrates how AspenTech reported financials flow into Emerson. Please note certain items are captured under Emerson corporate. AspenTech Reported Financials Emerson…
AspenTech Contribution to Emerson 2022 Q3 GAAP EPS The below illustrates how AspenTech reported financials flow into overall Emerson EPS. E m er s on E P S C ont r i but ion BEFORE TRANSACTION April 1, 2022 May 15, 2022 (OSI / SSE…
AspenTech Contribution to Emerson 2022 Q3 Adjusted EPS* The below illustrates how AspenTech reported financials flow into overall Emerson adjusted EPS*. BEFORE TRANSACTION AFTER TRANSACTION April 1, 2022 May 15, 2022 (OSI / SSE 100%…
Reconciliation of Non-GAAP Measures This information reconciles non-GAAP measures (denoted with a *) with the most directly comparable GAAP measure (dollars in millions, except per share amounts) Commercial Automation & Residential…
Reconciliation of Non-GAAP Measures This information reconciles non-GAAP measures (denoted with a *) with the most directly comparable GAAP measure (dollars in millions, except per share amounts) EBIT Q3 FY21 Q3 FY22 Pretax earnings…
Reconciliation of Non-GAAP Measures This information reconciles non-GAAP measures (denoted with a *) with the most directly comparable GAAP measure (dollars in millions, except per share amounts) Q3 Earnings Per Share Q3 FY21 Q3 FY22…
Reconciliation of Non-GAAP Measures This information reconciles non-GAAP measures (denoted with a *) with the most directly comparable GAAP measure (dollars in millions, except per share amounts) Business Segment EBIT Q3 FY21 Q3 FY22…
Reconciliation of Non-GAAP Measures This information reconciles non-GAAP measures (denoted with a *) with the most directly comparable GAAP measure (dollars in millions, except per share amounts) Pretax Earnings Q3 FY21 Q3 FY22 Change…
Reconciliation of Non-GAAP Measures This information reconciles non-GAAP measures (denoted with a *) with the most directly comparable GAAP measure (dollars in millions, except per share amounts) Corporate and Other Q3 FY21 Q3 FY22…
Reconciliation of Non-GAAP Measures This information reconciles non-GAAP measures (denoted with a *) with the most directly comparable GAAP measure (dollars in millions, except per share amounts) Automation Solutions Segment EBIT…
Reconciliation of Non-GAAP Measures This information reconciles non-GAAP measures (denoted with a *) with the most directly comparable GAAP measure (dollars in millions, except per share amounts) Q3 Cash Flow Q3 FY21 Q3 FY22 Change…
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