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For the full year 2009, sales were $11.9 billion, 23% less than the prior year. Profit was $383 million, down 64% over 2008.
Fourth quarter sales for the Electrical Americas segment were $827 million, down 20% from the fourth quarter of 2008. Operating profits in the fourth quarter were $126 million. Adjusting for acquisition integration charges in the fourth quarter of 2008, operating profits in the fourth quarter of 2009 were down 24%.
Sales for the Electrical Rest of World segment were $698 million, down 1% from the fourth quarter of 2008. Operating profits were $52 million. Excluding acquisition integration charges of $22 million during the quarter, operating profits totaled $74 million, up 42% compared to the fourth quarter of 2008.
In the Hydraulics segment, fourth quarter sales were $419 million, 21% lower than the fourth quarter of 2008. Hydraulics markets in the fourth quarter declined 30% compared to the same period in 2008, with U.S. markets down 39% and non-U.S. markets down 21%. Operating profits in the fourth quarter were $13 million. Adjusting for acquisition integration charges, operating profits were down 72%.
The Aerospace segment posted fourth quarter sales of $381 million, a decrease of 15% from the fourth quarter of 2008. Aerospace markets in the fourth quarter declined by 10%, with U.S. markets declining by 5% and non-U.S. markets declining by 20%. Operating profits were $47 million. Excluding acquisition integration charges of $3 million, operating profits were $50 million, down 37%.
The Truck segment posted sales of $443 million in the fourth quarter, up 1% compared to 2008. Truck markets in the fourth quarter declined 8%, with U.S. markets down 22% and non-U.S. markets up 10%. Operating profits were $51 million, an increase of 24% compared to the fourth quarter of 2008.
The Automotive segment posted fourth quarter sales of $363 million, up 9% from the fourth quarter of 2008. Automotive unit production grew 10%, with U.S. markets down 5% and non-U.S. markets up 17%. Operating profits in the fourth quarter were $32 million.
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| Title | Company | Location |
|---|---|---|
| Digital Strategy Manager | Border States Electric | Fargo North Dakota |
| Risk Manager | Border States Electric | Fargo ND |
| Purchasing Manager | PCA SKIN | Scottsdale, AZ |
| BUSINESS DEVELOPMENT MANAGER | Graybar Electric Company | Denver, CO |
| INDUSTRIAL OUTSIDE SALES REPRESENTATIVE | Graybar Electric Company | Phoenix, AZ |
| General Manager | Applied Industrial Technologies | Norfolk, VA |
| Rubber Specialist | Applied Industrial Technologies | Baltimore, MD |
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