Emerson Electric — Aug 6, 2025 release

Exhibit 99.1 Emerson Reports Third Quarter 2025 Results; Updates 2025 Outlook ST. LOUIS, Aug. 6, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results 1 for its third quarter ended June 30, 2025 and updated its full year outlook for fiscal 2025. Emerson also declared a quarterly cash dividend of $0.5275 p er share of common stock payable September 10, 2025 to stockholders of record on August 15, 2025. (dollars in millions, except per share) 2024 Q3 2025 Q3 Change Underlying Orders 2 4% Net Sales $4,380 $4,553 4% Underlying Sales 3 3% Pretax Earnings $455 $734 Margin 10.4% 16.1% 570 bps Adjusted Segment EBITA 4 $1,189 $1,232       Margin 27.1% 27.1% 0 bps GAAP Earnings Per Share $0.60 $1.03 72% Adjusted Earnings Per Share 5 $1.43 $1.52 6% Operating Cash Flow $1,067 $1,062 —% Free Cash Flow $975 $970 (1)% Management Commentary “Emerson's solid third quarter results reflect our sustained momentum, delivering strong underlying growth, profitability and cash flow, which we expect to continue as we finish the fiscal year,” said Emerson President and Chief Executive Officer Lal Karsanbhai. “We are experiencing positive momentum in key end markets, and our team's ability to execute in this dynamic environment demonstrates the resilience of our business model and our operational excellence." Karsanbhai continued, “We are taking pivotal steps to advance our industrial software capabilities, launching breakthrough innovations that are transforming how our customers optimize their operations. We deliver value by unlocking productivity and efficiency, and we are seeing accelerated adoption of our digital solutions.” 2025 Outlook The following table summarizes the fiscal year 2025 guidance framework. Net and underlying sales guidance of ~3.5% growth reflects our updated expectations for pricing actions as the tariff expense exposure has reduced. GAAP EPS is now expected to be ~$4.08 and adjusted EPS guidance is now ~$6.00, an increase versus the previous midpoint. Expectations for operating cash flow and free cash flow increase to ~$3.6B and ~$3.2B, respectively. The 2025 outlook assumes returning ~$2.3B to shareholders through $1.1B of share repurchases and ~$1.2B of dividends, unchanged from the prior guidance. 2025 Q4 2025 Net Sales Growth 5.5% - 6.5% ~3.5% Underlying Sales Growth 5% - 6% ~3.5% Earnings Per Share $1.13 - $1.17 ~$4.08 Amortization of Intangibles ~$0.34 ~$1.34 Restructuring / Related Costs ~$0.10 ~$0.22 Acquisition / Divestiture Fees and Related Costs ~$0.01 ~$0.27 Discrete taxes related to AspenTech transaction $0.09 Adjusted Earnings Per Share $1.58 - $1.62 ~$6.00 Operating Cash Flow ~$3.6B Free Cash Flow ~$3.2B 1 Results are presented on a continuing operations basis. Page 2 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 less restructuring and intangibles amortization expense. 5 Adjusted EPS excludes intangibles amortization expense, restructuring and related costs, acquisition/divestiture gains, losses, fees and related costs, and discrete taxes. Conference Call and Upcoming Events Today, beginning at 6:30 a.m. Central Time / 7:30 a.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. Emerson also announces it will host an investor conference on Nov. 20, 2025 in New York City. Event details will be distributed closer to this date. About Emerson Emerson (NYSE: EMR) is a global industrial technology leader that provides advanced automation. With an unmatched portfolio of intelligent devices, controls systems, and industrial software, Emerson delivers solutions that automate and optimize business performance. Headquartered in Saint Louis, Missouri, Emerson combines innovative technology with proven operational excellence to power the future of automation. 