EMERSON ELECTRIC CO

Emerson Q3 FY26 – Strong Growth Verticals and Raised Full-Year Guidance

• Strength Underlying sales grew 6%, exceeding expectations.
• Watch Middle East conflict resulted in a $25 million revenue headwind in Q3, with a similar impact expected in Q4.

Emerson Q2 FY26 — Middle East conflict masks healthy underlying demand and software-led orders momentum

• Strength Underlying orders grew 5%, led by Software & Systems (+18%): Test & Measurement orders +18%, Control Systems & Software orders +18%, Ovation orders +41%, and AspenTech digital grid management ACV +31%
• Watch Middle East conflict cut underlying sales by 1 point (~$50M in the quarter) and is expected to remain a 1-point headwind for full-year FY26, prompting a cut to full-year underlying growth to ~3%

Emerson Q1 FY26 — Strong Orders and Margin Beat Driven by Growth Verticals

• Strength Underlying orders grew 9% in Q1, marking four consecutive quarters of strong growth.
• Watch A software contract renewal dynamic adversely impacted Q1 sales growth by approximately 1%, adjusted segment EBITDA margin by 70 basis points, and EPS by $0.06.

Emerson Electric Co. Q4 FY25 — Strong Operational Execution and Robust Orders

• Strength Underlying orders grew 6% in Q4 FY25, marking the third consecutive quarter of mid-single-digit growth.
• Watch Underlying sales for FY25 grew 3%, slightly below expectations due to softer demand in Europe and China.

Emerson Electric Co. Q3 FY25 — Strong Order Growth and AI Innovation Drive Performance

• Strength Adjusted EPS of $1.52 met the top end of guidance.
• Watch Underlying sales growth of 3% fell short of guidance, driven primarily by easing surcharges due to an improved tariff environment.

Emerson Q2 FY25 — Strong Orders and Record Margins, AspenTech Integration Complete

• Strength Underlying orders grew 4% in Q2, exceeding expectations with all regions positive, including China.
• Watch Anticipated gross tariff exposure of $245 million in 2025 from US import and China retaliatory tariffs.

Emerson Q1 FY25 — Strong Operational Performance Offsets FX Headwinds

• Strength Adjusted EPS exceeded expectations at $1.38, up 13% year-over-year.
• Watch Foreign exchange movements created a $350 million headwind on GAAP net sales guidance and unfavorably impacted adjusted EPS by approximately $0.08.