エマソンエレクトリックの適時開示・決算・その他

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_______________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15 (d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event

reported): August 4, 2026

Emerson Electric Co.

-------------------------------------------------

(Exact Name of Registrant as Specified in Charter)


Missouri	1-278	43-0259330
--------------------------------- (State or Other Jurisdiction of Incorporation)	------------------- (Commission	--------------------------- (I.R.S. Employer Identification Number)
	File Number)


8027 Forsyth Blvd.
St. Louis,	Missouri	63105
------------------------------------------------ (Address of Principal Executive Offices)		------------------ (Zip Code)

Registrant’s telephone number, including area code:

(314) 553-2000

------------------------------------------

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock of $0.50 par value per share	EMR	New York Stock Exchange
		NYSE Texas
2.000% Notes due 2029	EMR 29	New York Stock Exchange
3.000% Notes due 2031	EMR 31A	New York Stock Exchange
3.500% Notes due 2037	EMR 37	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

Quarterly Results Press Release

On Tuesday, August 4, 2026, a press release was issued regarding the third quarter results of Emerson Electric Co. (the “Company”). A copy of this press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.

References to underlying orders in the press release refer to the Company's trailing three-month average orders growth versus the prior year, excluding currency, and significant acquisitions and divestitures.

Non-GAAP Financial Measures

The press release contains non-GAAP financial measures as such term is defined in Regulation G under the rules of the Securities and Exchange Commission. While the Company believes these non-GAAP financial measures are useful in evaluating the Company, this information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Further, these non-GAAP financial measures may differ from similarly titled measures presented by other companies. The reasons management believes that these non-GAAP financial measures provide useful information are set forth in the Company’s most recent Form 10-K filed with the Securities and Exchange Commission and in the press release furnished with this Form 8-K.

Forward-Looking and Cautionary Statements

Statements in the press release that are not strictly historical may be “forward-looking” statements, which represent management’s expectations, based on currently available information. Actual results, performance or achievements could differ materially from those expressed in any forward-looking statement. Any forward-looking statements in the press release speak only as of the date of the press release. Emerson undertakes no obligation to update any such statements to reflect new information or later developments. Examples of risks and uncertainties that may cause our actual results or performance to be materially different from those expressed or implied by forward-looking statements include the scope, duration and ultimate impacts of the Russia-Ukraine, Middle East and other global conflicts, as well as economic and currency conditions, market demand, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, inflation, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC. The outlook contained herein represents the Company's expectation for its consolidated results, other than as noted herein.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.


Exhibit Number						Description of Exhibits

99.1						Emerson's August 4 , 2026 press release announcing third quarter results.
104						Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


		EMERSON ELECTRIC CO. (Registrant)

Date:	August 4, 2026	By:	/s/ John A. Sperino
			John A. Sperino Vice President and Assistant Secretary

EX-99.1 2 a2026q3release_ex991.htm EX-99.1 Document

Exhibit 99.1

Emerson Reports Third Quarter 2026 Results; Raises 2026 Outlook

ST. LOUIS, August 4, 2026 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its third quarter ended June 30, 2026 and updated its full year outlook for fiscal 2026. Emerson also declared a quarterly cash dividend of $0.555 per share of common stock payable September 10, 2026 to stockholders of record on August 14, 2026.


(dollars in millions, except per share)	2025 Q3	2026 Q3	Change
Underlying Orders2			7%
Net Sales	$4,553	$4,873	7%
Underlying Sales3			6%
Pretax Earnings	$734	$916
Margin	16.1%	18.8%	270 bps
Adjusted Segment EBITA4	$1,232	$1,387
Margin	27.1%	28.5%	140 bps
GAAP Earnings Per Share	$1.03	$1.28	24%
Adjusted Earnings Per Share5	$1.52	$1.71	13%
Operating Cash Flow	$1,062	$1,425	34%
Free Cash Flow	$970	$1,323	36%

Management Commentary

“Emerson had an outstanding third quarter with sales, margin expansion, earnings and cash flow all exceeding expectations," said Emerson President and Chief Executive Officer Lal Karsanbhai. "Demand was robust, with underlying orders up 7%, led by Software & Systems and broad-based growth in North America and Asia. The conflict in the Middle East remains fluid, and I am proud of our team's ability to deliver results and support our customers around the world."

