Emerson's sales rise by 7 percent
Emerson said sales for its fiscal third quarter were $5.0 billion, up 7 percent from the previous year.
By geography, the Americas were up 14 percent, Europe was flat and Asia, Middle East & Africa was down 1 percent. China was down 6 percent, primarily due to COVID-19 lockdowns.
Net earnings of $921 million, or $1.54 per diluted share, compared to $627 million, or $1.04 in last year's third quarter.
Automation Solutions sales were flat in the quarter, with underlying sales up 4 percent..
Commercial & Residential Solutions sales increased 8 percent in the quarter, with underlying sales up 13 percent.
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.
