Emerson Reports Third Quarter 2019 Results

Third quarter net sales were up 5 percent, with underlying sales up 2 percent excluding unfavorable currency of 2 percent and a positive impact from acquisitions of 5 percent. Growth was below management expectations across both business platforms due to softer conditions in global discrete manufacturing end markets and cooler, wet weather conditions in North America that unfavorably impacted air conditioning and construction markets. These factors also weighed on Emerson's trailing three-month underlying orders growth, which moderated to 2 percent in June.