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Fiscal year to date, sales were $6.3 billion, up 11.2 percent over the prior year period. Profit increased 12.4 percent to $480.8 million.
"We generated 8 percent sales growth in the quarter, substantially all of which was organic, led by double-digit revenue growth in our Industrial North America business segment," said Don Washkewicz, president and CEO. "Internationally, we are seeing some softening in business conditions consistent with global macro-economic indicators, which moderated our year over year revenue growth and affected segment operating margin performance."
Segment Results
In the Industrial North America segment, second quarter sales increased 13.2 percent to $1.2 billion, and operating income
was $195.7 million compared with $159.4 million in the same period a year ago.
In the Industrial International segment, second quarter sales increased 6.2 percent to $1.2 billion, and operating income was $165.9 million compared with $167.8 million in the same period a year ago.
In the Aerospace segment, second quarter sales increased 8.0 percent to $496.5 million, and operating income was $70.3 million compared with $63.6 million in the same period a year ago.
In the Climate and Industrial Controls segment, second quarter sales declined 2.9 percent to $208.2 million, and operating income was $9.8 million compared with $9.5 million in the same period a year ago.
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|---|---|---|
| Digital Strategy Manager | Border States Electric | Fargo North Dakota |
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