Emerson orders rise 18 percent in last three months

* Strongest growth in process mgmt, industrial automation

* Slowest in climate technologies

* Emerson reports quarterly results next week

BOSTON, Oct 28 (BestGrowthStock) – Diversified U.S. manufacturer
Emerson Electric Co (EMR.N: ) reported an increase in order rates
to a growth rate of about 18 percent during the three months
that ended in September, driven by demand for automation
equipment.

That marked a faster order growth rate than the company,
which makes systems for energy and chemical plants, recorded in
its last two monthly reports.

The strongest growth came at the company’s process
management and industrial automation segments, where orders —
an indicator of future sales — rose more than 20 percent over
the three months.

Emerson’s climate technologies unit recorded the slowest
growth rate, with orders flat to up 5 percent.

Demand was up from sectors including oil and gas,
chemicals, power and refining, Emerson said in a filing with
the U.S. Securities and Exchange Commission. It said
exchange-rate fluctuations had a minimal effect on order growth
rates.

The St. Louis-based company is scheduled to report results
for its fourth fiscal quarter next week. Analysts, on average,
expect Emerson to report earnings growth of more than 50
percent on an 11 percent rise in revenue, according to Thomson
Reuters I/B/E/S.
(Reporting by Scott Malone, editing by Maureen Bavdek)

Emerson orders rise 18 percent in last three months