Compressed Air Best Practices - October 2008 - (Page 65) Compressed Air Industry AUTOMOTIVE TRANSIT | 10/08 | COMPRESSED AIR BEST PRACTICES ™ MAGAZINE Industrial Technologies is focused on providing solutions to enhance customers’ industrial and energy efficiency and provides equipment and services for compressed air systems, tools, fluid power production and energy generation systems. Total revenues in the second quarter increased by approximately 8% to $806 million. Strength in industrial and process markets outside of North America and revenues from the aftermarket business continued to benefit the Air and Productivity Solutions business. Revenues in the Americas were flat compared with last year as higher recurring revenues were offset by lower equipment volumes. Air and Productivity Solutions revenues in Europe, Asia and India grew by approximately 25% compared with 2007. Secondquarter operating margin for Industrial Technologies of 12.9% declined compared with 14.6% last year, as higher volumes, improved pricing and productivity savings were more than offset by inflation, increased investment spending and approximately $12 million from product liability and restructuring costs. 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