EXHIBIT 99.1 Exhibit 99.1 Emerson Reports Fourth Quarter and Full Year 2024 Results; Provides Initial 2025 Outlook ST. LOUIS (November 5, 2024) - Emerson (NYSE: EMR) today reported results 1 for its fourth quarter and fiscal year ended September 30, 2024. Emerson also declared a quarterly cash dividend increase to $0.5275 per share of common stock payable December 10, 2024 to stockholders of record November 15, 2024. (dollars in millions, except per share) 2023 Q4 2024 Q4 Change 2023 2024 Change Underlying Orders 2 2% 2% Net Sales $4,090 $4,619 13% $15,165 $17,492 15% Underlying Sales 3 4% 6% Pretax Earnings $1,020 $679 $2,903 $2,020 Margin 24.9% 14.7% (1020) bps 19.1% 11.5% (760) bps Adjusted Segment EBITA 4 $1,045 $1,210 $3,794 $4,552 Margin 25.5% 26.2% 70 bps 25.0% 26.0% 100 bps GAAP Earnings Per Share $1.36 $0.97 (29)% $3.96 $2.82 (29)% Adjusted Earnings Per Share 5 $1.29 $1.48 15% $4.44 $5.49 24% Operating Cash Flow $991 $1,073 8% $2,710 $3,317 22% Free Cash Flow $822 $905 10% $2,347 $2,898 23% Management Commentary "Emerson completed an outstanding fiscal 2024, with strong underlying sales growth, operating leverage, adjusted earnings per share and cash generation. I want to thank our employees around the world for their commitment and passion which were integral to delivering these results," said Emerson President and Chief Executive Officer Lal Karsanbhai. "We have done an exceptional job integrating Test & Measurement with $100 million of synergies realized in the first year, and we remain resolute in our focus on executing at a world-class level, guided by our Emerson Management System. Emerson's leading technology, alignment with secular trends and customer focus provide confidence for continued momentum in fiscal 2025." Karsanbhai continued, “We have made significant progress on our value-creation roadmap over the past three years, and the strategic actions announced today mark the final phase of our portfolio transformation to an industrial technology leader delivering advanced automation solutions. The actions we are taking, combined with our solid fiscal 2024 financial results, demonstrate the benefits and potential of Emerson's higher growth and higher margin portfolio. We are energized to complete our transformation and continue creating value for shareholders over the near- and long-term.” 2025 Outlook The following tables summarize the fiscal year 2025 guidance framework and does not include any impact from the proposed portfolio transactions announced today. The 2025 outlook assumes approximately $1.2 billion of dividend payments. Guidance figures are approximate. 2025 Q1 2025 Net Sales Growth 2.5% - 3.5% 3.5% - 5.5% Underlying Sales Growth 2% - 3% 3% - 5% Earnings Per Share $0.89 - $0.94 $4.42 - $4.62 Amortization of Intangibles ~$0.31 ~$1.23 Restructuring / Related Costs ~$0.04 ~$0.16 Acquisition / Divestiture Fees and Related Costs ~$0.01 ~$0.04 Adjusted Earnings Per Share $1.25 - $1.30 $5.85 - $6.05 Operating Cash Flow $3.6B - $3.7B Free Cash Flow $3.2B - $3.3B Share Repurchase ~$1.0B ~$2.0B 1 Results are presented on a continuing operations basis. 2 Underlying orders do not include AspenTech. Page 2 3 Underlying sales exclude 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, the amortization of acquisition-related inventory step-up, acquisition/divestiture gains, losses, fees and related costs, discrete taxes, an AspenTech Micromine purchase price hedge and write-offs associated with Emerson's Russia exit. Conference Call Today, beginning at 7:00 a.m. Central Time / 8:00 a.m. Eastern Time, Emerson management will discuss the fourth quarter and fiscal year 2024 results, as well as the strategic actions announced in a separate press release this morning, during an investor conference call. Participants can access a live webcast available at www.emerson.com/investors 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 technology and software company providing innovative solutions for the world's essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. 