Emerson, St. Louis, MO, announced that sales for the first quarter ended Dec. 31, 2008 were $5.4 billion, down 2% from the same period last year. Profit declined 19% to $458 million.
Underlying sales were essentially flat for the quarter, excluding a 4% unfavorable impact from foreign currency translation, and growth of 2% from acquisitions. Underlying sales in the U.S. declined 7% and underlying international sales increased 7%, including 10% growth in emerging markets.
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