Posted August 9, 2022

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.