Karsanbhai continued, "We are raising our full year guidance, reflecting our strong third quarter performance and healthy demand. Secular tailwinds continue to support sustained investment in our growth verticals and provide a solid foundation as we finish 2026 and look ahead to 2027."

2026 Outlook

The following tables summarize the fiscal year 2026 guidance framework. As we pivot capital allocation to returning cash to shareholders, the 2026 outlook assumes returning ~$2.2B through ~$1B share repurchases and ~$1.2B of dividends.


Guidance figures are approximate.	2026 Q4	2026
Net Sales Growth	~5%	~5%
Underlying Sales Growth	~5%	~3.5%
Earnings Per Share	~$1.45	~$4.89
Amortization of intangibles	~$0.34	~$1.39
Restructuring and related costs	~$0.03	~$0.24
Acquisition/divestiture fees and related costs	~$0.01	~$0.09
Discrete taxes	~$0.02	~$0.05
IEEPA tariff refunds	-	~($0.11)
Adjusted Earnings Per Share	~$1.85	~$6.55
Operating Cash Flow		~$4.1B
Free Cash Flow		~$3.6B

1 Results are presented on a continuing operations basis.

2 Underlying orders do not include AspenTech.

3 Underlying sales excludes the impact of currency translation, and significant acquisitions and divestitures.

4 Adjusted segment EBITA represents segment earnings excluding restructuring and intangibles amortization expense.

5 Adjusted EPS excludes intangibles amortization expense, restructuring and related costs, first year purchase accounting related items and transaction-related costs, discrete taxes and certain gains, losses or impairments.

Page 2

Conference Call

Today, beginning at 3:30 p.m. Central Time / 4:30 p.m. Eastern Time, Emerson management will discuss the third quarter results during an investor conference call. Participants can access a live webcast available at https://ir.emerson.com at the time of the call. A replay of the call will be available for 90 days. Conference call slides will be posted in advance of the call on the company website.

About Emerson

Emerson (NYSE: EMR) is a global automation leader delivering solutions for the most demanding technology challenges. Headquartered in St. Louis, Missouri, Emerson is engineering the autonomous future, enabling customers to optimize operations and accelerate innovation. For more information, visit Emerson.com.

Forward-Looking and Cautionary Statements

Statements in this press release that are not strictly historical may be “forward-looking” statements, which represent management’s expectations, based on currently available information. Actual results, performance or achievements could differ materially from those expressed in any forward-looking statement. Any forward-looking statements in this press release speak only as of the date of this press release. Emerson undertakes no obligation to update any such statements to reflect new information or later developments. Examples of risks and uncertainties that may cause our actual results or performance to be materially different from those expressed or implied by forward looking statements include the scope, duration and ultimate impacts of the Russia-Ukraine, Middle East and other global conflicts, as well as economic and currency conditions, market demand, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, inflation, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC. The outlook contained herein represents the Company's expectation for its consolidated results, other than as noted herein.

Emerson uses our Investor Relations website, https://ir.emerson.com, as a means of disclosing information

which may be of interest or material to our investors and for complying with disclosure obligations under Regulation

FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases,

SEC filings, public conference calls, webcasts and social media. The information contained on, or that may be

accessed through, our website is not incorporated by reference into, and is not a part of, this document.


Investors:			Media:
Doug Ashby			Joseph Sala / Greg Klassen
(314) 553-2197			Joele Frank, Wilkinson Brimmer Katcher
			(212) 355-4449

(tables attached)

Page 3


							Table 1
EMERSON AND SUBSIDIARIES
CONSOLIDATED OPERATING RESULTS
(AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED)

	Quarter Ended June 30,				Nine Months Ended June 30,

	2025		2026		2025		2026

Net sales	$	4,553	$	4,873	$	13,161	$	13,781
Cost of sales	2,160		2,218		6,161		6,393
SG&A expenses	1,266		1,343		3,773		3,902
Other deductions, net	298		311		944		744
Interest expense, net	95		85		145		258
Earnings from continuing operations before income taxes	734		916		2,138		2,484
Income taxes	154		198		536		542
Earnings from continuing operations	580		718		1,602		1,942
Discontinued operations, net of tax	6		—		7		—
Net earnings	586		718		1,609		1,942
Less: Noncontrolling interests in subsidiaries	—		—		(48)		1
Net earnings common stockholders	$	586	$	718	$	1,657	$	1,941

