Posted February 6, 2018

Emerson sales up 19 percent

Emerson announced net sales in the first quarter of fiscal 2018 were up 19 percent to $3.8 billion.

Automation Solutions continued to see broad-based growth led by North America and Asia, reflecting favorable trends in energy-related, hybrid and general industrial markets. Growth in Commercial & Residential Solutions was driven by strong demand in Asia in air conditioning and refrigeration markets as well as continued growth of professional tools in oil and gas and construction-related markets.

Net earnings of $392 million, or 61 cents per share, improved by 27 percent from earnings of $309 million, or 48 cents, in the same period last year.