Emerson Electric Co. (NYSE:EMR) JPMorgan U.S. All Stars Conference September 16, 2025 9:00 AM EDT
Company Participants
Surendralal Karsanbhai – President, CEO & Director
Michael Baughman – Executive VP, Chief Accounting Officer & CFO
Conference Call Participants
C. Stephen Tusa – JPMorgan Chase & Co, Research Division
Presentation
C. Stephen Tusa
JPMorgan Chase & Co, Research Division
All right. Steve Tusa, electrical equipment, multi-industry analyst here at JPMorgan. In case you don’t know, we’re very happy to move on with Emerson Electric. Probably maybe change that name at some point, maybe Emerson Automation or think about that. Yes, think about that.
Surendralal Karsanbhai
President, CEO & Director
I’ll happen. I’ll happen, Steve.
Question-and-Answer Session
C. Stephen Tusa
JPMorgan Chase & Co, Research Division
President and CEO, Lal Karsanbhai; as well as CFO, Mike Baughman. Guys, thank you so much for being here. I have obviously a bunch of questions but maybe I’ll just hand it off to you for maybe an intro and any kind of messaging around what you’re seeing out there in your businesses macro-wise or state of affairs.
Surendralal Karsanbhai
President, CEO & Director
Yes. Thank you, Steve. Great to be here. Thanks for the invitation. I really have enjoyed the meetings today and thank you, everyone, for attending our sessions. No, look, I — first of all, maybe I’ll begin by just saying that I’m very optimistic about the future of our company. We’ve undergone a very significant transformation in our portfolio over the first 4.5 years of my CEO-ship. We’re now entering a different phase. We’ve completed that. We now have created a company that I wanted to be CEO of a global automation company with a very differentiated technology stack, serving the world’s most essential industries. The growth opportunity for this company is very different from the Emerson of old in a framework of 4% to 7%. We’ve improved gross margins in the company by 1,000
