Emerson Electric Co. (NYSE:EMR) Q1 2024 Earnings Conference Call February 7, 2024 9:00 AM ET

Company Participants

Colleen Mettler - VP of IR

Lal Karsanbhai - President and CEO

Mike Baughman - CFO

Ram Krishnan - COO

Conference Call Participants

Andy Kaplowitz - Citigroup

Steve Tusa - JPMorgan

Jeff Sprague - Vertical Research

Nigel Coe - Wolfe Research

Scott Davis - Melius Research

Julian Mitchell - Barclays

Christopher Snyder - UBS Investment Bank

Deane Dray - RBC Capital Markets

Joe O’Dea - Wells Fargo

Brett Linzey - Mizuho

Operator

Good morning and welcome to the Emerson First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to our host, Colleen Mettler, Vice President of Investor Relations at Emerson. Please go ahead.

Colleen Mettler

Good morning, and thank you for joining us for Emerson's first quarter 2024 earnings conference call. Today I am joined by President and Chief Executive Officer, Lal Karsanbhai; Chief Financial Officer, Mike Baughman; and Chief Operating Officer, Ram Krishnan. As always, I encourage everyone to follow along with the slide presentation, which is available on our website.

Please join me on Slide 2. This presentation may include forward-looking statements which contain a degree of business risk and uncertainty. Please take time to read the Safe Harbor statement and note on the non-GAAP measures. I will now pass the call over to Emerson's President and CEO, Lal Karsanbhai, for his opening remarks.

Lal Karsanbhai

Thank you, Colleen and good morning. I'd like to begin by thanking the Emerson team for delivering a strong start to 2024. I'd also like to extend my appreciation to the Emerson Board of Directors and to our customers for your continued confidence in us.

Our first quarter results demonstrate, the underlying strength of the markets we serve, the meaningfulness of our differentiated technology and the relentless execution of our global teams.

Please turn to Slide 3. Q1 was a strong start for Emerson. As we continued our focus on executing and driving value creation for our shareholders. The demand environment remains healthy for process and hybrid markets. We continue to see projects moving forward at a healthy pace in markets like chemical, LNG, life sciences, metals and mining and sustainability and decarbonization. Even in the face of higher interest rates, ongoing geopolitical challenges, and upcoming elections in key global markets, including the U.S.