Emerson Process Management Reports Full Year and Fourth Quarter 2011 Results
Tuesday, November 1, 2011
Emerson Process Management delivered another outstanding quarter
of results, with sales increasing 18 percent from the prior year quarter to
more than $2 billion. Underlying sales grew 16 percent, and currency
translation added 2 percent. Process Management growth was strong globally,
with the U.S. up 9 percent, Asia up 27 percent, Europe up 19 percent and Latin
America up 13 percent. Backlog reached a record level and increased more than
$400 million compared to the prior year quarter, primarily driven by continued
global capital investment by the oil and gas industry. Segment margin expanded
320 basis points to 22.3 percent, reflecting volume leverage, cost reduction
benefits and favorable foreign currency transactions. More...
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