Emerson reports 16 percent sales decline
Emerson's third-quarter sales of $3.9 billion were down 16 percent from $4.7 billion in the same period last year.
Net earnings of $399 million, or 67 cents per diluted share, fell from $604 million, or 97 cents, in last year's third quarter.
Automation Solutions net sales decreased 14 percent, with underlying sales down 13 percent excluding unfavorable currency of 1 percent.
Commercial & Residential Solutions net sales decreased 20 percent with underlying sales down 19 percent excluding unfavorable currency of 1 percent. North America dropped by 19 percent as commercial and professional tools markets were particularly weak.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
