Thomas & Betts Reports Improved Electrical Segment Demand

Thomas & Betts reported a 15.8% increase in Electrical segment sales, driven by a recovery in global industrial MRO spending, improving residential construction in North America, and steady institutional and infrastructure construction activity.

“Factors contributing to the year-over-year volume increase included: a recovery in global industrial MRO spending; improving residential construction in North America; steady activity in U.S. institutional and infrastructure construction; and slightly improved global demand for utility distribution products.”

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