2022 Q3 Financial Results
2022 Guidance
May 2022
Guidance
8% - 10%
August 2022
Guidance
7% - 8%
ENVIRONMENT /
KEY ASSUMPTIONS
Net Sales Growth
Acquisitions
Divestitures
~0 pts
1-2 pts
~0 pts
(~1 pt)
FX
(~1 pt)
(2-3 pts)
Underlying Sales Growth*
9% -11%
Automation Solutions
7% -9%
Commercial & Residential Solutions
12% -14%
Restructuring Actions
~$150M
~$150M
Tax Rate
~22%
~22%
Operating Cash Flow
Capital Spend
Free Cash Flow*
Dividend
Share Repurchase
GAAP EPS
-$3.6B
-$3.0B
-$600M
~$525M
~$3.0B
-$2.5B
~$1.2B
~$1.2B
$250M - $500M
~$500M
Adjusted EPS*
$4.77 - $4.92
$4.95 - $5.10
$5.25 - $5.35
$5.05 - $5.15
9% - 10%
6% -7%
13% -14%
Order strength and backlog support Q4 growth
Supply chain constraints persist; electronic
component availability remains stable but challenging
de-commits expected to reduce in Q4
-
Inflationary pressure continues; incremental price
programs to offset
Remain vigilant on China – not anticipating further
COVID-19 related lockdowns or constraints in Q4
Note: Underlying sales growth* excludes heritage AspenTech, Therm-O-Disc (previously reported in Commercial & Residential Solutions) and Emerson's businesses contributed to AspenTech
(previously reported in Automation Solutions)
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