Document reNJO9rB98RqKQrZzpkndwwya

COOPER INDUSTRIES LTD(Fomr 424B2, Received 10/25/2002 13 39 31) Page 3 of 68 Unless the context requires otherwise, references to "we," "us" or "our" refer collectively to Cooper Industries, Ltd (a Bermuda company) and its consolidated subsidiaries, including Cooper Industries, Inc , the Ohio corporation that until May 22, 2002 was the parent corporation for all historical operations l ABOUT THIS PROSPECTUS SUPPLEMENT This prospectus supplement contains the terms of this offering of notes This prospectus supplement may add, update or change information contained or incorporated by reference in the accompanying prospectus If the information in this prospectus supplement is inconsistent with the information contained or incorporated by reference m the accompanying prospectus, the information m this prospectus supplement will apply and will supersede that information contained or incorporated by reference in the accompanying prospectus li ABOUT COOPER INDUSTRIES, LTD. We are a diversified, worldwide manufacturing company doing business m two business segments Electrical Products and Tools & Hardware We make products that distribute and control electricity, provide circuit protection, illuminate facilities, support electronic and telecommunications components and offer fire and security detection We also make a wide variety of power tools, hand tools and accessories We have over 100 manufacturing facilities and nearly 30,000 employees m the United States and more than 20 foreign countries Our principal offices are located at 600 Travis, Suite 5800, Houston, Texas 77002. RECENT DEVELOPMENTS On October 22, 2002, we reported our results from operations for the 2002 third quarter and nine-month periods Revenues ... Net income ... .... Net income per common share (diluted) Three Months Ended September 30, Nine I* Ended Sept 2002 2001 2002 (unaudited) (in millions, except per share dat $ 999 3 $ 63.2 $ 0.68 $ 1,051.8 $ 74 3 $ 0 78 $ 2,975 5 $ 185 9 $ 1.98 Revenues for the 2002 third quarter were $999 3 million, compared with $1 05 billion for the same penod last year This decrease in revenue was primarily a result of continued weak demand m various markets served by our products Operating earnings for the 2002 third quarter were $102.5 million, httn //www. shareholder rnm/ronner/FdparDefail rfm7CorrmanvTD=rRF^rPnC=1141Q8? 1 /I R/?om