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Net sales of $4.2 billion were down 9%; underlying sales were down 7% as demand declined significantly in March due to the rapid spread of COVID-19.
April 21, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Emerson reported results for the second fiscal quarter ended March 31, 2020, and announced updated guidance for the fiscal year. Second-quarter net sales of $4.2 billion were down 9% and underlying sales were down 7%, excluding unfavorable currency of 2% and no impact from acquisitions or divestitures. Growth was below management expectations in both business segments due to the unforeseen and rapid deterioration of demand in March. The spread of the COVID-19 pandemic and associated ...
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