Posted August 4, 2020

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.