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Ingersoll-Rand plc (NYSE: IR), Swords, Ireland, reported full year sales for 2013 of $12.4 billion, an increase of 3 percent from the previous year. Profit decreased 39.2 percent to $618.8 million.
Sales for the fourth quarter were $3.1 billion, a 6 percent increase over the same period a year ago. Profit decreased to $47.6 million from $235.6 million the previous year.
Fourth quarter revenues for the HVAC segment were up 8 percent year-over-year, while industrial segment revenues were up 1 percent.