The Test & Measurement acquisition contributed 10% to the overall 17% net sales growth, highlighting the strategic importance of M&A in driving revenue.

Underlying sales increased 8% year-over-year, driven by a 5% increase in volume and a 3% increase in price, indicating organic growth alongside acquisitions.

The company divested a small business in the Final Control segment, recognizing a non-cash loss of $39, indicating a strategic shift in portfolio management.

Gross margin increased 4.3 percentage points to 52.2%, driven by the Test & Measurement acquisition, higher prices and leverage on higher sales, demonstrating effective operational management.

Selling, general and administrative expenses increased 30% year-over-year, reflecting the impact of the Test & Measurement acquisition and higher stock compensation expense, indicating increased operating costs.

Emerson maintains a strong financial position with total assets of $46 billion and common stockholders' equity of $21 billion, demonstrating financial stability and resources for future investments.

Foreign currency translation had a 1% unfavorable impact on net sales, highlighting the company's exposure to currency fluctuations.

The company recorded a loss of $59 on its equity method investment in Copeland, contributing to a decline in earnings from continuing operations.

The current year tax rate was negatively impacted by approximately 2 percentage points due to the loss on divestiture, which was nondeductible for tax purposes.

While Intelligent Devices sales increased overall, there was a mixed performance across geographies, with strength in Asia, Middle East & Africa and weakness in China, indicating varied competitive dynamics.

Software and Control sales increased 56% year-over-year, driven by the Test & Measurement acquisition and strong growth in Control Systems & Software, indicating a strong competitive position in this segment.

Discrete Automation sales decreased 8% year-over-year, reflecting softness in all geographies driven in part by lower factory automation demand, indicating a potential competitive disadvantage in that specific segment.

Restructuring costs increased to $30 million, reflecting the company's ongoing efforts to improve operational efficiency and deploy assets globally, indicating a focus on cost optimization.

Gross margin increased 4.3 percentage points to 52.2%, reflecting higher prices and leverage on higher sales, indicating improved operational efficiency.

Acquisition-related inventory step-up amortization of $231 million negatively impacted margins by approximately 2.7 percentage points, indicating a short-term operational inefficiency due to the NI acquisition.

The acquisition of National Instruments (NI) adds software-connected automated test and measurement systems to the company's portfolio, enhancing its technological capabilities.

While the filing does not explicitly detail R&D investments, the acquisition of NI suggests a strategic focus on expanding technological capabilities.

Amortization of intangibles increased significantly to $273 million, including $141 million related to the NI acquisition, indicating substantial investments in technology and intellectual property.

The company has an existing authorization for share repurchases, but no specific repurchases were made during the quarter, and no details are provided on the amount of repurchases planned.

The acquisition of NI resulted in a significant increase in short-term borrowings and a decrease in cash, indicating a major capital allocation decision.

Capital expenditures increased to $159 million, reflecting ongoing investments in the business and its growth initiatives.

The filing does not contain any specific details on environmental, social, or governance initiatives, indicating a lack of focus on ESG in this particular report.

The filing does not contain any specific details on sustainability risks or opportunities, indicating a lack of focus on ESG in this particular report.

The filing does not contain any specific details on governance practices, indicating a lack of focus on ESG in this particular report.

Underlying sales growth was 2% in the U.S. and 12% internationally, indicating varied market conditions across different regions.

Intelligent Devices segment showed strength in Asia, Middle East & Africa, but weakness in China, indicating varied market conditions across different regions.

Software and Control segment showed strong growth in Europe and Asia, indicating positive market trends in those regions.