1、Annual ReportSolvingthe Unsolvable At Emerson,we believe in innovation built for and with our customers.Throughout our 133-year history,weve been inside every kind of business,working with our customers to overcome complex challenges,seize opportunities and achieve ultimate performance.Powered by ou
2、r comprehensive,integrated automation portfolio and backed by our proven track record of execution,we are solving the unsolvable.2023 Emerson Annual Report$2.4Bi2023 Financial Highlights25.0%49.0%$4.44$15.2BNet SalesAdjusted Segment EBITA Margin*Gross Profit MarginAdjusted Earnings Per Share*Up 220
3、basis points 53%operating leverageUp 330 basis points Up 22%Up 35%15.6%free cash flow margin Up 10%Underlying sales up 10%*24%Measurement&Analytical26%Final Control7%AspenTech9%Safety&Productivity17%Discrete Automation17%Control Systems&Software19%Europe51%Americas30%Asia,Middle East&AfricaKeySoftwa
4、re and Control Intelligent Devices Sales by Segment Sales by Geographic Region67Years of Increased DividendsFree Cash Flow*Note:Operating leverage excludes AspenTech.As we embark on fiscal 2024,with the majority of our strategic portfolio transformation complete,I can tell you with confidence our fu
5、ture will continue to be focused on and grounded in one collective commitment:execution.This is something for which Emerson has long been known and will continue to be a core characteristic of the company.Driving Strong Financial Performance We drove excellent financial performance in 2023.Thanks to
6、 the work of our talented global team,each employees embodiment of our Emerson Management System and our ongoing efforts to progress our portfolio transformation,we have continued to build a foundation for driving continued shareholder value and achieving our long-term financial targets.Looking ahea