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 or 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 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: Colleen Mettler 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, 2024 2025 2024 2025 Net sales $ 4,380  $ 4,553  $ 12,873  $ 13,161       Cost of sales 2,066  2,160  6,359  6,161       SG&A expenses 1,254  1,266  3,827  3,773       Gain on subordinated interest —  —  (79) —       Loss on Copeland note receivable 279  —  279  —       Other deductions, net 294  298  1,075  944       Interest expense, net 56  95  157  145       Interest income from related party 1 (24) —  (86) —  Earnings from continuing operations before income taxes 455  734  1,341  2,138  Income taxes 88  154  266  536  Earnings from continuing operations 367  580  1,075  1,602  Discontinued operations, net of tax (15) 6  (88) 7  Net earnings 352  586  987  1,609  Less: Noncontrolling interests in subsidiaries 23  —  15  (48) Net earnings common stockholders $ 329  $ 586  $ 972  $ 1,657  Earnings common stockholders Earnings from continuing operations $ 344  $ 580  $ 1,060  $ 1,650  Discontinued operations (15) 6  (88) 7  Net earnings common stockholders $ 329  $ 586  $ 972  $ 1,657  Diluted avg. shares outstanding 574.8  564.7  574.1  567.1  Diluted earnings per share common stockholders Earnings from continuing operations $ 0.60  $ 1.03  $ 1.84  $ 2.91  Discontinued operations (0.03) 0.01  (0.15) 0.01  Diluted earnings per common share $ 0.57  $ 1.04  $ 1.69  $ 2.92  Quarter Ended June 30, Nine Months Ended June 30, 2024 2025 2024 2025 Other deductions, net      Amortization of intangibles $ 264  $ 219  $ 811  $ 677       Restructuring costs 57  37  170  70       Other (27) 42  94  197            Total $ 294  $ 298  $ 1,075  $ 944  1 Represents interest on the Copeland note receivable through June 6, 2024. Page 4 Table 2 EMERSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (DOLLARS IN MILLIONS, UNAUDITED) Sept 30, 2024 June 30, 2025 Assets      Cash and equivalents $ 3,588  $ 2,219       Receivables, net 2,927  2,908       Inventories 2,180  2,288       Other current assets 1,497  1,657  Total current assets 10,192  9,072       Property, plant & equipment, net 2,807  2,791       Goodwill 18,067  18,158       Other intangible assets 10,436  9,669       Other 2,744  2,827  Total assets $ 44,246   $ 42,517   Liabilities and equity      Short-term borrowings and current maturities of long-term debt $ 532  $ 5,953       Accounts payable 1,335  1,272       Accrued expenses 3,875  3,507  Total current liabilities 5,742  10,732       Long-term debt 7,155  8,278       Other liabilities 3,840  3,621  Equity      Common stockholders' equity 21,636  19,870       Noncontrolling interests in subsidiaries 5,873  16  Total equity 27,509  19,886  Total liabilities and equity $ 44,246   $ 42,517   Page 5 Table 3 EMERSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (DOLLARS IN MILLIONS, UNAUDITED) Nine Months Ended June 30,   2024 2025 Operating activities     Net earnings $ 987  $ 1,609  Earnings from discontinued operations, net of tax 88  (7) Adjustments to reconcile net earnings to net cash provided by operating activities:         Depreciation and amortization 1,263  1,139          Stock compensation 203  198          Amortization of acquisition-related inventory step-up 231  —          Gain on subordinated interest (79) —          Loss on Copeland note receivable 279  —          Changes in operating working capital (176) (80)         Other, net (552) (195)             Cash from continuing operations 2,244  2,664              Cash from discontinued operations 4  (576)             Cash provided by operating activities 2,248  2,088  Investing activities Capital expenditures (251) (263) Purchases of businesses, net of cash and equivalents acquired (8,342) (36) Proceeds from subordinated interest 79  —  Other, net (86) (94)     Cash from continuing operations (8,600) (393)     Cash from discontinued operations 36  —      Cash used in investing activities (8,564) (393) Financing activities Net increase in short-term borrowings 2,229  1,419  Proceeds from short-term borrowings greater than three months 322  5,292  Payments of short-term borrowings greater than three months (100) (1,349) Proceeds from long-term debt —  1,544  Payments of long-term debt (547) (503) Dividends paid (901) (895) Purchases of common stock (175) (1,147) AspenTech purchases of common stock (188) —  Purchase of noncontrolling interest —  (7,244) Settlement of AspenTech share awards —  (76) Other, net (57) (60)     Cash provided by (used in) financing activities 583  (3,019) Effect of exchange rate changes on cash and equivalents (20) (45) Decrease in cash and equivalents (5,753) (1,369) Beginning cash and equivalents 8,051  3,588  Ending cash and equivalents $ 2,298   $ 2,219   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, 2024 2025 Reported Underlying Sales Final Control $ 1,046  $ 1,116  7  % 5  % Measurement & Analytical 982  1,014  3  % 2  % Discrete Automation 618  649  5  % 3  % Safety & Productivity 351  346  (1) % (2) % Intelligent Devices $ 2,997   $ 3,125   4   % 3   % Control Systems & Software 1 1,043  1,083  4  % 3  % Test & Measurement 355  361  2  % (1) % Software and Control $ 1,398   $ 1,444   3   % 2   % Eliminations (15) (16) Total $ 4,380   $ 4,553   4   % 3   % Sales Growth by Geography Quarter Ended June 30, Americas 7  % Europe (7) % Asia, Middle East & Africa 2  % 1 AspenTech was fully acquired on March 12, 2025 and is now an independent business unit inside of the Control Systems & Software reporting segment. Page 7 Table 4 cont. Nine Months Ended June 30, 2024 2025 Reported Underlying Sales Final Control $ 3,037  $ 3,165  4  % 4  % Measurement & Analytical 2,942  2,992  2  % 2  % Discrete Automation 1,863  1,844  (1) % (1) % Safety & Productivity 1,038  996  (4) % (4) % Intelligent Devices $ 8,880   $ 8,997   1   % 1   % Control Systems & Software 2,940  3,138  7  % 7  % Test & Measurement 1,104  1,079  (2) % (2) % Software and Control $ 4,044   $ 4,217   4   % 4   % Eliminations (51) (53) Total $ 12,873   $ 13,161   2   % 2   % Sales Growth by Geography Nine Months Ended June 30, Americas 5  % Europe (4) % Asia, Middle East & Africa 3  % Page 8 Table 4 cont. Quarter Ended June 30, Quarter Ended June 30, 2024 2025 As Reported (GAAP) Adjusted EBITA (Non-GAAP) As Reported (GAAP) Adjusted EBITA (Non-GAAP) Earnings Final Control $ 253 $ 279 $ 267 $ 292  Margins 24.2  % 26.8  % 23.9  % 26.2  % Measurement & Analytical 252 266 246 259  Margins 25.6  % 27.0  % 24.2  % 25.5  % Discrete Automation 109 134 118 132  Margins 17.6  % 21.5  % 18.2  % 20.4  % Safety & Productivity 79 86 73 80  Margins 22.5  % 24.7  % 21.1  % 22.9  % Intelligent Devices $ 693 $ 765 $ 704 $ 763  Margins 23.1   % 25.5   % 22.5   % 24.4   % Control Systems & Software 217 348 267 388  Margins 20.8  % 33.3  % 24.7  % 35.9  % Test & Measurement (88) 76 (26) 81  Margins (24.7) % 21.4  % (7.2) % 22.4  % Software and Control $ 129 $ 424 $ 241 $ 469  Margins 9.2   % 30.3   % 16.7   % 32.6   % Corporate items and interest expense, net : Stock compensation (56) (47) (71) (45) Unallocated pension and postretirement costs 38 38 27 27 Corporate and other (38) (24) (72) (31) Loss on Copeland note receivable (279) — — — Interest expense, net (56) — (95) — Interest income from related party 1 24 — — — Pretax Earnings / Adjusted EBITA $ 455 $ 1,156 $ 734 $ 1,183  Margins 10.4   % 26.4   % 16.1   % 26.0   % Supplemental Total