Emerson Electric Company

Good morning and welcome to the Emerson third quarter 2021 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then 2. Please note this event is being recorded. I would now like to turn the conference over to Pete Lilly, Investor Relations. Please go ahead.

Thank you so much. Good morning, everyone, and thank you again for joining us for Emerson's third quarter earnings conference call. Today I am joined by President and Chief Executive Officer, Law Carson Byke. Chief Financial Officer, Frank Delaquilla, and Chief Operating Officer, Ram Krishnan. I'd also like to introduce and welcome the new leader of Emerson Investor Relations and certainly an upgrade for the role, Colleen Meller. Colleen joins us from the Automation Solutions Finance Organization and will be your main point of contact going forward as I transition to a new role in the Operating Business Units. Many thanks, Colleen. to you all for your support and friendship over the past couple of years. It's been fun. I certainly wish you health and success. As always, I encourage everyone to follow along with the accompanying slide presentation, which is available on our website. Please join me on slide two. As always, this presentation may include forward-looking statements, which contain a degree of business risk and uncertainty. Please turn to slide three and I will turn the call over to Colleen to introduce herself and cover some exciting developments within Emerson.

Thanks, Pete. I certainly have big shoes to fill. As Pete mentioned, I'm coming into this role from our automation solutions finance organization, and I've been with Emerson for over 13 years. I'm certainly excited and humbled to be joining the investor relations team during this dynamic time for our organization. I look forward to speaking with all our investors and partners very soon. Now, I would like to take a moment to highlight two areas of real ESG impact within Emerson. First, on slide three, in keeping with environmental sustainability framework of greening of, by, and with Emerson that we introduced in February, our first topic is about greening by Emerson. It is a great example of how Emerson's solutions are relevant in enabling our customers' sustainability initiatives. Emerson recently signed a multi-year agreement with TourCycle Technologies, which has a novel technology and process for fully recycling plastic number five, polypropylene, back to a clear pellet. As some of you may know, polypropylene is a common form of plastic but has not had great recycling options. Emerson is serving as their born digital automation partner going forward with initial plant projects in Ohio, Georgia, and a remote operations center in Florida. Now, please join me on slide number four. Our second topic is agreeing with Emerson example. Leveraging our Helix Innovation Center in Dayton, Ohio, Emerson has collaborated with the Department of Energy and their Oak Ridge National Laboratory to advance next-generation HVACR technology. Expanding the applicability of heat pump technology, redesigning refrigeration architectures to maximize efficiency in food retail, and working to minimize energy use and leaks in commercial HVAC applications are just a few of the exciting areas of cooperation. We had a number of collaborations with the Department of Energy and their labs. We look forward to continuing to build these relationships and support the development of novel solutions and real sustainability roadmaps going forward. Now, please turn to slide five, and I will turn the call over to our CEO, Lal Karkambai.