Thomas & Betts 2008 Market Outlook

Thomas & Betts expects continued growth in industrial MRO and non-residential construction markets to offset residential construction weakness in 2008. Recently completed acquisitions are expected to contribute an additional 20% to sales growth.

“Growth in industrial MRO and non-residential construction markets should offset the impact of continued weakness in the residential construction market in 2008. As a result, we expect to report net sales growth in the mid-single digit range for the full-year 2008 in our underlying businesses. Recently completed acquisitions should contribute an additional 20 percent to sales growth.”

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