Earnings common stockholders
Earnings from continuing operations	580		718		1,650		1,941
Discontinued operations	6		—		7		—
Net earnings common stockholders	$	586	$	718	$	1,657	$	1,941

Diluted avg. shares outstanding	564.7		561.1		567.1		562.7

Diluted earnings per share common stockholders
Earnings from continuing operations	$	1.03	$	1.28	$	2.91	$	3.45
Discontinued operations	0.01		—		0.01		—
Diluted earnings per common share	$	1.04	$	1.28	$	2.92	$	3.45


	Quarter Ended June 30,				Nine Months Ended June 30,

	2025		2026		2025		2026
Other deductions, net
Amortization of intangibles	$	219	$	204	$	677	$	613
Restructuring costs	37		87		70		141
Other	42		20		197		(10)
Total	$	298	$	311	$	944	$	744

Page 4


			Table 2
EMERSON AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(DOLLARS IN MILLIONS, UNAUDITED)


	Sept 30, 2025		June 30, 2026
Assets
Cash and equivalents	$	1,544	$	2,180
Receivables, net	3,101		3,057
Inventories	2,213		2,513
Other current assets	1,725		1,905
Total current assets	8,583		9,655
Property, plant & equipment, net	2,871		2,861
Goodwill	18,193		18,122
Other intangible assets	9,458		8,686
Other	2,859		2,884
Total assets	$	41,964	$	42,208

Liabilities and equity
Short-term borrowings and current maturities of long-term debt	$	4,797	$	5,587
Accounts payable	1,384		1,613
Accrued expenses	3,616		3,572
Total current liabilities	9,797		10,772
Long-term debt	8,319		7,526
Other liabilities	3,550		3,516
Equity
Common stockholders' equity	20,282		20,379
Noncontrolling interests in subsidiaries	16		15
Total equity	20,298		20,394
Total liabilities and equity	$	41,964	$	42,208

Page 5


				Table 3
EMERSON AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(DOLLARS IN MILLIONS, UNAUDITED)

	Nine Months Ended June 30,
		2025		2026
Operating activities
Net earnings		$	1,609	$	1,942
Earnings from discontinued operations, net of tax		(7)		—
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization		1,139		1,105
Stock compensation		198		181


Changes in operating working capital		(80)		(320)
Other, net		(195)		(6)
Cash from continuing operations		2,664		2,902
Cash from discontinued operations		(576)		—
Cash provided by operating activities		2,088		2,902

Investing activities
Capital expenditures		(263)		(284)
Purchases of businesses, net of cash and equivalents acquired		(36)		—


Other, net		(94)		(38)


Cash used in investing activities		(393)		(322)

Financing activities
Net increase in short-term borrowings		1,419		1,434
Proceeds from short-term borrowings greater than three months		5,292		6,229
Payments of short-term borrowings greater than three months		(1,349)		(7,028)
Proceeds from long-term debt		1,544		—
Payments of long-term debt		(503)		(588)
Dividends paid		(895)		(935)
Purchases of common stock		(1,147)		(898)


Purchase of noncontrolling interest		(7,244)		—
Settlement of AspenTech share awards		(76)		—
Other, net		(60)		(134)
Cash used in financing activities		(3,019)		(1,920)

Effect of exchange rate changes on cash and equivalents		(45)		(24)
Increase (decrease) in cash and equivalents		(1,369)		636
Beginning cash and equivalents		3,588		1,544
Ending cash and equivalents		$	2,219	$	2,180

Page 6


									Table 4
EMERSON AND SUBSIDIARIES
SEGMENT SALES AND EARNINGS
(DOLLARS IN MILLIONS, UNAUDITED)

The following tables show results for the Company's segments on an adjusted segment EBITA basis and are intended to supplement the Company's results of operations, including its segment earnings which are defined as earnings before interest and taxes. The Company defines adjusted segment and total segment EBITA as segment earnings excluding intangibles amortization expense, and restructuring and related expense. Adjusted segment and total segment EBITA, and adjusted segment and total segment EBITA margin are measures used by management and may be useful for investors to evaluate the Company's segments' operational performance.


