2008

International Wire Group, Inc., Camden, NY, Operating income, reported for the third quarter ended Sept. 30, 2008, were $203.4 million, an increase of 13% from net sales for the same period 2007. Profit was $2.4 million, down 11.1%.
 
A higher selling price of copper, increased sales volume, higher customer pricing/mix, the impact of a stronger euro versus the U.S. dollar and sales from the Global Wire acquisition beginning on July 1, 2008, contributed to the quarterly sales growth. Profit was negatively impacted by lower sales to the automotive industry.
 
Sales for the nine months ended Sept. 30, 2008, were $609.7 million, an increase of 10.0% over reported 2007 levels. The company reported profit of $15.2 million, up 13.9% over the prior year same period. …

France-based electrical distributor Legrand reported sales of €3.2 billion (US$4.1 billion) for the first nine months of 2008, up 2.9% from the first nine months of 2007. Profit, excluding minority interests, was €292.5 million (US$373.1 million), down 2% from the prior year.
 
In the U.S. and Canada, sales were down 3.5%. Sales in France and Italy rose slightly by 0.4% and 0.9% respectively. Sales in the rest of Europe increased 0.4%, with strong activity in Eastern Europe offsetting steep declines in the Spanish market and an overall slowdown in residential business.
 
Latin American and Africa/Middle East experienced sales growth of 10.8%. Emerging economies confirmed their role as a growth driver, representing nearly 28% of group total sales. …

Emerson, St. Louis, MO, reported sales for fiscal 2008 were $24.8 billion, an increase of 12%. Sales for the fourth quarter ended Sept. 30, 2008, were $6.7 billion, an increase of 11%.
 
Underlying sales in the quarter grew 7%, excluding 2% from favorable currency exchange rates and 2% from acquisitions, net of divestitures. Underlying sales in the U.S. for the fourth quarter increased 1%. International sales increased 13% in the quarter on an underlying basis with Asia increasing 17%, Latin America increasing 25%, Middle East/Africa increasing 14%, and Europe increasing 6%.
 
The company completed the sale of its European appliance motor and pumps business on Sept. 30, 2008 for $101 million. …