Ingersoll-Rand plc (NYSE: IR), Swords, Ireland, reported second-quarter sales of $3.8 billion, down 7 percent from the same period a year ago. Profit was $365.8 million, compared with year-ago profit of $92.3 million.
| We Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email. |
U.S. revenues, excluding Hussmann, were up 4 percent in a year-over-year comparison, and sales from international operations declined 5 percent (up 1 percent excluding currency).
Climate Solutions sales were $2 billion, down 13 percent year over year. Excluding Hussmann, sales decreased 1 percent. Second-quarter 2012 segment operating margin was 12.1 percent, compared with 12.1 percent (12.3 percent excluding Hussmanns results) last year.
Industrial Technologies revenues in the second quarter of $790 million increased 2 percent (up 6 percent excluding currency) compared with the second quarter of 2011. Segment operating margin was 17 percent, and increased by 1.4 percentage points compared with last year.
Residential Solutions second-quarter revenues were $653 million, an increase of 3 percent (up 3 percent excluding currency) compared with 2011. Segment operating margin was 7.9 percent compared with 6.4 percent recorded in 2011.
Security Technologies second-quarter revenues of $411 million decreased by 3 percent (up 1 percent excluding currency) compared with the second quarter of 2011. Segment operating margin was 20 percent, compared with 21.8 percent in the second quarter of 2011.
