ST. LOUIS--(BUSINESS WIRE)--Emerson (NYSE: EMR) today announced that net sales in the first quarter ended December 31, 2014 were flat, as underlying sales growth of 6 percent was offset by 3 percent declines each from currency translation and divestitures. Demand was mixed across geographies and markets, with the U.S. up 8 percent and Asia up 2 percent, while Europe grew slightly as large projects offset pronounced short cycle weakness. Underlying sales were led by 17 percent growth in Climate