The 2020 Mid-Year Economic Update_long

Ingersoll-Rand Sales Up 5.2% in 2017

Company's fourth-quarter sales increase 7.7 percent.

Ingersoll-Rand plc (NYSE: IR), Swords, Ireland, reported sales for 2017 of $14.2 billion, a 5.2 percent increase from the previous year. Profit decreased 11.8 percent to $1.3 billion.

Sales for the fourth quarter were $3.6 billion, a 7.7 percent increase over the same period a year ago. Profit was $459.9 million compared to $198.8 million in the previous fourth quarter.

Industrial segment sales were $857.9 million, up 7.2 percent from the same quarter a year ago.

Climate segment sales were $2.8 billion for the fourth quarter, an increase of 7.9 percent compared to the same period a year earlier.

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