Ingersoll Rand reports lower earnings
Ingersoll-Rand plc reported net earnings of $233.5 million, or 88 cents per share, for the fourth quarter.
That compares to earnings of $255.5 million, or 95 cents, for the same period last year.
The company’s organic revenues increased 3 percent to $3.3 billion, compared with $3.2 billion for the 2014 fourth quarter. Total U.S. organic revenues were up 4 percent compared to 2014, and organic revenues from international operations increased 2 percent.
For the full-year, net revenues were $13.3 billion, an organic increase of 5 percent when compared with 2014. Net income for the year fell by 28.7 percent to $664.6 million, or $2.48 per share, compared to $931.7 million, or $3.40, for 2014.
Climate Segment revenues for the fourth quarter of 2015 were $2.5 billion, an organic increase of 5 percent.
Industrial Segment revenues in the fourth quarter of 2015 were $834 million and increased 5 percent compared with the fourth quarter of 2014.
INDUSTRIAL SUPPLY MAGAZINE
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