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Net sales of $4.7 billion increased 5 percent, or 2 percent on an underlying basis, with free cash flow of $825 million.
August 8, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Emerson reported results for the third quarter ended June 30, 2019. Third quarter net sales were $4.7 billion, up 5%, with underlying sales up 2% excluding unfavorable currency of 2% and a positive impact from acquisitions of 5%. Growth was below management expectations across both business platforms due to softer conditions in global discrete manufacturing end markets and cooler, wet weather conditions in North America that unfavorably impacted air conditioning and construction markets. Th...
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