First Quarter 2015 Earnings Conference Call February 3, 2015 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…
First Quarter 2015 Highlights Net sales were unchanged at 5.6 billion, with underlying sales* up 6% Underlying sales increased in all segments, with Climate Technologies strongest Strong growth in North America and Latin America,…
First Quarter 2015 P&L Summary (M excl. EPS) 2014 2015 Chg. Sales 5,606 5,587 -- Underlying sales* up 6% Gross profit 2,236 2,280 2% Continued expansion from portfolio management and % of sales 39.9% 40.8% 90 bps efficiency…
First Quarter 2015 Underlying Sales Change United States 8% Europe 1% Asia 2% China 1% Latin America 15% Canada 21% Middle East/Africa -- Underlying sales* 6% Acquisitions -- pts Divestitures (3) pts FX (3) pts Net sales…
First Quarter 2015 Business Segment Earnings & Cash Flow (M) 2014 2015 Chg. Business segment EBIT* 825 864 5% Margin expansion led by Climate Technologies and % of sales* 14.4% 15.0% 60 bps Process Management aided by portfolio…
First Quarter 2015 Process Management Sales % Chg. vs. PY Segment Results NA 9% (M) 2014 2015 Chg. Asia 1% Sales 2,041 2,099 3% China 3% FX (3) pts Europe 4% LAM 26% MEA (1)% EBIT 373 392 5% Underlying* 6% % of sales 18.3% 18.7%…
First Quarter 2015 Industrial Automation Sales % Chg. vs. PY Segment Results NA 13% (M) 2014 2015 Chg. Asia 5% Sales 1,149 1,152 --% China 6% FX (4) pts Europe (8%) LAM 7% MEA (10%) EBIT 162 164 1% Underlying* 4% % of sales…
First Quarter 2015 Network Power Sales % Chg. vs. PY Segment Results NA 1% (M) 2014 2015 Chg. Asia -- Sales 1,303 1,119 (14%) China (1%) Divestitures (12) pts Europe 13% FX (3) pts LAM (18%) MEA (8%) EBIT 83 79 (5%) Underlying*…
First Quarter 2015 Climate Technologies Sales % Chg. vs. PY Segment Results NA 26% (M) 2014 2015 Chg. Asia 2% Sales 786 900 15% China (3%) FX (2) pts Europe (3%) LAM 39% MEA 31% EBIT 107 126 18% Underlying* 17% % of sales 13.6%…
First Quarter 2015 Commercial & Residential Solutions Sales % Chg. vs. PY Segment Results NA 4% (M) 2014 2015 Chg. Asia (2%) Sales 466 480 3% China (12%) FX (1) pts Europe (2%) LAM 6% MEA 24% EBIT 100 103 3% Underlying* 4% % of…
Fiscal Year 2015 Outlook Global macroeconomic environment is mixed with favorable trends in North America with contrasting weakness in Europe and emerging markets Strength of the U.S. dollar is a significant headwind for 2015…
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 & Q1…