T&B Reports Drop In Fourth-Quarter Profit

Thomas & Betts Corp. (T&B), Memphis, Tenn., reported net earnings were $17.1 million in the fourth quarter compared to $48.3 million in the fourth quarter of 2007. Revenue for the period ended Dec. 31 was $571.3 million, down 5 percent from $602.4 million in the fourth quarter of 2007. Sales in the company's Electrical segment were $464.7 million in the fourth quarter, down 6.6 percent year over year.

During 2008, T&B sold its minority interest in Leviton Manufacturing for

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