2022 Q3 Financial Results slide image

2022 Q3 Financial Results

2022 Q3 Significant Items ASPENTECH TRANSACTION On May 16, 2022, Emerson completed its transaction with Aspen Tech. In exchange for 55% ownership of the new Aspen Tech, Emerson contributed two business - OSI and Geological Simulation Software (now Subsurface Science and Engineering, or SSE) – plus $6B of cash to Aspen Tech stockholders. Previously reported in Automation Solutions, OSI and SSE have been reclassified to a newly created AspenTech segment for Q3 and all previous quarters. These businesses are not included in all Automation Solutions metrics including three-month trailing underlying orders, net sales, underlying sales*, segment EBIT, segment adjusted EBITA* and backlog. Additional reclassification details can be found in the Appendix of this presentation. The new Aspen Tech segment includes full quarter results for OSI and SSE, and heritage AspenTech since May 16, 2022. THERM-O-DISC DIVESTITURE On May 31, 2022, Emerson completed the divestiture of Therm-O-Disc which was previously reported in Commercial & Residential Solutions (Climate Technologies), Therm-O-Disc has been excluded from three-month trailing underlying orders, underlying sales* and backlog calculations for Emerson and Commercial & Residential Solutions. RUSSIA EXIT As part of its previously announced Russia exit, Emerson is including the following items in the third quarter: Pre-tax loss of $162M ($174M after-tax, $0.29 per share) - $32M loss in operating profit and $130M reported in other deductions . $132M of debooking in Automation Solutions reflected in backlog 8
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