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.
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.