Segment Earnings: Adjusted Total Segment EBITA $ 1,189 $ 1,232  Margins 27.1   % 27.1   % 1 Represents interest on the Copeland note receivable. Page 9 Table 4 cont. Quarter Ended June 30, Quarter Ended June 30, 2024 2025 Amortization of Intangibles 1 Restructuring and Related Costs 2 Amortization of Intangibles 1 Restructuring and Related Costs 2 Final Control $ 21  $ 5  $ 22  $ 3  Measurement & Analytical 11  3  11  2  Discrete Automation 9  16  8  6  Safety & Productivity 6  1  7  —  Intelligent Devices $ 47   $ 25   $ 48   $ 11   Control Systems & Software 127  4  114  7  Test & Measurement 139  25  107  —  Software and Control $ 266   $ 29   $ 221   $ 7   Corporate —  6  3 —  23  3 Total $ 313   $ 60   $ 269   $ 41   1 Amortization of intangibles includes $49 and $50 reported in cost of sales for the three months ended June 30, 2024 and 2025, respectively. 2 Restructuring and related costs includes $3 and $4 reported in cost of sales and selling, general and administrative expenses for the three months ended June 30, 2024 and 2025, 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. Corporate restructuring and related costs of $6 for the three months ended June 30, 2024 includes $5 related to integration-related stock compensation expense attributable to NI. Quarter Ended June 30, Depreciation and Amortization 2024 2025 Final Control $ 41  $ 39  Measurement & Analytical 32  32  Discrete Automation 22  22  Safety & Productivity 14  15  Intelligent Devices 109   108   Control Systems & Software 148  134  Test & Measurement 150  119  Software and Control 298   253   Corporate 10  11  Total $ 417   $ 372   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, 2024 2025  Stock compensation (GAAP) $ (56) $ (71)  Integration-related stock compensation expense 9 1 26 2  Adjusted stock compensation (non-GAAP) $ (47) $ (45) Quarter Ended June 30, 2024 2025  Corporate and other (GAAP) $ (38) $ (72)  Corporate restructuring and related costs 1 3  Acquisition / divestiture costs 13 38   Adjusted corporate and other (non-GAAP) $ (24) $ (31) 1 Integration-related stock compensation expense for the three months ended June 30, 2024 relates to NI and includes $5 reported as restructuring costs. 2 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 expense, first year purchase accounting related items and transaction fees, and certain gains, losses or impairments. Adjusted earnings per share excludes intangibles amortization expense, restructuring expense, first year purchase accounting related items and transaction-related costs, 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, 2024 2025 Pretax earnings $ 455 $ 734 Percent of sales 10.4  % 16.1  % Interest expense, net 56  95  Interest income from related party 1 (24) —  Amortization of intangibles 313  269  Restructuring and related costs 60  41  Acquisition/divestiture fees and related costs 17  44  Loss on Copeland note receivable 279  —  Adjusted EBITA $ 1,156 $ 1,183 Percent of sales 26.4  % 26.0  % Quarter Ended June 30, 2024 2025 GAAP earnings from continuing operations per share $ 0.60 $ 1.03 Amortization of intangibles 0.35 0.37 Restructuring and related costs 0.08 0.06 Acquisition/divestiture fees and related costs 0.02 0.06 Loss on Copeland note receivable 0.38 — Adjusted earnings from continuing operations per share $ 1.43 $ 1.52 1 Represents interest on the Copeland note receivable through June 6, 2024 Page 12 Table 6 cont. Quarter Ended June 30, 2025 Pretax Earnings Income Taxes Earnings from Cont. Ops. Non-Controlling Interests 3 Net Earnings Common Stockholders Diluted Earnings Per Share As reported (GAAP) $ 734   $ 154   $ 580   $ —   $ 580   $ 1.03   Amortization of intangibles 269  1 62  207  —  207  0.37  Restructuring and related costs 41  2 5  36  —  36  0.06  Acquisition/divestiture fees and related costs 44  9  35  —  35  0.06  Adjusted (non-GAAP) $ 1,088   $ 230   $ 858   $ —   $ 858   $ 1.52   Interest expense, net 95  Adjusted EBITA (non-GAAP) $ 1,183   1 Amortization of intangibles includes $50 reported in cost of sales. 