Document VG44Bja64yjaY2Em28kwyDo0N

2000 vs 1999 Revenues Revenues rose 15% in 2000 compared to 1999 Excluding the effects of acquisitions, revenues were slightly ahead of the prior year period Revenues, excludmg acquisitions and the impact of foreign currency translation, grew 2% compared to 1999 Electrical Products segment revenues represent 82% of 2000 revenues and rose 20% over 1999 Excludmg the impact of acquisitions, segment revenues were up 1% compared to 1999 By further excluding the impact of foreign currency translation, revenues for the Electrical Products segment grew 2% over 1999 Contmued strong demand for circuit protection and electronic power management products, along with solid growth m lighting products drove core busmess revenue gams compared to 1999, partially offset by declines in hazardous duty construction material sales which were impacted by delayed recovery m energy markets The Tools & Hardware segment contributed 18% of total revenues m 2000 Revenues were 1% below the prior year The impact of translation reduced revenues for 2000 by approximately 3% Segment Operating Earnings Cooper measures the performance of its busmesses exclusive of nonrecurring gains and charges and financing expenses All costs directly attributable to operating busmesses are included m segment operating eammgs Corporate overhead costs, including costs of centrally managed functions, such as treasury, are not allocated to the busmesses See Note 15 of the Notes to Consolidated Financial Statements Segment Operating Earnings (internal management reporting excludes nonrecurring charges) 2001 Year Ended December 31, 2000 (in millions) 1999 Electrical Products Tools & Hardware Total Segment Operating Earnings $ 437 0 68 6 $ 505 6 $ 585 0 97 7 $ 682 7 $ 516 7 97 9 $ 614 6 Nonrecurring Charges Electrical Products Tools & Hardware Continuing Segments Kirsch Total $ (24 0) - (24 0) - $ (24 0) $ - $ $ (3 0) (4 3) (7 3) 28 $ (4 5) Segment Operating Earnings (generally accepted accounting principles - includes nonrecurring charges) Electncal Products Tools & Hardware Continuing Segment Operating Earnings Kirsch Total Segment Operating Eammgs $ 413 0 68 6 481 6 - $ 481 6 $ 585 0 97 7 682 7 - $ 682 7 $ 513 7 93 6 607 3 28 $ 6101 14