• Hello Customer - Log in or Register!
Date: 2013-08-01

Emerson 3Q Sales Improve 16%

(August 9, 2011)

Emerson (NYSE: EMR), St. Louis, MO, reported sales for the third quarter ended June 30, 2011, were $6.3 billion, up 16 percent from the prior year quarter. Organically, sales grew 10 percent, with 6 percent growth in U.S. sales and 13 percent growth in international sales.

Profit grew 17 percent to $683 million.

"We noted last quarter that a variety of global issues would be a challenge, not the least of which is the detrimental impact on business investment caused by ongoing debt problems in Europe and the U.S.," CEO David N. Farr said. "Regardless, fiscal 2011 will be a very good year at Emerson."

For the first nine months of the fiscal year, sales increased 16 percent to $15.2 billion, with profit improving 21 percent to $1.4 billion.

The diversified global manufacturing and technology company expects the industrial-led recovery to continue, although at a slower pace with a weakening trend in general business conditions in the U.S. and Europe in June and July and confidence within the business community dampening.


Previous: GRAPHALLOY® Announces Stainless Steel Cam Followers for Wet or Submersible Applications
Next: Bearing Resources Executes Option Agreement With Precipitate Gold Corporation On Jay East Property, Yukon

Hot Products:
Product Model Inside Diameter Outside Diameter Thickness
16150/16284 KOYO 38.1 72.238 20.638
16150/16282 KOYO 38.1 71.996 20.638
【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.