Cooper's Electrical Division Sees Sales Sag in 4Q

Cooper Industries announced that its Electrical Products Division segment saw revenues for the fourth quarter of 2009 decrease 18.8 percent to $1.1 billion, compared with $1.36 billion in the fourth quarter 2008. Total 2009 revenues for this division decreased 21.6 percent to $4.51 billion, compared to $5.76 billion for last year. Segment operating earnings for 2009 declined to $638.2 million excluding restructuring and asset impairment charges, compared to $930.3 million in the prior year. Details