Latest from Mag

Plenty of executive appointments over the past two weeks. Here’s Electrical Marketing’s expanded coverage of personnel changes in the electrical market.
Dec. 21, 2012
Wire man John Pasqual and lighting rep Jack Melnick
Dec. 21, 2012
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Electrical product prices remained on their flat trend, showing no change from October and little change in almost all major product categories.
Dec. 21, 2012
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Privately-owned housing starts in November were at a seasonally adjusted annual rate of 861,000, 3% below the revised October estimate, but 21.6% above the Nov. 2011 rate.
Dec. 21, 2012
Dec. 21, 2012
Veteran reps form new agency in Raleigh; WinWholesale buys Lloyd Graves in Texas; United Electric Supply expands through acquisition; and more.
Dec. 21, 2012
W.W. Grainger Inc., Lake Forest, Ill., announced plans to purchase Techni-Tool Inc., Worcester, Pa., a 200-plus employee distributor supplying customers in the cable television...
Dec. 21, 2012
Kaman Industrial Technologies (KIT), the industrial distribution business Kaman Corp., Bloomfield, Conn., has built up in recent acquisitions of Minarik, Zeller Electric and others...
Dec. 21, 2012
New York Mayor Michael Bloomberg offered an update on the city’s plans to renovate its infrastructure to withstand future storms.
Dec. 7, 2012

Cooper Industries’ 1Q 2008 Profits Rise

Cooper Industries Ltd., Houston, said its first-quarter profit rose 16 percent.
April 24, 2008

Cooper Industries Ltd., Houston, said its first-quarter profit rose 16 percent. Net income for the quarter ended in March rose to $153.4 million from $131.9 million. Revenue improved 11 percent to $1.55 billion from $1.39 billion.

Revenue for Cooper’s Electrical Products segment rose 12 percent. The increase in revenue for this segment reflects continued strength in the industrial and energy markets, with international market initiatives providing further growth for the first quarter of 2008. The continued softness in the U.S. residential markets partially offset the segment’s overall revenue growth. Revenues and earnings were also impacted by the loss of a large distribution center from a tornado, the company said.

“Cooper had a very strong start to 2008,” said Kirk Hachigian, the company’s chairman and CEO. “Our significant exposure to the energy and global project infrastructure markets, as well as increasing investment in faster-growing, higher-margin platforms allowed us to deliver solid top-line growth and double-digit earnings growth.”