Ingersoll-Rand plc (NYSE: IR), Swords, Ireland, reported sales for the first quarter of $2.7 billion, an increase of 3 percent from the previous year. Profit decreased 10.2 percent to $79 million.
Total U.S. sales were up 3 percent compared to the first quarter of 2013, with sales from international operations also up 3 percent.
Climate segment sales for the first quarter were $2 billion, an increase of 4 percent year-over-year. Industrial segment sales were $682 million, a slight increase from the prior-year quarter.
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