Cooper Industries, Ltd., Houston, TX, reported second quarter 2008 revenues increased 18% to $1.72 billion over the same period last year. Profit was $161.9 million, a decrease of 22.6% from second quarter 2007.
Acquisitions contributed 8% to second quarter revenue growth.
For the first six months, sales were $3.27 billion, an increase of 14.3% from the first six months 2007. Profit was $315.3 million, down 7.6% from the prior year.
Electrical Products segment revenues for the second quarter of 2008 increased 19 percent to $1.51 billion, compared with $1.27 billion in the second quarter 2007. Core revenues increased by over 7% with acquisitions contributing close to 9% and currency translation contributing over 2% to the year-over-year growth. …
Cooper Industries Sales Up 18% in 2Q
Cooper Industries, Ltd., Houston, TX, reported second quarter 2008 revenues increased 18% to $1.72 billion over the same period last year. Profit was $161.9 million, a decrease of 22.6% from second quarter 2007.
Acquisitions contributed 8% to second quarter revenue growth.
For the first six months, sales were $3.27 billion, an increase of 14.3% from the first six months 2007. Profit was $315.3 million, down 7.6% from the prior year.
Electrical Products segment revenues for the second quarter of 2008 increased 19 percent to $1.51 billion, compared with $1.27 billion in the second quarter 2007. Core revenues increased by over 7% with acquisitions contributing close to 9% and currency translation contributing over 2% to the year-over-year growth. …
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- Filed In: Electrical, Free, News, Subscriber Only, Top Distributor Sectors
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