Thomas &Betts Corp., Memphis, TN, had sales of $2.1 billion for the full-year 2007, up 14.4% over 2006. Net earnings from continuing operations were $183.7 million.
Thomas &Betts completed four acquisitions in the year.
The 14.4% year-over-year sales growth was driven by solid demand in industrial and commercial markets and, to a lesser extent, price increases. Acquisitions contributed 6% to the sales increase.
The fourth-quarter sales increased 24% to $602.4 million. Acquisitions contributed 16% to the overall sales growth. Core growth was due to volume gains in industrial markets. Net earnings from continuing operations were $48.7 million.