The 2020 Mid-Year Economic Update_long

Ingersoll-Rand Sales Up 6% in 1Q

Profit decreased 35.1 percent in the first quarter.

Ingersoll-Rand plc (NYSE: IR), Swords, Ireland, reported sales for the first quarter of $2.9 billion, a 6 percent increase over the same period a year ago. Profit decreased 35.1 percent to $51.3 million.

Industrial sales were $729.3 million for the first quarter, a 6.9 percent increase year-over-year.

Climate solutions sales were $2.2 billion, an increase of 5.8 percent compared to the same period a year earlier.

The company also completed two acquisitions during the quarter, the centrifugal compression division of Cameron International Corp. and FRIGOBLOCK, a European leader in hybrid-diesel transportation refrigeration.

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