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For the full fiscal year, sales were $4.86 billion, up 12 percent over fiscal 2009. Profit was $464.3 million, compared to $217.9 million in fiscal 2009.
Commenting on the outlook, Nosbusch added, "We believe that the global economic recovery will continue in fiscal 2011. We are starting to see signs that large capital project spending will improve, but timing remains somewhat uncertain," CEO Keith D. Nobusch said. "Increased exposure to mid- and late-cycle markets should help as the recovery continues."
Architecture & Software fourth quarter sales were $575.9 million, an increase of 36 percent from the fourth quarter of fiscal 2009. Currency translation negatively impacted revenue growth by 2 percentage points.
Control Products & Solutions fourth quarter sales were $781 million, an increase of 20 percent from the fourth quarter of fiscal 2009. Currency translation negatively impacted revenue growth by 1 percentage point.