Thomas & Betts HVAC Segment Performance Decline

Thomas & Betts' HVAC segment experienced a 13.6% sales decline in Q4 2008 and a 2.7% decline for the full year, with earnings as a percent of sales decreasing due to lower sales volumes.

“Fourth quarter HVAC segment sales declined $6.2 million or 13.6 percent to $39.1 million largely as a result of lower sales volumes. For the full year 2008, HVAC sales decreased $3.8 million or 2.7 percent to $139.1 million.”

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