Emerson Process Management Reports Second Quarter 2011 Results
Tuesday, May 3, 2011
Emerson Process Management continued to show strong momentum
with sales increasing 16 percent during the quarter. Underlying sales increased 14 percent and
currency added 2 percent. Segment margin
expanded 100 basis points to 17.9 percent reflecting leverage on higher sales
volume and benefits from cost reductions, partially offset by a $20 million
negative mark-to-market impact on foreign currency transactions due to the
weakening of the U.S. dollar. More…
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