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by Stephanie Neil, MA Editorial Staff
Posted on Tuesday, August 07, 2007 5:40:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Strong sales across nearly all of the automation provider's businesses lead to spike in top line, while net income also jumps double digits. |
| Keywords: | Emerson Process Management, automation supplier, industrial automation, sales growth, revenue increases, net income, wireless plant floor, control system, factory instrumentation |
In step with most of its competitors in the industrial automation market, Emerson Electric Co. today turned in another strong performance, reporting double-digit growth in sales and net earnings for its third quarter, ended June 30. The St. Louis-based maker of industrial, power, and electrical instrumentation and controls recorded net sales of $5.9 billion, a 13% increase over the $5.2 billion reported in its third quarter of 2006. Of the double-digit growth, the company attributed 9% to organic sales growth, 3% to a favorable currency exchange rate, and 1% to sales of acquired products. Net earnings for the third quarter jumped 18% to $574 million from the year-ago tally of $486 million. Earnings per share jumped 22% to $0.72, compared with $0.59 in the third quarter of 2006. [Click to continue] |
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