	Quarter Ended June 30,
	2025		2026		Reported		Underlying
Sales
Control Systems & Software	$	1,120	$	1,199	7	%	7	%
Test & Measurement	360		445		23	%	23	%
Software & Systems	$	1,480	$	1,644	11	%	11	%

Sensors	1,013		1,091		8	%	7	%
Final Control	1,522		1,586		4	%	3	%
Intelligent Devices	$	2,535	$	2,677	6	%	5	%

Safety & Productivity	$	538	$	552	3	%	2	%

Total	$	4,553	$	4,873	7	%	6	%


Sales Growth by Geography
	Quarter Ended June 30,
Americas	8	%
Europe	(1)	%
Asia, Middle East & Africa	8	%

Page 7


									Table 4 cont.


	Nine Months Ended June 30,
	2025		2026		Reported		Underlying

Sales
Control Systems & Software	$	3,235	$	3,332	3	%	2	%
Test & Measurement	1,077		1,268		18	%	15	%
Software & Systems	$	4,312	$	4,600	7	%	5	%

Sensors	2,986		3,111		4	%	2	%
Final Control	4,315		4,469		4	%	2	%
Intelligent Devices	$	7,301	$	7,580	4	%	2	%

Safety & Productivity	$	1,548	$	1,601	3	%	2	%

Total	$	13,161	$	13,781	5	%	3	%


Sales Growth by Geography
	Nine Months Ended June 30,
Americas	6	%
Europe	(1)	%
Asia, Middle East & Africa	1	%

Page 8


									Table 4 cont.


	Quarter Ended June 30,						Quarter Ended June 30,
	2025						2026
	As Reported (GAAP)			Adjusted EBITA (Non-GAAP)			As Reported (GAAP)			Adjusted EBITA (Non-GAAP)
Earnings
Control Systems & Software	$	271		$	393		$	285		$	391
Margins	24.2		%	35.2		%	23.8		%	32.6		%
Test & Measurement	(26)			81			11			132
Margins	(7.2)		%	22.4		%	2.6		%	29.6		%
Software & Systems	$	245		$	474		$	296		$	523
Margins	16.6		%	32.1		%	18.0		%	31.8		%

Sensors	246			259			303			323
Margins	24.2		%	25.5		%	27.7		%	29.7		%
Final Control	351			389			349			424
Margins	23.1		%	25.5		%	22.0		%	26.7		%
Intelligent Devices	$	597		$	648		$	652		$	747
Margins	23.5		%	25.5		%	24.3		%	27.9		%

Safety & Productivity	$	103		$	110		$	93		$	117
Margins	19.2		%	20.4		%	16.9		%	21.2		%

Corporate items and interest expense, net:
Stock compensation	(71)			(45)			(68)			(64)
Unallocated pension and postretirement costs	27			27			29			29
Corporate and other	(72)			(31)			(1)			(49)
Interest expense, net	(95)			—			(85)			—
Pretax Earnings / Adjusted EBITA	$	734		$	1,183		$	916		$	1,303
Margins	16.1		%	26.0		%	18.8		%	26.7		%

Supplemental Total Segment Earnings:
Adjusted Total Segment EBITA				$	1,232					$	1,387
Margins				27.1		%				28.5		%

Page 9


									Table 4 cont.


	Quarter Ended June 30,					Quarter Ended June 30,
	2025					2026
	Amortization of Intangibles1		Restructuring and Related Costs2			Amortization of Intangibles1		Restructuring and Related Costs2
Control Systems & Software	$	114	$	8		$	100	$	6
Test & Measurement	107		—			108		13
Software & Systems	$	221	$	8		$	208	$	19

Sensors	11		2			11		9
Final Control	30		8			27		48
Intelligent Devices	$	41	$	10		$	38	$	57

Safety & Productivity	$	7	$	—		$	7	$	17

Corporate	—		23		3	—		6
Total	$	269	$	41		$	253	$	99

1 Amortization of intangibles includes $50 and $49 reported in cost of sales for the three months ended June 30, 2025 and 2026, respectively.
2 Restructuring and related costs includes $4 and $12 reported in cost of sales and selling, general and administrative expenses for the three months ended June 30, 2025 and 2026, respectively.
3 Corporate restructuring and related costs of $23 for the three months ended June 30, 2025 includes $20 related to integration-related stock compensation expense attributable to AspenTech.



