Emerson (NYSE: EMR), St. Louis, MO, reported sales for the fiscal second quarter of $4.9 billion, down 9 percent from the prior-year quarter. Profit decreased 62 percent to $369 million.
For the second quarter, process management sales decreased 11 percent, industrial automation sales decreased 16 percent, network power sales decreased 4 percent and commercial and residential solutions sales decreased 15 percent, while climate technologies sales increased 1 percent while.
For the first six months of the fiscal year, sales were $9.6 billion, down 12 percent from the prior-year period. Profit decreased 52 percent to $718 million.