Emerson (NYSE: EMR), St. Louis, MO, reported first-quarter sales of $4.1 billion, up 9 percent compared with the year-ago period. The company reported net earnings of $467 million.
The company said underlying sales were up 4.5 percent excluding unfavorable currency of 1.5 percent and a positive impact from acquisitions of 6 percent. Emerson completed the acquisitions of A.E. Valves and GE Intelligent Platforms during the quarter.
Sales in Emerson’s Automation Solutions business rose 9 percent to $2.8 billion and sales in its Commercial and Residential Solutions business were up 7 percent to $1.3 billion, the company reported.
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