Emerson Process Management Reports 2nd Quarter 2015 Results
Wednesday, May 06, 2015
Emerson Process Management net sales decreased 3%. Underlying sales increased 2% supported by strong backlog and market penetration gains. Foreign currency translation had a 5% unfavorable impact. Order rates during the quarter were affected by a rapid reduction in global spending in the oil and gas industry resulting from the decline in oil prices and strength of the U.S. dollar.
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