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 involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties 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, www.Emerson.com/investors, 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. Contacts Investors: Media: Colleen Mettler Joseph Sala / Greg Klassen / Connor Murphy (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 September 30, Year Ended September 30, 2023 2024 2023 2024 Net sales $ 4,090 $ 4,619 $ 15,165 $ 17,492 Costs and expenses: Cost of sales 2,078 2,248 7,738 8,607 SG&A expenses 1,114 1,315 4,186 5,142 Gain on subordinated interest (161 ) — (161 ) (79 ) Loss on Copeland note receivable — — — 279 Other deductions, net 147 359 506 1,434 Interest expense (income), net (77 ) 18 34 175 Interest income from related party 1 (31 ) — (41 ) (86 ) Earnings from continuing operations before income taxes 1,020 679 2,903 2,020 Income taxes 242 149 642 415 Earnings from continuing operations 778 530 2,261 1,605 Discontinued operations, net of tax (40 ) 438 10,939 350 Net earnings 738 968 13,200 1,955 Less: Noncontrolling interests in subsidiaries (6 ) (28 ) (19 ) (13 ) Net earnings common stockholders $ 744 $ 996 $ 13,219 $ 1,968 Earnings common stockholders Earnings from continuing operations $ 784 $ 558 $ 2,286 $ 1,618 Discontinued operations (40 ) 438 10,933 350 Net earnings common stockholders $ 744 $ 996 $ 13,219 $ 1,968 Diluted avg. shares outstanding 574.7 573.9 577.3 574.0 Diluted earnings per share common stockholders Earnings from continuing operations $ 1.36 $ 0.97 $ 3.96 $ 2.82 Discontinued operations (0.07 ) 0.76 18.92 0.61 Diluted earnings per common share $ 1.29 $ 1.73 $ 22.88 $ 3.43 Quarter Ended September 30, Year Ended September 30, 2023 2024 2023 2024 Other deductions, net Amortization of intangibles $ 125 $ 266 $ 482 $ 1,077 Restructuring costs 31 58 72 228 Other (9 ) 35 (48 ) 129 Total $ 147 $ 359 $ 506 $ 1,434 1 Represents interest on the Copeland note receivable. Page 4 Table 2 EMERSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (DOLLARS IN MILLIONS, UNAUDITED) Year Ended Sept 30 2023 2024 Assets Cash and equivalents $ 8,051 $ 3,588 Receivables, net 2,518 2,927 Inventories 2,006 2,180 Other current assets 1,244 1,497 Total current assets 13,819 10,192 Property, plant & equipment, net 2,363 2,807 Goodwill 14,480 18,067 Other intangible assets 6,263 10,436 Copeland note receivable and equity investment held-for-sale 3,255 — Other 2,566 2,744 Total assets $ 42,746 $ 44,246 Liabilities and equity Short-term borrowings and current maturities of long-term debt $ 547 $ 532 Accounts payable 1,275 1,335 Accrued expenses 3,210 3,875 Total current liabilities 5,032 5,742 Long-term debt 7,610 7,155 Other liabilities 3,506 3,840 Equity Common stockholders' equity 20,689 21,636 Noncontrolling interests in subsidiaries 5,909 5,873 Total equity 26,598 27,509 Total liabilities and equity $ 42,746 $ 44,246 Page 5 Table 3 EMERSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (DOLLARS IN MILLIONS, UNAUDITED) Year Ended Sept 30 2023 2024 Operating activities Net earnings $ 13,200 $ 1,955 Earnings from discontinued operations, net of tax (10,939 ) (350 ) Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 1,051 1,689 Stock compensation 250 260 Amortization of acquisition-related inventory step-up — 231 Pension expense (71 ) (79 ) Pension funding (43 ) (38 ) Changes in operating working capital (148 ) (151 ) Gain on subordinated interest (161 ) (79 ) Loss on Copeland note receivable — 279 Other, net (429 ) (400 ) Cash from continuing operations 2,710 3,317 Cash from discontinued operations (2,073 ) 15 Cash provided by operating activities 637 3,332 Investing activities Capital expenditures (363 ) (419 ) Purchases of businesses, net of cash and equivalents acquired (705 ) (8,342 ) Proceeds from subordinated interest 176 79 Proceeds from related party note receivable 918 — Other, net (141 ) (114 ) Cash from continuing operations (115 ) (8,796 ) Cash from discontinued operations 12,530 3,436 Cash provided by (used in) investing activities 12,415 (5,360 ) Financing activities Net increase (decrease) in short-term borrowings (1,578 ) (15 ) Proceeds from short-term borrowings greater than three months 395 322 Payments of short-term borrowings greater than three months (400 ) (327 ) Payments of long-term debt (741 ) (547 ) Dividends paid (1,198 ) (1,201 ) Purchases of common stock (2,000 ) (435 ) AspenTech purchases of common stock (214 ) (208 ) Payment of related party note payable (918 ) — Other, net (169 ) (44 ) Cash provided by (used in) financing activities (6,823 ) (2,455 ) Effect of exchange rate changes on cash and equivalents 18 20 Increase (Decrease) in cash and equivalents 6,247 (4,463 ) Beginning cash and equivalents 1,804 8,051 Ending cash and equivalents $ 8,051 $ 3,588 Page 6 Table 4 EMERSON AND SUBSIDIARIES SEGMENT SALES AND EARNINGS (AMOUNTS 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 Sept 30 2023 2024 Reported Underlying Sales Final Control $ 1,081 $ 1,167 8 % 7 % Measurement & Analytical 1,045 1,119 7 % 7 % Discrete Automation 666 643 (3 )% (4 )% Safety & Productivity 354 352 (1 )% (1 )% Intelligent Devices $ 3,146 $ 3,281 4 % 4 % Control Systems & Software 714 780 9 % 9 % Test & Measurement — 360 AspenTech 249 215 (13 )% (13 )% Software and Control $ 963 $ 1,355 41 % 3 % Eliminations (19 ) (17 ) Total $ 4,090 $ 4,619 13 % 4 % Sales Growth by Geography Quarter Ended Sept 30 Americas 4 % Europe — % Asia, Middle East & Africa 6 % Page 7 Table 4 cont. Year Ended Sept 30 2023 2024 Reported Underlying Sales Final Control $ 3,970 $ 4,204 6 % 6 % Measurement & Analytical 3,595 4,061 13 % 14 % Discrete Automation 2,635 2,506 (5 )% (5 )% Safety & Productivity 1,388 1,390 — % — % Intelligent Devices $ 11,588 $ 12,161 5 % 5 % Control Systems & Software 2,606 2,842 9 % 10 % Test & Measurement — 1,464 AspenTech 1,042 1,093 5 % 5 % Software and Control $ 3,648 $ 5,399 48 % 8 % Eliminations (71 ) (68 ) Total $ 15,165 $ 17,492 15 % 6 % Sales Growth by Geography Year Ended Sept 30 Americas 4 % Europe 7 % Asia, Middle East & Africa 8 % Page 8 Table 4 cont. Quarter Ended Sept 30 Quarter Ended Sept 30 2023 2024 As Reported (GAAP) Adjusted EBITA (Non-GAAP) As Reported (GAAP) Adjusted EBITA (Non-GAAP) Earnings Final Control $ 247 $ 285 $ 271 $ 305 Margins 22.9 % 26.4 % 23.2 % 26.1 % Measurement & Analytical 275 298 295 326 Margins 26.3 % 28.4 % 26.4 % 29.2 % Discrete Automation 131 145 144 154 Margins 19.7 % 21.8 % 22.3 % 23.9 % Safety & Productivity 78 83 78 90 Margins 21.9 % 23.5 % 22.2 % 25.4 % Intelligent Devices $ 731 $ 811 $ 788 $ 875 Margins 23.2 % 25.8 % 24.0 % 26.6 % Control Systems & Software 151 158 177 188 Margins 21.1 % 22.2 % 22.7 % 24.3 % Test & Measurement — — (45 ) 96 Margins (12.4 )% 26.7 % AspenTech (47 ) 76 (79 ) 51 Margins (18.7 )% 30.2 % (36.7 )% 23.2 % Software and Control $ 104 $ 234 $ 53 $ 335 Margins 10.8 % 24.3 % 3.9 % 24.7 % Corporate items and interest expense, net: Stock compensation $ (52 ) $ (52 ) $ (57 ) $ (52 ) Unallocated pension and postretirement costs 38 38 37 37 Corporate and other (70 ) (41 ) (124 ) (60 ) Gain on subordinated interest 161 — — — Interest (expense) income, net 77 — (18 ) — Interest income from related party 1 31 — — — Pretax Earnings / Adjusted EBITA $ 1,020 $ 990 $ 679 $ 1,135 Margins 24.9 % 24.2 % 14.7 % 24.6 % Supplemental Total Segment Earnings: Adjusted Total Segment EBITA $ 1,045 $ 1,210 Margins 25.5 % 26.2 % 1 Represents interest on the Copeland note receivable. Page 9 Year Ended Sept 30 Year Ended Sept 30 2023 2024 As Reported (GAAP) Adjusted EBITA (Non-GAAP) As Reported (GAAP) Adjusted EBITA (Non-GAAP) Earnings Final Control $ 865 $ 981 $ 977 $ 1,081  Margins 21.8 % 24.7 % 23.2 % 25.7 % Measurement & Analytical 936 976 1,056 1,137 Margins 26.0 % 27.1 % 26.0 % 28.0 % Discrete Automation 509 565 466 535 Margins 19.3 % 21.4 % 18.6 % 21.3 % Safety & Productivity 306 332 308 341 Margins 22.0 % 23.9 % 22.2 % 24.5 % Intelligent Devices $ 2,616 $ 2,854 $ 2,807 $ 3,094 Margins 22.6 % 24.6 % 23.1 % 25.4 % Control Systems & Software 529 560 645 686 Margins 20.3 % 21.5 % 22.7 % 24.1 % Test & Measurement — — (290 ) 351 Margins (19.8 )% 24.0 % AspenTech (107 ) 380 (73 ) 421 Margins (10.3 )% 36.4 % (6.7 )% 38.5 % Software and Control $ 422 $ 940 $ 282 $ 1,458 Margins 11.6 % 25.8 % 5.2 % 27.0 % Corporate items and interest expense, net: Stock compensation (250 ) (250 ) (260 ) (202 ) Unallocated pension and postretirement costs 171 171 144 144 Corporate and other (224 ) (159 ) (664 ) (168 ) Gain on subordinated interest 161 — 79 — Loss on Copeland note receivable — — (279 ) — Interest (expense) income, net (34 ) — (175 ) — Interest income from related party 1 41 — 86 — Pretax Earnings / Adjusted EBITA $ 2,903 $ 3,556 $ 2,020 $ 4,326 Margins 19.1 % 23.4 % 11.5 % 24.7 % Supplemental Total Segment Earnings: Adjusted Total Segment EBITA $ 3,794 $ 4,552 Margins 25.0 % 26.0 % 1 Represents interest on the Copeland note receivable. Page 10 Table 4 cont. Quarter Ended Sept 30 Quarter Ended Sept 30 2023 2024 Amortization of Intangibles 1 Restructuring and Related Costs 2 Amortization of Intangibles 1 Restructuring and Related Costs 2 Final Control $ 22 $ 16 $ 22 $ 12 Measurement & Analytical 12 11 12 19 Discrete Automation 7 7 8 2 Safety & Productivity 6 (1 ) 7 5 Intelligent Devices $ 47 $ 33 $ 49 $ 38 Control Systems & Software 5 2 4 7 Test & Measurement — — 141 — AspenTech 122 1 122 8 Software and Control $ 127 $ 3 $ 267 $ 15 Corporate — 2 — 11 Total $ 174 $ 38 $ 316 $ 64 1 Amortization of intangibles includes $49 and $49 reported in cost of sales for the three months ended September 30, 2023 and 2024, respectively. 2 Restructuring and related costs includes $7 and $6 reported in cost of sales and selling, general and administrative expenses for the three months ended September 30, 2023 and 2024, respectively. Year Ended Sept 30 Year Ended Sept 30 2023 2024 Amortization of Intangibles 1 Restructuring and Related Costs 2 Amortization of Intangibles 1 Restructuring and Related Costs 2 Final Control $ 88 $ 28 $ 87 $ 17 Measurement & Analytical 27 13 55 26 Discrete Automation 29 27 34 35 Safety & Productivity 26 — 26 7 Intelligent Devices $ 170 $ 68 $ 202 $ 85 Control Systems & Software 22 9 26 15 Test & Measurement — — 560 81 AspenTech 486 1 486 8 Software and Control $ 508 $ 10 $ 1,072 $ 104 Corporate — 14 — 55 Total $ 678 $ 92 $ 1,274 $ 244 1 Amortization of intangibles includes $196 and $196 reported in cost of sales for the twelve months ended September 30, 2023 and 2024, respectively. 2 Restructuring and related costs includes $20 and $16 reported in cost of sales and selling, general and administrative expenses for the twelve months ended September 30, 2023 and 2024, respectively. Page 11 Quarter Ended Sept 30 2023 2024 Depreciation and Amortization Final Control $ 41 $ 39 Measurement & Analytical 37 33 Discrete Automation 21 22 Safety & Productivity 13 15 Intelligent Devices 112 109 Control Systems & Software 23 26 Test & Measurement — 153 AspenTech 123 124 Software and Control 146 303 Corporate 13 14 Total $ 271 $ 426 Year Ended Sept 30 2023 2024 Depreciation and Amortization Final Control $ 170 $ 159 Measurement & Analytical 121 138 Discrete Automation 84 87 Safety & Productivity 57 58 Intelligent Devices 432 442 Control Systems & Software 90 101 Test & Measurement — 607 AspenTech 492 493 Software and Control 582 1,201 Corporate 37 46 Total $ 1,051 $ 1,689 Page 12 Table 5 EMERSON AND SUBSIDIARIES ADJUSTED CORPORATE AND OTHER SUPPLEMENTAL (AMOUNTS IN MILLIONS, UNAUDITED) The following table shows the Company's corporate and other expenses on an adjusted basis. 