Emerson, St. Louis, MO, reported sales for fiscal 2007 were $22.6 billion, an increase of 12% from the prior year. This was a result of 7% underlying sales growth. Currency translation added more than 2% and acquisitions, net of divestitures, added nearly 3% to reported sales growth.
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Sales for the fourth quarter ended Sept. 30, 2007, were $6.1 billion, an increase of 11% over the $5.5 billion reported in the same period last year. The company achieved underlying sales growth in the quarter of 7% excluding increases of 3% due to favorable currency exchange rates and 1% from acquisitions, net of divestitures.
Process Management in 2007 reported sales were up 17% to $5.7 billion. Underlying sales growth for the year was 11%, which excludes favorable impacts from currency translation (4%) and acquisitions (2%).
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Industrial Automation had strong performance in 2007 with reported sales of $4.3 billion, an increase of 13% from the prior year. Underlying sales increased by 10%, led by strength in Europe. Reported sales included a 4% favorable impact from currency translation and a 1% unfavorable impact from divestitures.
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Network Power sales were $5.2 billion in 2007, an increase of 18% versus the prior year. Underlying sales growth was 9% led by strength in Asia. Reported sales growth included a positive impact from acquisitions of 7% and favorable currency translation of 2%.
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Climate Technologies sales for the year increased 6% to $3.6 billion. Underlying sales growth was 1% with strength in Europe and Asia offsetting a 7% decline in the U.S.. Reported sales included a 3% benefit from acquisitions and 2% from currency translation.
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Appliance and Tools achieved sales of $4.4 billion, an increase of 3% which included underlying sales growth of 1%. Reported sales included a favorable impact of 1% from acquisitions and 1% from currency translation.
