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17-12-2007
Ingersoll-Rand
Company Limited (NYSE:IR), a leading diversified industrial firm, announced earnings
and revenues for the third quarter of 2007 in its headquarters. The company reported
net earnings of $266.6 million, or diluted earnings per share (EPS) of $0.92,
for the third quarter of 2007. Third-quarter net earnings included $197.6 million,
or EPS of $0.68, from continuing operations, as well as $69.0 million of income
equal to EPS of $0.24 from discontinued operations. Discontinued operations included
EPS of $0.29 from the earnings of discontinued businesses, and the retained costs
of divested businesses equal to EPS of ($0.05). Net income for the third quarter
includes pretax restructuring costs of approximately $14.3 million. Third-quarter
EPS excluding restructuring costs was $0.96. The operating results of the Road
Development, Bobcat, Utility Equipment and Attachments businesses were reclassified
as discontinued operations for the third quarter of 2007 and all-prior periods. "Third-quarter
2007 performance continued to demonstrate the benefits of our transformed business
portfolio, expanded market and geographic diversity, and our investments to fuel
innovation," said Herbert L. Henkel, chairman, president and chief executive
officer. "We again offset several soft domestic markets with strong revenue
growth from international operations, new product offerings and recurring revenues." Ingersoll-Rand
Company Limited is a global diversified industrial firm providing products, services
and solutions to transport and protect food and perishables, secure homes and
commercial properties, and enhance industrial productivity and efficiency.
Editor:Frederick
Wei from Chinabuses.com
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