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 Sept 30, 2023 2024 Stock compensation (GAAP) $ (52 ) $ (57 ) Integration-related stock compensation expense — 5 1 Adjusted stock compensation (non-GAAP) $ (52 ) $ (52 ) Quarter Ended Sept 30 2023 2024 Corporate and other (GAAP) $ (70 ) $ (124 ) Corporate restructuring and related costs 2 9 National Instruments investment gain (9 ) — Acquisition / divestiture costs 36 46 Loss on divestiture of business — 9 Adjusted corporate and other (Non-GAAP) $ (41 ) $ (60 ) Year Ended Sept 30, 2023 2024 Stock compensation (GAAP) $ (250 ) $ (260 ) Integration-related stock compensation expense — 58 2 Adjusted stock compensation (non-GAAP) $ (250 ) $ (202 ) Year Ended Sept 30 2023 2024 Corporate and other (GAAP) $ (224 ) $ (664 ) Corporate restructuring and related costs 14 12 National Instruments investment gain (56 ) — Loss on divestiture of businesses — 48 Acquisition / divestiture costs 84 205 Russia business exit 47 — AspenTech Micromine purchase price hedge (24 ) — Amortization of acquisition-related inventory step-up — 231 Adjusted corporate and other (Non-GAAP) $ (159 ) $ (168 ) 1 Integration-related stock compensation expense relates to NI and includes $2 reported as restructuring costs 2 Integration-related stock compensation expense relates to NI and includes $43 reported as restructuring costs Page 13 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, gains or losses on the Copeland equity method investment, and certain gains, losses or impairments. Adjusted earnings per share excludes intangibles amortization expense, restructuring expense, first year purchase accounting related items and transaction fees, interest income on undeployed proceeds, gains or losses on the Copeland equity method investment, 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 Sept 30 2023 2024 Pretax earnings $ 1,020 $ 679 Percent of sales 24.9 % 14.7 % Interest expense (income), net (77 ) 18 Interest income from related party 1 (31 ) — Amortization of intangibles 174 316 Restructuring and related costs 38 64 Acquisition/divestiture fees and related costs 36 49 Gain on subordinated interest (161 ) — National Instruments investment gain (9 ) — Loss on divestiture of business — 9 Adjusted EBITA $ 990 $ 1,135 Percent of sales 24.2 % 24.6 % Quarter Ended Sept 30 2023 2024 GAAP earnings from continuing operations per share $ 1.36 $ 0.97 Amortization of intangibles 0.16 0.35 Restructuring and related costs 0.07 0.08 Acquisition/divestiture fees and related costs 0.06 0.06 Gain on subordinated interest (0.21 ) — National Instruments investment gain (0.01 ) — Loss on divestiture of business — 0.02 Interest income on undeployed proceeds from Copeland transaction (0.14 ) — Adjusted earnings from continuing operations per share $ 1.29 $ 1.48 Less: AspenTech contribution to adjusted earnings per share (0.06 ) (0.04 ) Adjusted earnings per share excluding AspenTech contribution $ 1.23 $ 1.44 1 Represents interest on the Copeland note receivable Page 14 Year Ended Sept 30 2023 2024 Pretax earnings $ 2,903 $ 2,020 Percent of sales 19.1 % 11.5 % Interest expense (income), net 34 175 Interest income from related party 1 (41 ) (86 ) Amortization of intangibles 678 1,274 Restructuring and related costs 92 244 Amortization of acquisition-related inventory step-up — 231 Acquisition/divestiture fees and related costs 84 220 Loss on divestiture of businesses — 48 Loss on Copeland note receivable — 279 Gain on subordinated interest (161 ) (79 ) National Instruments investment gain (56 ) — AspenTech Micromine purchase price hedge (24 ) — Russia business exit charge 47 — Adjusted EBITA $ 3,556 $ 4,326 Percent of sales 23.4 % 24.7 % Year Ended