Emerson, St. Louis, MO, reported sales for fiscal 2008 were $24.8 billion, an increase of 12%. Sales for the fourth quarter ended Sept. 30, 2008, were $6.7 billion, an increase of 11%.
Underlying sales in the quarter grew 7%, excluding 2% from favorable currency exchange rates and 2% from acquisitions, net of divestitures. Underlying sales in the U.S. for the fourth quarter increased 1%. International sales increased 13% in the quarter on an underlying basis with Asia increasing 17%, Latin America increasing 25%, Middle East/Africa increasing 14%, and Europe increasing 6%.
The company completed the sale of its European appliance motor and pumps business on Sept. 30, 2008 for $101 million. …
Emerson 2008 Sales Up 12%
Emerson, St. Louis, MO, reported sales for fiscal 2008 were $24.8 billion, an increase of 12%. Sales for the fourth quarter ended Sept. 30, 2008, were $6.7 billion, an increase of 11%.
Underlying sales in the quarter grew 7%, excluding 2% from favorable currency exchange rates and 2% from acquisitions, net of divestitures. Underlying sales in the U.S. for the fourth quarter increased 1%. International sales increased 13% in the quarter on an underlying basis with Asia increasing 17%, Latin America increasing 25%, Middle East/Africa increasing 14%, and Europe increasing 6%.
The company completed the sale of its European appliance motor and pumps business on Sept. 30, 2008 for $101 million. …
Share this article
- Filed In: Electrical, Free, News, Subscriber Only, Top Distributor Sectors
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
