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Net sales were $4.7 billion, up 20% from the year prior; free cash flow was $977 million, up 32%.
August 5, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Emerson reported results for the third fiscal quarter ended June 30, 2021. Third quarter net sales were $4.7 billion, up 20%, and underlying sales were up 15%, excluding favorable currency of 4% and an impact of 1% from acquisitions. Revenue for the quarter came in ahead of expectations driven by strength across commercial and residential markets, as well as a sharp recovery in core North American process automation markets. By geography, the Americas grew 18%, Europe grew 13%, and Asia, Middle...
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