Emerson Sees First Quarter Gains

Emerson had net sales of $3.4 billion for the first quarter of 2023, up seven per cent compared to $3.2 billion from the prior-year period. The intelligent devices sector accounted for 20.4 per cent of sales, compared to 18.9 per cent from the first quarter of 2022. Net earnings were $2.3 billion, up $1.4 billion versus $895 million year-over-year. Total assets were $36.2 billion, up $9.2 billion from the year-ago period.