Innovation Engine Report

Earnings Per Share Earnings per share (GAAP) Reconciliation Of Non-GAAP Measures This information reconciles non-GAAP measures with the most directly comparable GAAP measure (dollars in millions, except per share amounts) Amortization of intangibles Restructuring and related costs Russia business exit AspenTech Micromine purchase price hedge Acquisition/divestiture fees & interest on pre-acquisition debt Gain on subordinated interest Investment-related gains National Instruments investment gain Interest income on undeployed proceeds Interest on note receivable from Climate Technologies Copeland equity loss Adjusted earnings per share (non-GAAP) August Guidance Midpoint FY23E FY22 Change May Guidance FY23E October Guidance FY23E $3.54 - $3.59 $3.16 ~13% $3.58 - $3.68 $3.51 - $3.66 ~0.61 0.45 ~0.61 ~0.16 0.14 ~0.12 ~0.61 -0.13 -0.08 0.32 -0.08 ~(0.02) 0.04 ~(0.02) --- ~0.10 0.15 -0.06 (0.60) (0.02) ~(0.07) ~(0.05) ~(0.19) ~(0.17) ~(0.06) ~(0.15) ~(0.10) -0.19 $4.40 - $4.45 $3.64 -22% $4.15 - $4.25 $4.00 - $4.15 Adjusted Earnings from Continuing Operations Q3 FY23 Earnings from continuing operations (GAAP) $603 Interest income on undeployed proceeds Amortization of intangibles Restructuring and related costs Acquisition/divestiture costs National Instruments investment gain Copeland equity method investment loss AspenTech Micromine purchase price hedge Adjusted earnings from continuing operations (non-GAAP) 130 10 36 (9) (27) 51 (2) $792 References to underlying orders and underlying sales in this presentation exclude the impact of acquisitions, divestitures and currency translation 24 EMERSON

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