	Quarter Ended June 30,
Depreciation and Amortization	2025		2026
Control Systems & Software	$	135	$	128
Test & Measurement	119		120
Software & Systems	254		248

Sensors	32		34
Final Control	56		56
Intelligent Devices	88		90

Safety & Productivity	19		27

Corporate	11		12
Total	$	372	$	377

Page 10


									Table 5


EMERSON AND SUBSIDIARIES
ADJUSTED CORPORATE AND OTHER SUPPLEMENTAL
(DOLLARS IN MILLIONS, UNAUDITED)

The following table shows the Company's stock compensation and corporate and other expenses on an adjusted basis. The Company's definition of adjusted stock compensation excludes integration-related stock compensation expense. The Company's definition of adjusted corporate and other excludes corporate restructuring and related costs, first year purchase accounting related items and transaction fees, and certain gains, losses or impairments. This metric is useful for reconciling from total adjusted segment EBITA to the Company's consolidated adjusted EBITA.


	Quarter Ended June 30,
	2025			2026
Stock compensation (GAAP)	$	(71)		$	(68)
Integration-related stock compensation expense	26		1	4
Adjusted stock compensation (non-GAAP)	$	(45)		$	(64)


	Quarter Ended June 30,
	2025		2026
Corporate and other (GAAP)	$	(72)	$	(1)
Corporate restructuring and related costs	3		6
Acquisition / divestiture costs	38		28
IEEPA tariff refunds	—		(82)

Adjusted corporate and other (non-GAAP)	$	(31)	$	(49)

1 Integration-related stock compensation expense for the three months ended June 30, 2025 includes $24 related to AspenTech of which $20 is reported as restructuring costs, and $2 related to NI.

Page 11


									Table 6
EMERSON AND SUBSIDIARIES
ADJUSTED EBITA & EPS SUPPLEMENTAL
(AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED)

The following tables, which show results on an adjusted EBITA basis and diluted earnings per share on an adjusted basis, are intended to supplement the Company's discussion of its results of operations herein. The Company defines adjusted EBITA as earnings excluding interest expense, net, income taxes, intangibles amortization expense, restructuring and related costs, first year purchase accounting related items and transaction fees, and certain gains, losses or impairments. Adjusted earnings per share excludes intangibles amortization expense, restructuring and related costs, first year purchase accounting related items and transaction-related costs, discrete taxes, and certain gains, losses or impairments. Adjusted EBITA, adjusted EBITA margin, and adjusted earnings per share are measures used by management and may be useful for investors to evaluate the Company's operational performance.


	Quarter Ended June 30,
	2025			2026
Pretax earnings	$	734		$	916
Percent of sales	16.1		%	18.8		%
Interest expense, net	95			85

Amortization of intangibles	269			253
Restructuring and related costs	41			99
Acquisition/divestiture fees and related costs	44			32
IEEPA tariff refunds	—			(82)

Adjusted EBITA	$	1,183		$	1,303
Percent of sales	26.0		%	26.7		%

	Quarter Ended June 30,
	2025			2026
GAAP earnings from continuing operations per share	$	1.03		$	1.28
Amortization of intangibles	0.37			0.35
Restructuring and related costs	0.06			0.13
Acquisition/divestiture fees and related costs	0.06			0.05
Discrete taxes	—			0.01

IEEPA tariff refunds	—			(0.11)
Adjusted earnings from continuing operations per share	$	1.52		$	1.71

Page 12


Table 6 cont.


Quarter Ended June 30, 2026
	Pretax Earnings			Income Taxes		Earnings from Cont. Ops.		Non-Controlling Interests		Net Earnings Common Stockholders		Diluted Earnings Per Share
As reported (GAAP)	$	916		$	198	$	718	$	—	$	718	$	1.28
Amortization of intangibles	253		1	59		194		—		194		0.35
Restructuring and related costs	99		2	25		74		—		74		0.13
Acquisition/divestiture fees and related costs	32			2		30		—		30		0.05


Discrete taxes	—			(7)		7		—		7		0.01
IEEPA tariff refunds	(82)			(19)		(63)		—		(63)		(0.11)
Adjusted (non-GAAP)	$	1,218		$	258	$	960	$	—	$	960	$	1.71
Interest expense, net	85
Adjusted EBITA (non-GAAP)	$	1,303

1 Amortization of intangibles includes $49 reported in cost of sales.
2 Restructuring and related costs includes $12 reported in cost of sales and selling, general and administrative expenses.