Sept 30 2023 2024 GAAP earnings from continuing operations per share $ 3.96 $ 2.82 Amortization of intangibles 0.62 1.43 Restructuring and related costs 0.14 0.33 Amortization of acquisition-related inventory step-up — 0.38 Acquisition/divestiture fees and related costs 0.13 0.26 Loss on divestiture of businesses — 0.09 Loss on Copeland note receivable — 0.38 Discrete taxes — (0.10 ) Gain on subordinated interest (0.21 ) (0.10 ) National Instruments investment gain (0.07 ) — AspenTech Micromine purchase price hedge (0.02 ) — Interest income on undeployed proceeds from Copeland transaction (0.19 ) — Russia business exit charge 0.08 — Adjusted earnings from continuing operations per share $ 4.44 $ 5.49 Less: AspenTech contribution to adjusted earnings per share (0.27 ) (0.35 ) Adjusted earnings per share excluding AspenTech contribution $ 4.17 $ 5.14 1 Represents interest on the Copeland note receivable Page 15 Table 6 cont. Quarter Ended September 30, 2024 Pretax Earnings Income Taxes Earnings from Cont. Ops. Non-Controlling Interests 3 Net Earnings Common Stockholders Diluted Earnings Per Share As reported (GAAP) $ 679 $ 149 $ 530 $ (28 ) $ 558 $ 0.97 Amortization of intangibles 316 1 74 242 40 202 0.35 Restructuring and related costs 64 2 16 48 3 45 0.08 Acquisition/divestiture and related costs 49 15 34 — 34 0.06 Loss on divestitures of businesses 9 — 9 — 9 0.02 Adjusted (Non-GAAP) $ 1,117 $ 254 $ 863 $ 15 $ 848 $ 1.48 Interest expense, net $ 18 Adjusted EBITA (Non-GAAP) $ 1,135 1 Amortization of intangibles includes $49 reported in cost of sales. 2 Restructuring and related costs includes $3 reported in cost of sales. 3 Represents the non-controlling interest in AspenTech applied to AspenTech's share of each adjustment presented herein and eliminated from Emerson's consolidated results. Page 16 Year Ended September 30, 2024 Pretax Earnings Income Taxes Earnings from Cont. Ops. Non-Controlling Interests 3 Net Earnings Common Stockholders Diluted Earnings Per Share As reported (GAAP) $ 2,020 $ 415 $ 1,605 $ (13 ) $ 1,618 $ 2.82 Amortization of intangibles 1,274 1 294 980 162 818 1.43 Restructuring and related costs 244 2 53 191 3 188 0.33 Acquisition/divestiture and related costs 220 59 161 — 161 0.26 Gain on subordinated interest (79 ) (19 ) (60 ) — (60 ) (0.10 ) Loss on Copeland note receivable 279 62 217 — 217 0.38 Loss on divestiture of businesses 48 (2 ) 50 — 50 0.09 Amortization of acquisition-related inventory step-up 231 14 217 — 217 0.38 Discrete taxes — 57 (57 ) — (57 ) (0.10 ) Adjusted (Non-GAAP) $ 4,237 $ 933 $ 3,304 $ 152 $ 3,152 $ 5.49 Interest expense, net 175 Interest income from related party 4 (86 ) Adjusted EBITA (Non-GAAP) $ 4,326 1 Amortization of intangibles includes $196 reported in cost of sales. 2 Restructuring and related costs includes $9 reported in cost of sales. 3 Represents the non-controlling interest in AspenTech applied to AspenTech's share of each adjustment presented herein and eliminated from Emerson's consolidated results. 4 Represents interest on the Copeland note receivable. Page 17 Table 7 EMERSON AND SUBSIDIARIES ASPENTECH CONTRIBUTION TO EMERSON RESULTS SUPPLEMENTAL (AMOUNTS IN MILLIONS EXCEPT PER SHARE, UNAUDITED) The following tables reconcile the financial results of AspenTech reported to its shareholders with the amounts included in Emerson's consolidated financial resu lts. Emerson currently owns approximately 57 percent of the common shares outstanding of AspenTech, a separately traded public company (NASDAQ: AZPN), and consolidates AspenTech in its financial results. The 43 percent non-controlling interest in AspenTech is removed from Emerson's net earnings common stockholders through the non-controlling interest line item. Aspe nTech is also one of Emerson's segments and its GAAP segment earnings is reconciled below to its consolidated impact to clarify that certain items are