Emerson Electric — May 5, 2026 release

Exhibit 99.1 Emerson Reports Second Quarter 2026 Results; Updates 2026 Outlook ST. LOUIS, May 5, 2026 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results for its second quarter ended March 31, 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 June 10, 2026 to stockholders of record on May 15, 2026. (dollars in millions, except per share) 2025 Q2 2026 Q2 Change Underlying Orders 1 5% Net Sales $4,432 $4,562 3% Underlying Sales 2 0.5% Pretax Earnings $629 $793 Margin 14.2% 17.4% 320 bps Adjusted Segment EBITA 3 $1,240 $1,258 Margin 28.0% 27.6% (40) bps GAAP Earnings Per Share $0.86 $1.10 28% Adjusted Earnings Per Share 4 $1.48 $1.54 4% Operating Cash Flow $825 $779 (6)% Free Cash Flow $738 $694 (6)% Management Commentary “Emerson's second quarter results reflect our ability to deliver in a dynamic environment," said Emerson President and Chief Executive Officer Lal Karsanbhai. "While sales were impacted by the conflict in the Middle East, margins exceeded expectations, and we achieved strong adjusted earnings per share. Underlying orders were up 5% as we continue to see resilient demand, led by Software & Systems, with sustained momentum in our growth verticals." Karsanbhai continued, "I want to thank our employees and customers in the Middle East for their unwavering commitment and resiliency. As we look ahead, 2026 continues to develop largely as expected with a strong second half, supported by orders momentum and a robust backlog." 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 Q3 2026 Net Sales Growth ~5.5% ~4.5% Underlying Sales Growth ~5% ~3% Earnings Per Share $1.22 - $1.27 $4.79 - $4.89 Amortization of intangibles ~$0.34 ~$1.38 Restructuring and related costs ~$0.06 ~$0.18 Acquisition/divestiture fees and related costs ~$0.02 ~$0.06 Discrete taxes ~$0.01 ~$0.04 Adjusted Earnings Per Share $1.65 - $1.70 $6.45 - $6.55 Operating Cash Flow $4.0B - $4.1B Free Cash Flow $3.5B - $3.6B 1 Underlying orders do not include AspenTech. 2 Underlying sales excludes the impact of currency translation, and significant acquisitions and divestitures. 3 Adjusted segment EBITA represents segment earnings excluding restructuring and intangibles amortization expense. 4 Adjusted EPS excludes intangibles amortization expense, restructuring and related costs, acquisition/divestiture gains, losses, fees and related costs, and discrete taxes. Page 2 Conference Call Today, beginning at 3:30 p.m. Central Time / 4:30 p.m. Eastern Time, Emerson management will discuss the second 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 March 31, Six Months Ended March 31, 2025 2026 2025 2026 Net sales $ 4,432  $ 4,562  $ 8,608  $ 8,908       Cost of sales 2,061  2,140  4,002  4,174       SG&A expenses 1,283  1,316  2,506  2,559       Other deductions, net 418  229  646  434       Interest expense, net 41  84  50  173  Earnings before income taxes 629  793  1,404  1,568  Income taxes 199  175  382  344  Net earnings 430  618  1,022  1,224  Less: Noncontrolling interests in subsidiaries (55) —  (48) 1  Net earnings common stockholders $ 485  $ 618  $ 1,070  $ 1,223  Diluted avg. shares outstanding 565.4  563.0  568.2  563.5  Diluted earnings per share common stockholders   Diluted earnings per common share $ 0.86  $ 1.10  $ 1.88  $ 2.17  Quarter Ended March 31, Six Months Ended March 31, 2025 2026 2025 2026 Other deductions, net      Amortization of intangibles $ 229  $ 205  $ 457  $ 409       Restructuring costs 21  45  32  53       Other 168  (21) 157  (28)           Total $ 418  $ 229  $ 646  $ 434  Page 4 Table 2 EMERSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (DOLLARS IN MILLIONS, UNAUDITED) Sept 30, 2025 March 31, 2026 Assets      Cash and equivalents $ 1,544  $ 1,791       Receivables, net 3,101  3,158       Inventories 2,213  2,452       Other current assets 1,725  1,850  Total current assets 8,583  9,251       Property, plant & equipment, net 2,871  2,850       Goodwill 18,193  18,153       Other intangible assets 9,458  8,954       Other 2,859  2,880  Total assets $ 41,964   $ 42,088   Liabilities and equity      Short-term borrowings and current maturities of long-term debt $ 4,797  $ 5,804       Accounts payable 1,384  1,468       Accrued expenses 3,616  3,382  Total current liabilities 9,797  10,654       Long-term debt 8,319  7,555       Other liabilities 3,550  3,560  Equity      Common stockholders' equity 20,282  20,303       Noncontrolling interests in subsidiaries 16  16  Total equity 20,298  20,319  Total liabilities and equity $ 41,964   $ 42,088   Page 5 Table 3 EMERSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (DOLLARS IN MILLIONS, UNAUDITED) Six Months Ended March 31,   2025 2026 Operating activities     Net earnings $ 1,022  $ 1,224  Adjustments to reconcile net earnings to net cash provided by operating activities:         Depreciation and amortization 767  728          Stock compensation 127  113          Changes in operating working capital (203) (613)         Other, net (110) 26              Cash from continuing operations 1,603 1,478             Cash from discontinued operations (585) —             Cash provided by operating activities 1,018 1,478 Investing activities Capital expenditures (170) (182) Purchases of businesses, net of cash and equivalents acquired (36) —  Other, net (58) (24)     Cash used in investing activities (264) (206) Financing activities Net increase in short-term borrowings 2,628  2,027  Proceeds from short-term borrowings greater than three months 2,496  4,447  Payments of short-term borrowings greater than three months —  (5,611) Proceeds from long-term debt 1,544  —  Payments of long-term debt (2) (587) Dividends paid (598) (624) Purchases of common stock (1,122) (542) Purchase of noncontrolling interest (7,171) —  Settlement of AspenTech share awards (76) —  Other, net (81) (123)     Cash used in financing activities (2,382) (1,013) Effect of exchange rate changes on cash and equivalents (73) (12) Increase (decrease) in cash and equivalents (1,701) 247   Beginning cash and equivalents 3,588  1,544  Ending cash and equivalents $ 1,887   $ 1,791   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 March 31, 2025 2026 Reported Underlying Sales Control Systems & Software $ 1,093  $ 1,089  —  % (2) % Test & Measurement 358  414  16  % 12  % Software & Systems $ 1,451   $ 1,503   4   % 1   % Sensors 1,000  1,024  2  % —  % Final Control 1,459  1,488  2  % (1) % Intelligent Devices $ 2,459   $ 2,512   2   % (1) % Safety & Productivity $ 522   $ 547   5   % 2   % Total $ 4,432   $ 4,562   3   % 0.5   % Sales Growth by Geography Quarter Ended March 31, Americas 5  % Europe (4) % Asia, Middle East & Africa (5) % Page 7 Table 4 cont. Six Months Ended March 31, 2025 2026 Reported Underlying Sales Control Systems & Software $ 2,116  $ 2,133  1  % (1) % Test & Measurement 717  823  15  % 12  % Software & Systems $ 2,833   $ 2,956   4   % 2   % Sensors 1,972  2,020  2  % —  % Final Control 2,793  2,882  3  % —  % Intelligent Devices $ 4,765   $ 4,902   3   % —   % Safety & Productivity $ 1,010   $ 1,050   4   % 2   % Total $ 8,608   $ 8,908   3   % 1   % Sales Growth by Geography Six Months Ended March 31, Americas 4  % Europe (1) % Asia, Middle East & Africa (3) % Page 8 Table 4 cont. Quarter Ended March 31, Quarter Ended March 31, 2025 2026 As Reported (GAAP) Adjusted EBITA (Non-GAAP) As Reported (GAAP) Adjusted EBITA (Non-GAAP) Earnings Control Systems & Software $ 238 $ 375 $ 224 $ 329  Margins 21.7  % 34.2  % 20.6  % 30.2  % Test & Measurement (24) 87  (5) 109   Margins (6.8) % 24.3  % (1.2) % 26.3  % Software & Systems $ 214 $ 462 $ 219 $ 438  Margins 14.6   % 31.7   % 14.6   % 29.2   % Sensors 266  279  276  296   Margins 26.6  % 27.9  % 27.0  % 28.9  % Final Control 355  386  353  405   Margins 24.4  % 26.5  % 23.7  % 27.2  % Intelligent Devices $ 621 $ 665 $ 629 $ 701  Margins 25.3   % 27.1   % 25.0   % 27.9   % Safety & Productivity $ 105 $ 113 $ 109 $ 119  Margins 20.2   % 21.8   % 19.8   % 21.7   % Corporate items and interest expense, net : Stock compensation (59) (50) (57) (53) Unallocated pension and postretirement costs 27  27  28  28  Corporate and other (238) (74) (51) (39) Interest expense, net (41) —  (84) —  Pretax Earnings / Adjusted EBITA $ 629 $ 1,143 $ 793 $ 1,194  Margins 14.2   % 25.8   % 17.4   % 26.2   % Supplemental Total Segment Earnings: Adjusted Total Segment EBITA $ 1,240 $ 1,258  Margins 28.0   % 27.6   % Page 9 Table 4 cont. Quarter Ended March 31, Quarter Ended March 31, 2025 2026 Amortization of Intangibles 1 Restructuring and Related Costs 2 Amortization of Intangibles 1 Restructuring and Related Costs 2 Control Systems & Software $ 128  $ 9  $ 101  $ 4  Test & Measurement 105  6  107  7  Software & Systems $ 233   $ 15   $ 208   $ 11   Sensors 11  2  12  8  Final Control 28  3  27  25  Intelligent Devices $ 39   $ 5   $ 39   $ 33   Safety & Productivity $ 6   $ 2   $ 7   $ 3   Corporate —  5  —  6  Total $ 278   $ 27   $ 254   $ 53   1 Amortization of intangibles includes $49 and $49 reported in cost of sales for the three months ended March 31, 2025 and 2026, respectively. 2 Restructuring and related costs includes $6 and $8 reported in cost of sales and selling, general and administrative expenses for the three months ended March 31, 2025 and 2026, respectively. Quarter Ended March 31, Depreciation and Amortization 2025 2026 Control Systems & Software $ 148  $ 125  Test & Measurement 119  120  Software & Systems 267   245   Sensors 32  34  Final Control 56  58  Intelligent Devices 88   92   Safety & Productivity 18   19   Corporate 11  13  Total $ 384   $ 369   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 March 31, 2025 2026  Stock compensation (GAAP) $ (59) $ (57)  Integration-related stock compensation expense 9  1 4   Adjusted stock compensation (non-GAAP) $ (50) $ (53) Quarter Ended March 31, 2025 2026  Corporate and other (GAAP) $ (238) $ (51)  Corporate restructuring and related costs 4  5   Acquisition / divestiture costs 160  7   Adjusted corporate and other (non-GAAP) $ (74) $ (39) 1 Integration-related stock compensation expense for the three months ended March 31, 2025 relates to AspenTech and includes $1 reported as restructuring costs. 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, 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 March 31, 2025 2026 Pretax earnings $ 629 $ 793 Percent of sales 14.2  % 17.4  % Interest expense, net 41 84 Amortization of intangibles 278 254 Restructuring and related costs 27 53 Acquisition/divestiture fees and related costs 168 10 Adjusted EBITA $ 1,143 $ 1,194 Percent of sales 25.8  % 26.2  % Quarter Ended March 31, 2025 2026 GAAP earnings per share $ 0.86 $ 1.10 Amortization of intangibles 0.32 0.35 Restructuring and related costs 0.04 0.07 Discrete taxes 0.09 0.01 Acquisition/divestiture fees and related costs 