Emerson Electric Co. (EMR) Q4 2022 Earnings Call Transcript

Emerson Electric Co. (NYSE:EMR) Q4 2022 Earnings Conference Call October 31, 2022 9:00 AM ET

Company Participants

Colleen Mettler - Vice President of Investor Relations

Lal Karsanbhai - President & Chief Executive Officer

Frank Dellaquila - Senior Executive Vice President & Chief Financial Officer

Ram Krishnan - Executive Vice President & Chief Operating Officer

Conference Call Participants

Andy Kaplowitz - Citigroup

Andrew Obin - Bank of America

Steve Tusa - JPMorgan

Josh Pokrzywinski - Morgan Stanley

Nigel Coe - Wolfe Research

Jeff Sprague - Vertical Research Partners

John Walsh - Credit Suisse

Chris Snyder - UBS

Joe Ritchie - Goldman Sachs

Brett Linzey - Mizuho

Joe O'Dea - Wells Fargo

Nicole DeBlase - Deutsche Bank

Operator

Good morning and welcome to the Emerson Fourth Quarter and Full Year 2022 Earnings and Climate Technologies Announcement Conference Call. [Operator Instructions]

Please note this event is being recorded. I'd now like to turn the conference over to Colleen Mettler. Please go ahead.

Colleen Mettler

Good morning, everyone and thank you for joining us to discuss our Q4 and full year 2022 earnings and an exciting milestone in our portfolio transformation. Today, I am joined by President and Chief Executive Officer, Lal Karsanbhai; and Chief Financial Officer, Frank Dellaquila for the presentation. Also here with us is our Chief Operating Officer, Ram Krishnan.

I encourage everyone to follow along with the slide presentation which is available on the Investor page of our website. This presentation and responses to questions may include forward-looking statements, including the company's outlook for the remainder of the year. Information on factors that could cause actual results to vary materially from those disclosed today, is available on Emerson's most recent annual report on Form 10-K as filed with the SEC and subsequent SEC filings. After our remarks, we will hold the Q&A and appreciate you limiting your questions to one.

With that, I will now turn the call over to Emerson's President and Chief Executive Officer, Lal Karsanbhai.

Lal Karsanbhai

Thank you, Colleen. Good morning and thank you for joining us today.

Please turn to Slide 4. Allow me to begin by saying that I'm very proud of Emerson's global team for the results delivered in 2022. Thank you. We had a strong finish to the results in 2022, with underlying sales growth of 9%, operational leverage of 36%, an adjusted EPS of $5.25, representing a 16% increase over prior year.