Financial Performance - Emerson's consolidated net sales for Q3 fiscal 2025 were $4.6 billion, a 4% increase compared to the prior year, with underlying sales up 3%[70]. - Earnings from continuing operations attributable to common stockholders were $580 million, up 68%, with diluted earnings per share increasing to $1.03, a 72% rise from $0.60 in the prior year[71][82]. - Adjusted diluted earnings per share from continuing operations were $1.52, reflecting a 6% increase compared to $1.43 in the prior year, driven by sales growth and strong operating performance[82]. - Gross profit for Q3 fiscal 2025 was $2.4 billion, a 3% increase, with a gross margin of 52.6%, down 0.2 percentage points from the prior year[76][77]. - Pretax earnings from continuing operations were $734 million, a 61% increase compared to the prior year, reflecting strong performance across segments[80]. - Earnings from continuing operations before income taxes for the first nine months of 2025 were $2.1 billion, a 59% increase compared to the prior year[103]. - Diluted earnings per share from continuing operations increased to $2.91, up 58% from $1.84 in 2024[98]. Sales Performance - Intelligent Devices sales reached $3.1 billion, a 4% increase, with underlying sales up 3% driven by a 2.5% price increase and 0.5% higher volume[87]. - Software and Control sales reached $1.4 billion in Q3 2025, a 3% increase year-over-year, with underlying sales up 2% driven by higher prices[88]. - Net sales for the first nine months of 2025 were $13.2 billion, a 2% increase compared to 2024, with Software and Control sales up 4%[91]. - Intelligent Devices sales for the first nine months of 2025 were $9.0 billion, an increase of $117 million, or 1 percent, driven by a 4 percent increase in the Americas[105]. - Software and Control sales reached $4,217 million in the first nine months of 2025, an increase of $173 million, or 4 percent, with Control Systems & Software sales up 7 percent[107]. Cost and Expenses - Selling, general and administrative (SG&A) expenses were $1.3 billion, a 1% increase, while SG&A as a percentage of sales decreased to 27.8%[78]. - SG&A expenses decreased by 1% to $3.8 billion, with SG&A as a percentage of sales improving to 28.7%[91]. - Earnings for Software and Control increased by $112 million, or 87%, with a margin improvement of 7.5 percentage points, attributed to cost reduction actions and lower amortization costs[88]. Adjusted Metrics - Adjusted EBITA from continuing operations was $1.2 billion, a 2% increase, with an adjusted EBITA margin of 26.0%[85]. - Adjusted EBITA for the first nine months of 2025 was $3.4 billion, a 7% increase, with an adjusted EBITA margin of 26.0%[103]. - Adjusted EBITA for Software and Control rose by 21 percent to $1,356 million, with an adjusted EBITA margin of 32.2 percent, an increase of 4.4 percentage points[107]. Cash Flow and Debt - Operating cash flow from continuing operations for the first nine months of fiscal 2025 was $2,664 million, an increase of $420 million compared to the prior year[113]. - Free cash flow from continuing operations was $2,401 million, reflecting an increase of $408 million compared to $1,993 million in 2024[113]. - Total debt-to-total capital ratio increased to 41.7 percent as of June 30, 2025, compared to 26.2 percent as of September 30, 2024, due to increased borrowings for the AspenTech transaction[110]. Future Outlook - The company expects consolidated net sales for fiscal year 2025 to increase by approximately 3.5 percent, with earnings per share projected at approximately $4.08[116]. - The company plans to return approximately $2.3 billion to shareholders through share repurchases of $1.1 billion and dividend payments of $1.2 billion[117]. - The interest coverage ratio improved to 9.6X for the 12 months ended June 30, 2025, compared to 8.5X for the same period in 2024[111]. Acquisitions - The acquisition of AspenTech for approximately $7.2 billion was completed, and its results are now consolidated into the Control Systems & Software segment[69].