0.17 0.01 Adjusted earnings per share $ 1.48 $ 1.54 Page 12 Table 6 cont. Quarter Ended March 31, 2026 Pretax Earnings Income Taxes Net Earnings Non-Controlling Interests Net Earnings Common Stockholders Diluted Earnings Per Share As reported (GAAP) $ 793   $ 175   $ 618   $ —   $ 618   $ 1.10   Amortization of intangibles 254 1 59 195 —  195 0.35 Restructuring and related costs 53 2 11 42 —  42 0.07 Acquisition/divestiture fees and related costs 10 2 8 —  8 0.01 Discrete taxes — (6) 6 —  6 0.01 Adjusted (non-GAAP) $ 1,110   $ 241   $ 869   $ —   $ 869   $ 1.54   Interest expense, net 84  Adjusted EBITA (non-GAAP) $ 1,194   1 Amortization of intangibles includes $49 reported in cost of sales. 2 Restructuring and related costs includes $8 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 ad ditional non-GAAP reconciliations. 2026 Q2 Underlying Sales Change Reported (Favorable) / Unfavorable FX (Acquisitions) / Divestitures Underlying Control Systems & Software —  % (2) % —  % (2) % Test & Measurement 16  % (4) % —  % 12  % Software & Systems 4   % (3) % —   % 1   % Sensors 2  % (2) % —  % —  % Final Control 2  % (3) % —  % (1) % Intelligent Devices 2   % (3) % —   % (1) % Safety & Productivity 5   % (3) % —   % 2   % Emerson 3   % (2.5) % —   % 0.5   % Six Months Ended March 31, 2026 Underlying Sales Change Reported (Favorable) / Unfavorable FX (Acquisitions) / Divestitures Underlying Control Systems & Software 1  % (2) % —  % (1) % Test & Measurement 15  % (3) % —  % 12  % Software & Systems 4   % (2) % —   % 2   % Sensors 2  % (2) % —  % —  % Final Control 3  % (3) % —  % —  % Intelligent Devices 3   % (3) % —   % —   % Safety & Productivity 4   % (2) % —   % 2   % Emerson 3   % (2) % —   % 1   % Underlying Growth Guidance 2026 Q3 Guidance 2026 Guidance Reported (GAAP) ~5.5% ~4.5% (Favorable) / Unfavorable FX ~(0.5 pts) ~(1.5 pts) (Acquisitions) / Divestitures - - Underlying (non-GAAP) ~5% ~3% 2025 Q2 Adjusted Segment EBITA EBIT EBIT Margin Amortization of Intangibles Restructuring and Related Costs Adjusted Segment EBITA Adjusted Segment EBITA Margin Control Systems & Software $ 238  21.7  % $ 128  $ 9  $ 375  34.2  % Test & Measurement (24) (6.8) % 105  6  87  24.3  % Software & Systems $ 214   14.6   % $ 233   $ 15   $ 462   31.7   % Sensors 266  26.6  % 11  2  279  27.9  % Final Control 355  24.4  % 28  3  386  26.5  % Intelligent Devices $ 621   25.3   % $ 39   $ 5   $ 665   27.1   % Safety & Productivity $ 105   20.2   % $ 6   $ 2   $ 113   21.8   % Page 14 2026 Q2 Adjusted Segment EBITA EBIT EBIT Margin Amortization of Intangibles Restructuring and Related Costs Adjusted Segment EBITA Adjusted Segment EBITA Margin Control Systems & Software $ 224  20.6  % $ 101  $ 4  $ 329  30.2  % Test & Measurement (5) (1.2) % 107  7  109  26.3  % Software & Systems $ 219   14.6   % $ 208   $ 11   $ 438   29.2   % Sensors 276  27.0  % 12  8  296  28.9  % Final Control 353  23.7  % 27  25  405  27.2  % Intelligent Devices $ 629   25.0   % $ 39   $ 33   $ 701   27.9   % Safety & Productivity $ 109   19.8   % $ 7   $ 3   $ 119   21.7   % Total Adjusted Segment EBITA 2025 Q2 2026 Q2 Pretax earnings (GAAP) $ 629 $ 793 Margin 14.2  % 17.4  % Corporate items and interest expense, net 311 164 Amortization of intangibles 278 254 Restructuring and related costs 22 47 Adjusted segment EBITA (non-GAAP) $ 1,240 $ 1,258 Margin 28.0  % 27.6  % Free Cash Flow 2025 Q2 2026 Q2 2025E ($ in billions) Operating cash flow (GAAP) $ 825  $ 779   $4.0 - $4.1 Capital expenditures (87) (85) ~(0.45) Free cash flow (non-GAAP) $ 738   $ 694   $3.5 - $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.