Emerson Electric Reports Higher Adjusted EBITA in Control Systems & Software Segment
Emerson Electric Co. reported its latest business segment results, including financial data for its Safety & Productivity, Control Systems & Software, and Test & Measurement segments. In the Safety & Productivity segment, adjusted EBITA for fiscal year 2023 was $30 million, compared to $34 million in fiscal year 2022 and $35 million in fiscal year 2021. For fiscal year 2024, adjusted EBITA increased to $32 million. In the Control Systems & Software segment, adjusted EBITA margin improved from 17.6% in 2021 to 22.6% in 2022. The margin further increased to 24.8% for fiscal year 2023, with quarterly margins ranging from 22.9% to 29.4%. The margin for fiscal year 2024 was reported at 27.4%, with quarterly margins reaching as high as 35.2%. For the Test & Measurement segment, adjusted EBITA for fiscal year 2024 was reported at $351 million, with quarterly EBITA figures of $101 million in Q1, $78 million in Q2, $76 million in Q3, and $96 million in Q4. The fiscal year 2025 EBITA for the segment is projected at $375 million.
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