Emerson Process Management Reports Full Year and Fourth Quarter 2010 Results
Wednesday, November 3, 2010
Emerson Process Management sales continued to strengthen
and were up 5 percent in the quarter. Underlying sales increased 5 percent, acquisitions added 1 percent and
unfavorable currency subtracted 1 percent. Orders strengthened in the trailing
three-month period, driven by strong global positioning and technology
leadership. Segment margin increased to 19.1 percent, expanding 1.6 points from
17.5 percent in the prior year quarter, driven primarily by cost reductions,
lower restructuring expense and volume leverage. Based on Process Management’s
advanced technologies and industry expertise, it was recently awarded a $28
million automation contract to modernize 100 hydroelectric turbine generators
in Ukraine. More…
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