New book by Larry Connors Click here Improve your trading - See how
The company's net sales for the first quarter ended September 30, 2009 were $14.9 billion, a decrease of 29%, compared to $21.16 billion for the first quarter ended September 30, 2008.
Patricia Woertz, chairman and CEO of the company, said: "Earnings were significantly better than the second half of fiscal 2009. As we advance our growth strategy, we are using our financial strength to build shareholder value. Looking ahead, we see demand improving in some key markets, and we have the assets and acumen to capture value as the global economy resets."
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