2 Restructuring and related costs includes $4 reported in cost of sales and selling, general and administrative expenses. 3 Non-Controlling Interests for AspenTech ceased as of March 12, 2025 with the completion of the buy-in. 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 ad ditional non-GAAP reconciliations. 2025 Q3 Underlying Sales Change Reported (Favorable) / Unfavorable FX (Acquisitions) / Divestitures Underlying Final Control 7  % (2) % —  % 5  % Measurement & Analytical 3  % (1) % —  % 2  % Discrete Automation 5  % (2) % —  % 3  % Safety & Productivity (1) % (1) % —  % (2) % Intelligent Devices 4   % (1) % —   % 3   % Control Systems & Software 4  % (1) % —  % 3  % Test & Measurement 2  % (3) % —  % (1) % Software and Control 3   % (1) % —   % 2   % Emerson 4   % (1) % —   % 3   % Nine Months Ended June 30, 2025 Underlying Sales Change Reported (Favorable) / Unfavorable FX (Acquisitions) / Divestitures Underlying Final Control 4  % —  % —  % 4  % Measurement & Analytical 2  % —  % —  % 2  % Discrete Automation (1) % —  % —  % (1) % Safety & Productivity (4) % —  % —  % (4) % Intelligent Devices 1   % —   % —   % 1   % Control Systems & Software 7  % —  % —  % 7  % Test & Measurement (2) % —  % —  % (2) % Software and Control 4   % —   % —   % 4   % Emerson 2   % —   % —   % 2   % Underlying Growth Guidance 2025 Q4 Guidance 2025 Guidance Reported (GAAP) 5.5% - 6.5% ~3.5% (Favorable) / Unfavorable FX ~0.5 pts - (Acquisitions) / Divestitures - - Underlying (non-GAAP) 5% - 6% ~3.5% 2024 Q3 Adjusted Segment EBITA EBIT EBIT Margin Amortization of Intangibles Restructuring and Related Costs Adjusted Segment EBITA Adjusted Segment EBITA Margin Final Control $ 253  24.2  % $ 21  $ 5  $ 279  26.8  % Measurement & Analytical 252  25.6  % 11  3  266  27.0  % Discrete Automation 109  17.6  % 9  16  134  21.5  % Safety & Productivity 79  22.5  % 6  1  86  24.7  % Intelligent Devices $ 693   23.1   % $ 47   $ 25   $ 765   25.5   % Control Systems & Software 217  20.8  % 127  4  348  33.3  % Test & Measurement (88) (24.7) % 139  25  76  21.4  % Software and Control $ 129   9.2   % $ 266   $ 29   $ 424   30.3   % Page 14 2025 Q3 Adjusted Segment EBITA EBIT EBIT Margin Amortization of Intangibles Restructuring and Related Costs Adjusted Segment EBITA Adjusted Segment EBITA Margin Final Control $ 267  23.9  % $ 22  $ 3  $ 292  26.2  % Measurement & Analytical 246  24.2  % 11  2  259  25.5  % Discrete Automation 118  18.2  % 8  6  132  20.4  % Safety & Productivity 73  21.1  % 7  —  80  22.9  % Intelligent Devices $ 704   22.5   % $ 48   $ 11   $ 763   24.4   % Control Systems & Software 267  24.7  % 114  7  388  35.9  % Test & Measurement (26) (7.2) % 107  —  81  22.4  % Software and Control $ 241   16.7   % $ 221   $ 7   $ 469   32.6   % Total Adjusted Segment EBITA 2024 Q3 2025 Q3 Pretax earnings (GAAP) $ 455 $ 734 Margin 10.4  % 16.1  % Corporate items and interest expense, net 367  211  Amortization of intangibles 313  269  Restructuring and related costs 54  18  Adjusted segment EBITA (non-GAAP) $ 1,189 $ 1,232 Margin 27.1  % 27.1  % Free Cash Flow 2024 Q3 2025 Q3 2025E ($ in billions) Operating cash flow (GAAP) $ 1,067  $ 1,062   ~$3.6 Capital expenditures (92) (92) ~(0.4) Free cash flow (non-GAAP) $ 975   $ 970   ~$3.2 Note 1: Underlying sales and orders exclude the impact of currency translation and significant acquisitions and divestitures. Note 2: All fiscal year 2025E figures are approximate, except where range is given.