reported outside of its segment earnings within Emerson corporate, including interest income, stock compensation and the Micromine purchase price hedge. Quarter Ended September 30, 2024 Pretax Earnings Income Taxes (Benefit) Earnings from Cont. Ops. Non-Controlling Interests 4 Net Earnings Common Stockholders Diluted Earnings Per Share Standalone reporting (GAAP) $ (77 ) 1 $ (17 ) $ (60 ) Other 1 6 (5 ) Reported in Emerson consolidation (GAAP) (76 ) (11 ) (65 ) (27 ) (38 ) $ (0.07 ) Adjustments: Amortization of intangibles 122 2 28 94 40 54 0.10 Restructuring 8 1 7 3 4 0.01 Adjusted (Non-GAAP) $ 54 $ 18 $ 36 $ 16 $ 20 $ 0.04 Interest income (17 ) 3 Stock compensation 14 3 Adjusted Segment EBITA (Non-GAAP) $ 51 Reconciliation to Segment EBIT Pre-tax earnings $ (76 ) Interest income (17 ) 3 Stock compensation 14 3 Segment EBIT (GAAP) $ (79 ) Amortization of intangibles 122 2 Restructuring 8 Adjusted Segment EBITA (Non-GAAP) $ 51 1 Amount reflects AspenTech's pretax earnings for the three months ended September 30, 2024 as reported in its quarterly earnings release 8-K. 2 Amortization of intangibles includes $48 reported in cost of sales. 3 Reported in Emerson corporate line items. 4 Represents the non-controlling interest in AspenTech applied to each adjustment presented herein and eliminated from Emerson's consolidated results. Page 18 Year Ended September 30, 2024 Pretax Earnings Income Taxes (Benefit) Earnings from Cont. Ops. Non-Controlling Interests 4 Net Earnings Common Stockholders Diluted Earnings Per Share Standalone reporting (GAAP) $ (69 ) 1 $ (33 ) $ (36 ) Other (2 ) (1 ) (1 ) Reported in Emerson consolidation (GAAP) (71 ) (34 ) (37 ) (16 ) (21 ) $ (0.04 ) Adjustments: Amortization of intangibles 486 2 107 379 162 217 0.38 Restructuring 8 1 7 3 4 0.01 Adjusted (Non-GAAP) $ 423 $ 74 $ 349 $ 149 $ 200 $ 0.35 Interest income (57 ) 3 Stock compensation 55 3 Adjusted Segment EBITA (Non-GAAP) $ 421 Reconciliation to Segment EBIT Pre-tax earnings $ (71 ) Interest income (57 ) 3 Stock compensation 55 3 Segment EBIT (GAAP) $ (73 ) Amortization of intangibles 486 2 Restructuring 8 Adjusted Segment EBITA (Non-GAAP) $ 421 1 Amount reflects AspenTech's pretax earnings for the twelve months ended September 30, 2024, derived from AspenTech's results for the year ended June 30, 2024 as reported in their Annual Report on Form 10-K, the results for the three months ended September 30, 2023 as reported in their Form 10-Q, and the results for the three months ended September 30, 2024 as reported in its quarterly earnings release 8-K. 2 Amortization of intangibles includes $193 reported in cost of sales. 3 Reported in Emerson corporate line items. 4 Represents the non-controlling interest in AspenTech applied to each adjustment presented herein and eliminated from Emerson's consolidated results. Page 19 Reconciliations of Non-GAAP Financial Measures & Other Table 8 Reconciliations of Non-GAAP measures with the most directly comparable GAAP measure (dollars in millions, except per share amounts). See tables 4 through 7 for ad ditional non-GAAP reconciliations. Q4 FY24 Underlying Sales Change Reported (Favorable) / Unfavorable FX (Acquisitions) / Divestitures Underlying Final Control 8 % (1 )% — % 7 % Measurement & Analytical 7 % — % — % 7 % Discrete Automation (3 )% (1 )% — % (4 )% Safety & Productivity (1 )% — % — % (1 )% Intelligent Devices 4 % — % 4 % Control Systems & Software 9 % — % — % 9 % Test & Measurement AspenTech (13 )% — % — % (13 )% Software and Control 41 % — % (38 )% 3 % Emerson 13 % — % (9 )% 4 % Year Ended Sept 30, 2024 Underlying Sales Change Reported (Favorable) / Unfavorable FX (Acquisitions) / Divestitures Underlying Final Control 6 % — % — % 6 % Measurement & Analytical 13 % — % 1 % 14 % Discrete Automation (5 )% — % — % (5 )% Safety & Productivity — % — % — % — % Intelligent Devices 5 % — % — % 5 % Control Systems & Software 9 % — % 1 % 10 % Test & Measurement AspenTech 5 % — % — % 5 % Software and Control 48 % — % (40 )% 8 % Emerson 15 % — % (9 )% 6 % Underlying Growth Guidance 2025 Q1 Guidance 2025 Guidance Reported (GAAP) 2.5% - 3.5% 3.5% - 5.5% (Favorable) / Unfavorable FX ~(0.5) pts ~(0.5) pts (Acquisitions) / Divestitures - - Underlying (non-GAAP) 2% - 3% 3% - 5% Page 20 2023 Q4 Adjusted Segment EBITA EBIT EBIT Margin Amortization of Intangibles Restructuring and Related Costs Adjusted Segment EBITA Adjusted Segment EBITA Margin Final Control $ 247 22.9 % $ 22 $ 16 $ 285 26.4 % Measurement & Analytical 275 26.3 % 12 11 298 28.4 % Discrete Automation 131 19.7 % 7 7 145 21.8 % Safety & Productivity 78 21.9 % 6 (1 ) 83 23.5 % Intelligent Devices $ 731 23.2 % $ 47 $ 33 $ 811 25.8 % Control Systems & Software 151 21.1 % 5 2 158 22.2 % Test & Measurement AspenTech (47 ) (18.7 )% 122 1 76 30.2 % Software and Control $ 104 10.8 % $ 127 $ 3 $ 234 24.3 % 2024 Q4 Adjusted Segment EBITA EBIT EBIT Margin Amortization of Intangibles Restructuring and Related Costs Adjusted Segment EBITA Adjusted Segment EBITA Margin Final Control $ 271 23.2 % $ 22 $ 12 $ 305 26.1 % Measurement & Analytical 295 26.4 % 12 19 326 29.2 % Discrete Automation 144 22.3 % 8 2 154 23.9 % Safety & Productivity 78 22.2 % 7 5 90 25.4 % Intelligent Devices $ 788 24.0 % $ 49 $ 38 $ 875 26.6 % Control Systems & Software 177 22.7 % 4 7 188 24.3 % Test & Measurement (45 ) (12.4 )% 141 — 96 26.7 % AspenTech (79 ) (36.7 )% 122 8 51 23.2 % Software and Control $ 53 3.9 % $ 267 $ 15 $ 335 24.7 % Total Adjusted Segment EBITA 2023 Q4 2024 Q4 Pretax earnings (GAAP) $ 1,020 $ 679 Margin 24.9 % 14.7 % Corporate items and interest expense, net (185 ) 162 Amortization of intangibles 174 316 Restructuring and related costs 36 53 Adjusted segment EBITA (non-GAAP) $ 1,045 $ 1,210 Margin 25.5 % 26.2 % Page 21 2023 Adjusted Segment EBITA EBIT EBIT Margin Amortization of Intangibles Restructuring and Related Costs Adjusted Segment EBITA Adjusted Segment EBITA Margin Final Control $ 865 21.8 % $ 88 $ 28 $ 981 24.7 % Measurement & Analytical 936 26.0 % 27 13 976 27.1 % Discrete Automation 509 19.3 % 29 27 565 21.4 % Safety & Productivity 306 22.0 % 26 — 332 23.9 % Intelligent Devices $ 2,616 22.6 % $ 170 $ 68 $ 2,854 24.6 % Control Systems & Software 529 20.3 % 22 9 560 21.5 % Test & Measurement AspenTech (107 ) (10.3 )% 486 1 380 36.4 % Software and Control $ 422 11.6 % $ 508 $ 10 $ 940 25.8 % 2024 Adjusted Segment EBITA EBIT EBIT Margin Amortization of Intangibles Restructuring and Related Costs Adjusted Segment EBITA Adjusted Segment EBITA Margin Final Control $ 977 23.2 % $ 87 $ 17 $ 1,081 25.7 % Measurement & Analytical 1,056 26.0 % 55 26 1,137 28.0 % Discrete Automation 466 18.6 % 34 35 535 21.3 % Safety & Productivity 308 22.2 % 26 7 341 24.5 % Intelligent Devices $ 2,807 23.1 % $ 202 $ 85 $ 3,094 25.4 % Control Systems & Software 645 22.7 % 26 15 686 24.1 % Test & Measurement (290 ) (19.8 )% 560 81 351 24.0 % AspenTech (73 ) (6.7 )% 486 8 421 38.5 % Software and Control $ 282 5.2 % $ 1,072 $ 104 $ 1,458 27.0 % Total Adjusted Segment EBITA 2023 2024 Pretax earnings (GAAP) $ 2,903 $ 2,020 Margin 19.1 % 11.5 % Corporate items and interest expense, net 135 1,069 Amortization of intangibles 678 1,274 Restructuring and related costs 78 189 Adjusted segment EBITA (non-GAAP) $ 3,794 $ 4,552 Margin 25.0 % 26.0 % Free Cash Flow 2023 Q4 2024 Q4 Operating cash flow (GAAP) $ 991 $ 1,073 Capital expenditures (169 ) (168 ) Free cash flow (non-GAAP) $ 822 $ 905 Free Cash Flow FY23 FY24 2025E ($ in billions) Operating cash flow (GAAP) $ 2,710 $ 3,317 $3.6 - $3.7 Capital expenditures (363 ) (419 ) ~(0.4) Free cash flow (non-GAAP) $ 2,347 $ 2,898 $3.2 - $3.3 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.

the item shown at left

other guidance in this release

Text is the filed exhibit, verbatim.