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Emerson Process Management Reports Sales Growth in First Quarter

Monday, February 09, 2009  
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Emerson Process Management reported sales growth in the quarter of 8%. Underlying sales growth was 14%, which excludes a 6% unfavorable impact from currency translation. Global sales were strong, with underlying sales growth in the United States of 10% and international growth of 16%. Technology leadership continued in Process Management as evidenced by 25 first place awards in Control magazine’s Readers’ Choice Awards, including a first-place award for Wireless Infrastructure. The margin for this segment improved 140 basis points to 19.4%, driven by volume leverage and cost reduction programs. More…

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