- Tyco's (TYC) net profit +66% to $270M, including a benefit of $0.11 related to the settlement of legacy litigation with previous management.
- Revenue from systems installation and services -2% in North America, +3% internationally. Global products revenue +6%.
- CEO George Oliver points to "signs of a recovery in non-residential construction markets in North America, (and) stability in Europe." Tyco also continues "to capture double-digit growth in our Growth Markets."
- "We are well positioned across our businesses and markets to continue to deliver strong results in 2014 and for the longer term," Oliver adds. (PR)
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