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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) January 26, 1998
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Cooper Industries, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Ohio
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(State or Other Jurisdiction of Incorporation)
1-1175 31-4156620
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(Commission File Number) (IRS Employer Identification No.)
600 Travis, Suite 5800, Houston, Texas 77002
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(Address of Principal Executive Offices) (Zip Code)
713/209-8400
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
Fourth Quarter and Year-End 1997 Results of Operations
On January 26, 1998, Cooper Industries, Inc. ("the Company") issued the press
release attached hereto as Exhibit 99.1 setting forth the Company's results of
operations for the fourth quarter and year ended December 31, 1997.
Set forth below is certain additional financial information by industry segment
for the Company's years ended December 31, 1996 and December 31, 1997:
Revenues Operating Earnings*
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1997 1996 1997 1996
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(in millions) (in millions)
Electrical Products $ 2,568.3 $ 2,407.5 $ 461.6 $ 408.3
Tools & Hardware 749.9 720.1 99.6 91.4
Automotive Products 1,873.2 1,903.2 186.9 189.3
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Subtotal $ 5,191.4 $ 5,030.8 $ 748.1 $ 689.0
Kirsch 97.4 252.9 4.8 22.0
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Total $ 5,288.8 $ 5,283.7 $ 752.9 $ 711.0
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* Excluding non-recurring gains and accruals.
Business Outlook for 1998
Based on current information and business conditions, the Company expects to
achieve in 1998 a double-digit increase in earnings over 1997 earnings before
nonrecurring items ($3.16).
The above statement is forward-looking, and actual results may differ
materially. The above statement is based on a number of assumptions, risks and
uncertainties. The primary economic assumptions include, without limitation, (i)
modest growth in the domestic economy; (ii) a modest improvement in European
markets; (iii) a modest increase in construction spending worldwide; (iv) no
significant change in raw material costs; (v) no major customer consolidation in
the automotive aftermarket; and (vi) no significant adverse changes in the
relationship of the currencies of Western European countries to the U.S. dollar.
The estimate also assumes, without limitation, no significant change in
competitive conditions and such other risk factors as are discussed from time to
time in the Company's periodic filings with the Securities and Exchange
Commission.
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Item 7. Financial Statements and Exhibits.
Exhibits
99.1 Company Press Release Dated January 26, 1998 Titled "Cooper
Industries Reports Record Net Income for 1997. Fourth
quarter diluted share earnings up 18%."
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COOPER INDUSTRIES, INC.
(Registrant)
Date: January 26, 1998 /s/ D. Bradley McWilliams
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D. Bradley McWilliams
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No.
99.1 Company Press Release Dated January 26, 1998 Titled "Cooper
Industries Reports Record Net Income for 1997. Fourth quarter
diluted share earnings up 18%."