EXHIBIT 99.2

SALES TRENDS

Sales comparisons are presented to help investors understand the general tone of
Cooper's business. These include the impacts of acquisitions, divestitures,
currency movements, etc. and are not necessarily indicative of business trends.

Specific questions regarding sales trends should be directed to Richard
Bajenski, Vice President, Investor Relations, bajenski@cooperindustries.com,
(713) 209-8610.

Sales for the three months ended on the date shown, compared to the same period
in the prior year:
<Table>
<Caption>
                                  04/30/01      05/31/01     06/30/01      07/31/01     08/31/01      09/30/01
                                  --------      --------     --------      --------     --------      --------
                                                                                    
Cooper Industries                   0-5%         (0-5)%        (8)%        (5-10)%      (10-12)%        (8)%
Electrical Products                 0-5%         (0-5)%        (8)%        (5-10)%      (10-12)%        (9)%
Tools & Hardware                   (5-10)%       (0-5)%        (7)%        (5-10)%       (6-8)%         (6)%
</Table>

OBSERVATIONS ON RECENT SALES TRENDS, FOR THE THREE MONTHS ENDED SEPTEMBER 30,
2001.

COOPER INDUSTRIES
Sales for the three months ended September 30, 2001, declined 8%, compared with
last year.

     o    Currency translation continues to have a modest negative impact.

ELECTRICAL PRODUCTS
Sales for the three months ended September 30, 2001, declined 9%, compared with
last year.

     o    Demand for hazardous duty electrical construction materials showed
          continued improvement as increased capital spending in the energy and
          petrochemical sectors spurred project activity.

     o    Continued softness in domestic industrial and commercial markets led
          to lower demand for lighting fixtures and wiring devices.

     o    Sales of electrical and electronic fuses, other circuit protection
          products and enclosures were considerably weakened by lower end-user
          demand.

     o    Continued uncertainty in the power delivery marketplace has hampered
          utilities' investments in distribution system products. Demand for
          distribution transformers and power management products remains weak.

     o    Reduced European economic activity has continued to weaken UK and
          European demand for lighting fixtures and security products.

     o    Competitive pressures continue to impact pricing in many markets.

     o    Currency translation effects, though negative, have moderated.

TOOLS AND HARDWARE
Sales for the three months ended September 30, 2001, declined 6%, compared with
last year.

     o    Assembly equipment shipments, particularly from European operations,
          continue at good levels.

     o    Slowing industrial and electronic assembly activity in North America
          has led to reduced demand for hand tools which has more than offset
          improved demand for new power tools.

     o    Currency translation effects have been modestly negative.

Note: Includes impacts of acquisitions and divestitures.