Ingersoll-Rand sales up 4 percent
Ingersoll-Rand reported third-quarter revenues increased by 4 percent to $3.74 billion, compared with $3.59 billion for the 2012 third quarter.
Total U.S. revenues were up by 5 percent compared to 2012, and revenues from international operations increased by 3 percent.
The company reported net earnings of $165.9 million, or 56 cents per share, compared with earnings of $321.6 million, or $1.03, for the 2012 third quarter.
In the Industrial Technologies segment, which makes compressed air tools, revenues in the third quarter of $722 million increased by 3 percent compared with the third quarter of 2012. Air and productivity revenues increased slightly, as volume declines in the Americas were offset by gains in Europe.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
