Acquisitions Drive Growth and Margin Improvement for Thomas & Betts

Thomas & Betts' acquisitions contributed significantly to sales and earnings growth in Q2 2008, with acquired businesses adding $114.1 million in sales and $21.8 million in Electrical segment earnings. The company expects continued strong earnings from its core businesses and acquisitions.

“Acquisitions contributed $114.1 million or 22.5 percent to the increase while foreign currency benefited sales by approximately $18 million or four percent.”

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