Emerson Electric experienced a drop in sales in December, driven by a strong U.S. dollar and a slowdown in foreign markets, the company said in a regulatory filling Monday.
The Ferguson-based manufacturing and technology company said trailing orders will wipe out 4 to 5 percentage points in full-year sales.
The company’s process management, industrial automation and network power departments all saw decreased orders, reflecting unfavorable currency translation.
Emerson’s climate technologies division also saw slowed growth in orders with the completion of the inventory build driven by industry regulatory changes in the U.S.
Orders for the commercial & residential solutions division grew at a moderate pace, led by professional tools, wet and dry vacuums and food waste disposers.