Emerson's Q1 net income fell 19% from $565 million (71 cents per share) in the year-ago period to $458 million (60 cents per share) this period..Sales increased 8% in their process management dvision, but decreased 10% in their climate control segment.
Emerson proposed a $1.4 Bil bid for Chloride, causing a jump in Chloride stock, but then abandoned the proposal.
Cramer called Emerson one of the top 5 best manufacturing companys. He added that it makes money in both good times and bad.