| (dollars in millions, except per share) | 2024 Q3 | 2025 Q3 | Change | | --- | --- | --- | --- | | 2 Underlying Orders | | | 4% | | Net Sales | $4,380 | $4,553 | 4% | | 3 Underlying Sales | | | 3% | | Pretax Earnings | $455 | $734 | | | Margin | 10.4% | 16.1% | 570 bps | | 4 Adjusted Segment EBITA | $1,189 | $1,232 | | | Margin | 27.1% | 27.1% | 0 bps | | GAAP Earnings Per Share | $0.60 | $1.03 | 72% | | 5 Adjusted Earnings Per Share | $1.43 | $1.52 | 6% | | Operating Cash Flow | $1,067 | $1,062 | —% | | ...

Core Viewpoint - Emerson reported strong third-quarter results for fiscal 2025, showcasing growth in net sales, earnings, and cash flow, while also providing an optimistic outlook for the remainder of the fiscal year [1][2][3]. Financial Performance - Net Sales for Q3 2025 reached $4,553 million, a 4% increase from Q3 2024's $4,380 million [1]. - Pretax Earnings increased significantly to $734 million in Q3 2025 from $455 million in Q3 2024, reflecting a margin improvement from 10.4% to 16.1% [1][36]. - GAAP Earnings Per Share (EPS) rose by 72% to $1.03 from $0.60 year-over-year [1][36]. - Adjusted EPS increased by 6% to $1.52 from $1.43 in the same period [1][36]. - Operating Cash Flow remained stable at approximately $1,062 million, while Free Cash Flow slightly decreased to $970 million from $975 million [1][36]. Outlook for Fiscal Year 2025 - The company anticipates net and underlying sales growth of approximately 3.5% for the full fiscal year [3][4]. - GAAP EPS is projected to be around $4.08, with adjusted EPS expected to be approximately $6.00, both reflecting an increase from previous guidance [3][4]. - Operating Cash Flow and Free Cash Flow expectations have been raised to approximately $3.6 billion and $3.2 billion, respectively [3][4]. Management Commentary - Emerson's President and CEO, Lal Karsanbhai, emphasized the company's strong performance and operational resilience, highlighting advancements in industrial software capabilities and the adoption of digital solutions [2]. Segment Performance - The following segments showed growth in Q3 2025: - Final Control: Sales increased by 7% [19]. - Measurement & Analytical: Sales grew by 3% [19]. - Intelligent Devices: Sales rose by 4% [19]. - However, the Safety & Productivity segment experienced a decline of 1% [19]. Geographic Sales Growth - Sales growth varied by region in Q3 2025: - Americas: 7% growth - Europe: 7% decline - Asia, Middle East & Africa: 2% growth [20].

Core Insights - Emerson Electric Co. (EMR) is expected to report growth in both revenue and earnings for Q3 fiscal 2025, with revenue estimated at $4.58 billion, reflecting a 4.6% increase year-over-year [1][9] - The earnings consensus is set at $1.51 per share, indicating a 5.6% rise from the previous year, with a history of surpassing earnings estimates in the last four quarters [2][9] Revenue Performance - The Intelligent Devices segment is projected to see a revenue increase of 3.4% year-over-year to $3.10 billion, driven by strong performance in power end markets [3] - The Software and Control segment is anticipated to grow by 7.5% year-over-year to $1.50 billion, supported by momentum in AspenTech and the power and process markets [4] Strategic Acquisitions - Emerson has focused on expanding its product offerings through acquisitions, including the full acquisition of AspenTech in March 2025, which enhances its automation and software capabilities [5] - The acquisitions of Afag and Flexim in Q4 fiscal 2023 are expected to contribute positively to EMR's revenue by enhancing its factory automation and flow measurement capabilities [5] Cost and Margin Considerations - Rising costs and expenses related to acquisitions and restructuring may negatively impact EMR's margin performance [6] - Foreign currency fluctuations due to the company's extensive international operations could also affect margins and profitability [6] Earnings Prediction - The earnings model indicates a likelihood of an earnings beat for EMR, with an Earnings ESP of +0.39%, as the most accurate estimate is $1.52 per share, slightly above the consensus [7][8]

