According to Cooper Industries plc (NYSE: CBE), a global electrical products manufacturer, the company has delivered record-breaking earnings per share of $1.17 in the second quarter, a year-on-year increase of 22% from $0.96. It also achieved total operating profit margin of 16.7%, an increase from 15.8% in the same period last year.
 
During the quarter, the Company recognized $10.7 million of expense relating to the previously announced Eaton Corporation (NYSE: ETN) transaction and certain legacy environmental issues, primarily offset by a $9.1 million gain from the sale of the Envirotemp FR3 fluid business and brand. Excluding the effect of these items, total operating profit margin was 16.8% for the second quarter of 2012, up from 15.8% in the same period last year. 
 
Second quarter 2012 revenues increased $100.8 million, or 7.4%, to $1.47 billion compared to revenues of $1.37 billion in the second quarter of the prior year.  Core revenue growth was 5.5%, with acquisitions adding 3.6% and currency translation reducing reported revenues by 1.7% when compared to the prior year.  For the quarter, the book-to-bill ratio was 102%, resulting in a backlog that is 20% above the December 31, 2011 backlog. The order rate slowed during the quarter with the June book-to-bill ending at 98%. Growth remained solid in the United States and developing markets where businesses selling into key growth markets such as industrial, utility, and oil & gas, more than offset the continued tepid demand in both commercial and residential construction markets.
 
During the first six months of 2012 Cooper reported free cash flow of $181.0 million.  The company's total debt net of cash as of June 30 was $720.7 million, which resulted in a 15.8% net debt-to-capitalization ratio.