Strong Financial Performance: Emerson reported a strong third quarter with adjusted earnings per share (EPS) of $1.52, a 6% year-over-year growth. The company achieved a 21.3% free cash flow margin, generating $970 million in cash flow, up 20% year-over-year.

Growth in Core Markets: Demand for Emerson's products remains robust, particularly in process and hybrid segments. The company expects underlying sales growth to accelerate to 5-6% in the fourth quarter, driven by momentum in Test & Measurement and stable growth in process sectors, thanks to investments in LNG, power generation, and life sciences.

Positive Order Trends: Underlying order growth showed resilience with a 4% increase; Test & Measurement orders were up 16%, with expectations of a 20% increase in the fourth quarter. The Ovation business experienced significant traction, with orders growing 40%.