Posted May 3, 2011
Emerson sales up 18%
Emerson announced that net sales for the second quarter were $5.9 billion, an increase of 18 percent from the prior year quarter.
Growth was strong across all global markets with underlying sales increasing 13 percent in the U.S., 17 percent in Europe, and 10 percent in Asia. Net earnings for the second quarter were 73 cents per share, increasing 38 percent compared with 53 cents last year.
"We're pleased with the results because we performed well in a business environment complicated by volatile current events around the world. The global economy is growing and our proven business strategy will again drive us through these complexities and uncertainties," said chairman and chief executive officer David N. Farr.
Tools and Storage segment sales increased 8 percent in the quarter. Sales growth continued to be led by the professional tools, storage and disposer businesses.