Summary of Emerald Resources (EMR) 2025 Conference Call Company Overview - **Company**: Emerald Resources (EMR) - **Industry**: Gold Mining - **Key Personnel**: Morgan Hart, Managing Director, with over 35 years of experience in the mining sector [1][2] Core Points and Arguments - **Investment Proposition**: Emerald has an organic pathway to become a multi-mine gold producer, targeting over 300,000 ounces per annum without further shareholder dilution, supported by cash reserves and an operational gold mine [5][38] - **Current Production**: The company has produced 410,000 ounces since commissioning in September 2021, with an all-in sustaining cash cost of $863 per ounce [6] - **Growth Projects**: - Acquisition of Bullseye Mining, which has a resource of 1,300,000 ounces [7] - Development of the Moat project in Cambodia, with a resource of 1,000,000 ounces at 1.9 grams [8] - **Financial Alignment**: 50% of the company is held by institutional investors, with over 18% owned by the board and management, indicating strong alignment with shareholder interests [9] Development and Exploration - **Upcoming Projects**: - Dingo Range project with a planned increase in production to closer to 400,000 ounces [11] - Mammoth project, which is expected to have high-grade mineralization and is in the process of finalizing licensing [8][26] - **Resource Growth**: Total resources have increased from 1,000,000 ounces to 3,600,000 ounces, achieved at a low cost of $18 to $20 per ounce [14] Environmental and Social Responsibility - **Tax Contributions**: Emerald is the second-largest taxpayer in Cambodia, contributing $52 million in taxes and royalties this year, with expectations to become the largest taxpayer as operations expand [16] - **Sustainability Initiatives**: The company has planted 115,000 trees as part of its carbon offset strategy, aiming for carbon neutrality in about seven years [34][35] Market Position and Future Outlook - **Market Conditions**: The company operates in a favorable gold market, with current gold prices above $3,300 [5] - **Production Strategy**: Plans to replace lower-grade open-cut material with higher-grade underground material to enhance production efficiency [19] - **Exploration Potential**: Significant underexplored areas in both Australia and Cambodia, with systematic exploration expected to yield additional resources [30][32] Additional Insights - **Operational Efficiency**: The company has a history of completing projects on time and within budget, with a processing plant built for $88 million [10] - **Community Engagement**: Efforts to relocate illegal miners and engage with local communities in a favorable manner [22][24] This summary encapsulates the key points discussed during the Emerald Resources conference call, highlighting the company's strategic direction, growth potential, and commitment to sustainability.

DIGGERS & DEALERS PRESENTATION - AUGUST 2025 For personal use only The Presentation Materials are not investment or financial product advice (nor tax, accounting or legal advice) and are not intended to be used for the basis of making an investment decision. Recipients should obtain their own advice before making any investment decision. Advancing from a single mine +100Koz p.a. gold producer to multi-mine +300Koz p.a. ASX:EMR Presentation Disclaimer DISCLAIMER These presentation materials and the accompany ...

