Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from the line of Alexander Paris.
Alexander Paris – Barrington Research Associates
Good afternoon. Nice quarter.
Henry Knueppel
Thank you, Alex.
Alexander Paris – Barrington Research Associates
Just a couple of questions. Could I get a little better feel for your international stock? You did 27% outside the United States. Could you have a rough percentage of like Europe, Japan, and so forth breakdown?
David Barta
The way we look at that is Asia, kind of a broad scale versus – I have it by country, but – and I actually don’t have those with me. But the bulk of what we do is in the Asia, within Asia region, which would include China and India, as well as Thailand. But again I don’t have those numbers in front of me in the room.
Alexander Paris – Barrington Research Associates
Okay. And – but Japan, as you look at separately – I’m trying to get – how big is Europe?
David Barta
Europe for us is not large. We have on an annualized basis at somewhere in the neighborhood of, say, 50 million currently.
Alexander Paris – Barrington Research Associates
Okay.
David Barta
And probably actually a little above that. The Hwada business that we bought during the quarter has a fairly good size customer in Europe. So it’s probably between 50 million and 75 million now.
Alexander Paris – Barrington Research Associates
Okay. And just looking at HVAC and residential, you’ve also got big housing problems in Spain, the UK, Australia, and Europe. So it sounds like that that’s not as big an impact for you as it is in the United States. Is that correct?
David Barta
That’s correct. Our HVAC business, we do supply some of the U.S.-based customers that are located in Europe. It’s fairly small volume.
Alexander Paris – Barrington Research Associates
Okay. Just one other question yet. Could you give us a rough idea of – you gave us the sales – incremental sales in the acquisition, but a rough idea of the accretion in the second quarter and what’s expected in the second half?
David Barta
I don’t think our overall view has changed from the guidance that we’ve give previously for a true EPS accretion. And again what I have with me is the Op income for the business was approximately 7.7% or $10 million in Op income. So –
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