Page 13

Reconciliations of Non-GAAP Financial Measures & Other

Table 7

Reconciliations of Non-GAAP measures with the most directly comparable GAAP measure (dollars in millions, except per share amounts). See tables 4 through 6 for additional non-GAAP reconciliations.


2026 Q3 Underlying Sales Change	Reported		(Favorable) / Unfavorable FX		(Acquisitions) / Divestitures		Underlying
Control Systems & Software	7	%	—	%	—	%	7	%
Test & Measurement	23	%	—	%	—	%	23	%
Software & Systems	11	%	—	%	—	%	11	%
Sensors	8	%	(1)	%	—	%	7	%
Final Control	4	%	(1)	%	—	%	3	%
Intelligent Devices	6	%	(1)	%	—	%	5	%
Safety & Productivity	3	%	(1)	%	—	%	2	%
Emerson	7	%	(1)	%	—	%	6	%


Nine Months Ended June 30, 2026 Underlying Sales Change	Reported		(Favorable) / Unfavorable FX		(Acquisitions) / Divestitures		Underlying
Control Systems & Software	3	%	(1)	%	—	%	2	%
Test & Measurement	18	%	(3)	%	—	%	15	%
Software & Systems	7	%	(2)	%	—	%	5	%
Sensors	4	%	(2)	%	—	%	2	%
Final Control	4	%	(2)	%	—	%	2	%
Intelligent Devices	4	%	(2)	%	—	%	2	%
Safety & Productivity	3	%	(1)	%	—	%	2	%
Emerson	5	%	(2)	%	—	%	3	%


Underlying Growth Guidance	2026 Q4 Guidance	2026 Guidance
Reported (GAAP)	~5%	~5%
(Favorable) / Unfavorable FX	-	~(1.5 pts)
(Acquisitions) / Divestitures	-	-
Underlying (non-GAAP)	~5%	~3.5%


2025 Q3 Adjusted Segment EBITA	EBIT		EBIT Margin		Amortization of Intangibles		Restructuring and Related Costs		Adjusted Segment EBITA		Adjusted Segment EBITA Margin
Control Systems & Software	$	271	24.2	%	$	114	$	8	$	393	35.2	%
Test & Measurement	(26)		(7.2)	%	107		—		81		22.4	%
Software & Systems	$	245	16.6	%	$	221	$	8	$	474	32.1	%
Sensors	246		24.2	%	11		2		259		25.5	%
Final Control	351		23.1	%	30		8		389		25.5	%
Intelligent Devices	$	597	23.5	%	$	41	$	10	$	648	25.5	%
Safety & Productivity	$	103	19.2	%	$	7	$	—	$	110	20.4	%

Page 14


2026 Q3 Adjusted Segment EBITA	EBIT		EBIT Margin		Amortization of Intangibles		Restructuring and Related Costs		Adjusted Segment EBITA		Adjusted Segment EBITA Margin
Control Systems & Software	$	285	23.8	%	$	100	$	6	$	391	32.6	%
Test & Measurement	11		2.6	%	108		13		132		29.6	%
Software & Systems	$	296	18.0	%	$	208	$	19	$	523	31.8	%
Sensors	303		27.7	%	11		9		323		29.7	%
Final Control	349		22.0	%	27		48		424		26.7	%
Intelligent Devices	$	652	24.3	%	$	38	$	57	$	747	27.9	%
Safety & Productivity	$	93	16.9	%	$	7	$	17	$	117	21.2	%


Total Adjusted Segment EBITA	2025 Q3			2026 Q3
Pretax earnings (GAAP)	$	734		$	916
Margin	16.1		%	18.8		%
Corporate items and interest expense, net	211			125
Amortization of intangibles	269			253
Restructuring and related costs	18			93
Adjusted segment EBITA (non-GAAP)	$	1,232		$	1,387
Margin	27.1		%	28.5		%


Free Cash Flow	2025 Q3		2026 Q3		2026E ($ in billions)
Operating cash flow (GAAP)	$	1,062	$	1,425	~$4.1
Capital expenditures	(92)		(102)		~(0.45)
Free cash flow (non-GAAP)	$	970	$	1,323	~$3.6

Note 1: Underlying sales and orders exclude the impact of currency translation and significant acquisitions and divestitures.

Note 2: All fiscal year 2026E figures are approximate, except where range is given.