EMR · 10-Q · 2026Q2 · Full report

Operating Expense Trends

EMERSON ELECTRIC CO · 2026-08-04 · Importance 65 · Surprise 48 · In source text

Nine-month SG&A increased $129 million to $3.9 billion, while SG&A declined to 28.3% of sales from 28.7%. The lower ratio reflected savings from cost-reduction actions and operating leverage on higher sales. Third-quarter SG&A increased $77 million to $1.343 billion, but declined 0.2 percentage points to 27.6% of sales. Nine-month other deductions decreased $200 million to $744 million because acquisition and divestiture fees fell $175 million and AspenTech-related backlog amortization declined $65 million.

Key facts

• Nine months other deductions, net were $744 in 2026, a decrease of $200 compared with prior year due to $175 decrease in acquisition/divestiture fees and related costs and lower amortization. source
• Q3 FY2026 other deductions, net: $311, an increase of $13 compared with the prior year due to an increase in restructuring costs, partially offset by lower amortization. source
• Q3 FY2026 SG&A: $1,343, increased $77 versus prior year; SG&A as percent of sales 27.6 percent, decrease of 0.2 percentage points. source
• Nine months SG&A: $3,902, increased $129; SG&A as percent of sales decreased 0.4 percentage points to 28.3 percent. source
• Adjusted diluted EPS components: amortization of intangibles per share Q3 FY2025 $0.37 and Q3 FY2026 $0.35. source

Impact estimates