Posted February 5, 2019

Emerson Q1 sales rise 9 percent

Emerson's first-quarter net sales of $4.1 billion were up 9 percent.

Underlying sales were up 4.5 percent excluding unfavorable currency of 1.5 percent and a positive impact from acquisitions of 6 percent. 

Underlying growth reflected broad-based demand in global industrial markets, steady growth in North American air conditioning markets and favorable trends in global cold chain and professional tools markets.

Net earnings of $465 million, or 74 cents per share, compared to earnings of $392 million, or 61 cents, in the same period last year.