Core Insights - Emerson Electric (EMR) is expected to report quarterly earnings of $1.51 per share, reflecting a year-over-year increase of 5.6% [1] - Revenue projections stand at $4.58 billion, indicating a 4.6% increase from the previous year [1] - Analysts have revised the consensus EPS estimate 0.4% lower over the last 30 days, indicating a reevaluation of initial estimates [1][2] Revenue Estimates - Analysts project 'Net Sales- Intelligent Devices- Total' to reach $3.10 billion, a change of +3.5% year-over-year [3] - 'Net Sales- Software And Control- Total' is expected to be $1.49 billion, suggesting a +6.9% change year-over-year [4] - 'Net Sales- Intelligent Devices- Safety & Productivity' is estimated at $345.21 million, indicating a -1.7% change [4] - 'Net Sales- Intelligent Devices- Measurement & Analytical' is projected at $1.02 billion, reflecting a +4.3% change [4] - 'Net Sales- Intelligent Devices- Final Control' is expected to be $1.10 billion, a +5.5% change year-over-year [5] - 'Net Sales- Intelligent Devices- Discrete Automation' is estimated at $633.56 million, indicating a +2.5% change [5] - 'Net Sales- Software and Control- Test & Measurement' is projected at $369.82 million, reflecting a +4.2% change [6] - 'Revenue- Software And Control- Control Systems & Software' is expected to reach $1.11 billion, indicating a significant +59.2% change [6] EBIT Estimates - 'EBIT- Intelligent Devices- Total' is estimated at $757.44 million, compared to $693.00 million from the previous year [7] - 'EBIT- Intelligent Devices- Measurement & Analytical' is projected at $275.03 million, up from $252.00 million year-over-year [7] - 'EBIT- Intelligent Devices- Discrete Automation' is expected to reach $119.99 million, compared to $109.00 million in the same quarter last year [8] - 'EBIT- Software and Control- Total' is projected at $228.46 million, up from $129.00 million year-over-year [8] Stock Performance - Over the past month, shares of Emerson Electric have returned +4.1%, outperforming the Zacks S&P 500 composite's +2.3% change [9] - Currently, EMR holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [9]

Core Insights - Emerson has launched the Nigel™ AI Advisor, an AI-enabled feature in its test software aimed at enhancing engineers' productivity and simplifying test and measurement processes across various industries [1][3]. Group 1: Product Features - Nigel is built on advanced large language models and is designed to understand NI software, helping engineers improve productivity while maintaining control over their test environments [2]. - The AI Advisor analyzes code and offers recommendations for enhancing the development and execution of tests, allowing users to interact using plain language prompts [2]. - Nigel is integrated into Emerson's NI LabVIEW™ and NI TestStand™, which are part of the NI LabVIEW+ Suite, aimed at automating measurements, analysis, and tests [3]. Group 2: Strategic Vision - The introduction of Nigel AI Advisor is part of Emerson's broader strategy to integrate AI capabilities into its test and measurement software portfolio, reflecting a commitment to innovation in the industry [3][4]. - Emerson plans to further enhance Nigel's integration into other test software products, aiming to save engineers time and resources for more complex tasks [4].

Core Insights - TotalEnergies and Emerson's Aspen Technology have formed a strategic collaboration to implement advanced digital technologies for real-time data collection at TotalEnergies' industrial sites, aiming to enhance decision-making and optimize operational efficiency, energy use, and environmental performance [1][9]. Group 1: Collaboration Details - The collaboration will involve the deployment of Emerson's AspenTech Inmation™ across TotalEnergies' global industrial sites, centralizing millions of real-time data points for secure and unified access [2]. - The digital infrastructure will also incorporate Emerson's advanced process control solutions, enabling the deployment of AI use cases to improve industrial performance [3][10]. Group 2: Objectives and Benefits - The rollout is planned over a two-year period, focusing on extracting more value from data to optimize operations, reduce emissions, and generate long-term value [4]. - Key benefits include accelerating anomaly detection, optimizing energy consumption, enhancing operational safety, and speeding up AI integration into industrial processes [10]. Group 3: Company Backgrounds - Emerson is a global industrial technology leader specializing in advanced automation, with a strong portfolio of intelligent devices and industrial software [7]. - TotalEnergies is a global integrated energy company committed to providing reliable, affordable, and sustainable energy, with a workforce of over 100,000 employees active in about 120 countries [8].

Company Overview - Emerson (NYSE: EMR) is a global industrial technology leader specializing in advanced automation solutions, combining innovative technology with operational excellence to enhance business performance [3]. Upcoming Financial Results - Emerson will report its third quarter results on August 6, 2025, prior to market opening, with a conference call scheduled for 7:30 a.m. Eastern Time [1]. Investor Engagement - Interested parties can listen to the live conference call and view presentation slides by registering on Emerson's Investor Relations website, with a replay available for three months post-webcast [2].