2022 Q3 Financial Results
Segment Details - Reclassified Financials
Following Emerson's transaction with AspenTech, Emerson contributed two software businesses (OSI and Subsurface Science and Engineering, or SSE) to AspenTech. These businesses,
previously reported in Automation Solutions, have been reclassified to the Aspen Tech segment for the current quarter and all history. The below tables provide details on the reclassification.
The information provided below, which has been reclassified to conform to the current presentation, does not represent a restatement of previously issued financial statements and should be read
in conjunction with the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Sales (M)
Q1
Q2
2021
Q3
2022
Q4
Fiscal Year
Q1
Q2
Q3
Automation Solutions
Aspen Tech
$2,619
$2,708
$2,865
$3,100
$11,292
$2,725
$2,853
$2,872
$73
$85
$82
$79
$319
$82
$84
$239
OSI/SSE
$73
$85
$82
$79
$319
$82
$84
$66
Heritage Aspen Tech
$173
EBIT (M)
2021
2022
Q1
Q2
Q3
Q4
Fiscal Year
Q1
Q2
Q3
Automation Solutions
$368
$467
$519
$601
$1,955
$528
$560
$530
Aspen Tech
($7)
OSI/SSE
($7)
Heritage Aspen Tech
12 1
$4
$2
($6)
($7)
($2)
($4)
$57
$4
$2
($6)
($7)
($2)
($4)
($21)
$78
EBIT Margin
2021
2022
Q1
Q2
Q3
Q4
Fiscal Year
Q1
Q2
Q3
Automation Solutions
14.1%
17.2%
18.1%
19.4%
17.3%
19.4%
19.6%
18.5%
Aspen Tech
(10.2%)
4.8%
2.2%
(7.5%)
(2.3%)
(2.3%)
(5.0%)
23.7%
OSI/SSE
(10.2%)
4.8%
2.0%
(7.5%)
(2.3%)
(2.3%)
(5.0%)
(31.8%)
45.1%
Heritage Aspen Tech
22
Note: Heritage Aspen Tech only included as of May 16, 2022View entire presentation