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Emerson (NYSE: EMR), St. Louis, MO, reported sales for the fiscal third quarter ended June 30, 2012, of $6.5 billion, a 3 percent increase over the same period a year ago. Profit rose 13 percent for the manufacturer, to $787 million.
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Process Management segment sales grew 19 percent, as global energy investments and backlog conversion related to the Thailand flooding generated robust growth. Commercial & Residential Solutions sales also grew during the quarter, by 2 percent.
Sales for the Industrial Automation segment decreased 1 percent, Network Power sales declined 6 percent, and Climate Technologies sales decreased 2 percent.
For the first nine months, sales for Emerson were $17.7 billion, flat to the prior year. Profit fell 2 percent to $1.7 billion.