Emerson Sales Down 9% in 2Q - Modern Distribution Management

Emerson Sales Down 9% in 2Q

Year-to-date sales decreased 12 percent.

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.

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