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Net sales were $5 billion, up 7% from the year prior, with June trailing three-month underlying orders up 10%.
August 10, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Emerson reported results for its third fiscal quarter ended June 30, 2022 and updated its full year outlook for fiscal 2022. June trailing three-month underlying orders were up 10%. Third quarter net sales were up 7% to $5 billion and underlying sales were up 7%. By geography, the Americas were up 14%, Europe was flat and Asia, Middle East & Africa was down 1%. China was down 6%, primarily due to COVID-19 lockdowns. Operating cash flow was $740 million for the quarter, down 33%, and fr...
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