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by Jeff Moad, MA Editorial Staff
Posted on Thursday, November 08, 2007 5:35:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Reporting their quarterly results this week, the automation technology suppliers revealed solid year-over-year improvements, but both see slowing growth ahead. |
| Keywords: | Invensys earnings, Emerson earnings |
Riding continued strong growth outside of the United States, automation vendors Emerson Electric and Invensys plc this week reported healthy revenue increases for their respective process management systems businesses, although executives from both companies said they expect to experience some slowing overall in 2008. Emerson reported the stronger results, with overall sales for its fourth quarter, ended Sept. 30, 2007, of $6.13 billion, up 11% from sales of $5.5 billion a year earlier. The strong fourth-quarter results brought Emerson's full-year sales to $22.6 billion, up 12% from the $20.1 billion in sales the company reported for 2006. Emerson's net fourth-quarter earnings of $623 million were up 18% over 2006 net earnings of $526 million. The company's full-year 2007 net earnings of $2.1 billion were 16% ahead of 2006 net earnings of $1.8 billion. [Click to continue] |
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