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EMERSON . news release For immediate release Investor Contact : Colleen Mettler ( 314 ) 553-2197 Media Contact : Casey Murphy ( 314 ) 982-6220 Emerson Reports Third Quarter 2021 Results ; Raises 2021 Outlook Net Sales were $ 4.7 billion up 20 percent from the year prior ; Underlying Sales were up 15 percent GAAP EPS was $ 1.04 , up 55 percent from the year prior ; Adjusted EPS , which excludes restructuring and first year purchase accounting charges , was $ 1.09 , up 36 percent Operating Cash Flow was $ 1.1 billion , up 31 percent ; Free Cash Flow ( FCF ) was $ 977 million , up 32 percent , resulting in FCF conversion of 154 percent Restructuring and related actions of $ 32 million were initiated in the quarter , continuing execution of the comprehensive cost reset program to return the company to record adjusted EBIT margins Declared regular quarterly cash dividend of $ 0.505 per share of common stock payable September 10 , 2021 to stockholders of record August 13 , 2021 Published new Environmental , Social , and Governance ( ESG ) Report in June , introducing goal of doubling representation of women globally and U.S. minorities at the leadership level by 2030 ST . LOUIS , August 4 , 2021 - Emerson ( NYSE : EMR ) today reported results for the third fiscal quarter ended June 30 , 2021 . " We are pleased with our results this quarter , as accelerating sales growth in key end markets combined with strong execution by operations helped us deliver exceptional financial results , " said Emerson President and Chief Executive Officer Lal Karsanbhai . " In particular , we saw ongoing strength in our residential businesses and rapid improvement in both commercial and industrial end markets . Importantly , our core North American process automation markets turned sharply back to growth , complementing the ongoing strength in discrete and hybrid markets . These results contributed to solid margin improvement as we fully leveraged the benefits of our broad ongoing cost reset plan . Cash flow