The 2020 Mid-Year Economic Update_long

Ingersoll-Rand Sales Up 6% in 2Q

Year-to-date sales increased 5 percent year-over-year.

Ingersoll-Rand plc (NYSE: IR), Swords, Ireland, reported sales for the second quarter of $3.9 billion, a 6 percent increase over the same period a year ago. Profit decreased 52 percent to $358.6 million. Organic sales increased 7 percent.

Industrial segment sales for the second quarter were $764.6 million, a 1.5 percent increase year-over-year. Climate segment sales were up 7.1 percent to $3.1 billion.

For the first six months, sales were $6.9 billion, a 5 percent increase over the same period a year ago. Profit decreased 47.1 percent to $475.7 million.

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