Ingersoll-Rand sales dip
Ingersoll Rand reported revenues declined by 1 percent to $3.11 billion, compared with $3.15 billion for the 2012 first quarter.
Total U.S. revenues were up by 1 percent compared to 2012, and revenues from international operations decreased by 4 percent (down 4 percent excluding currency).
Net earnings were $88.0 million, or 29 cents per share, for the first quarter of 2013.
In the Industrial Technologie segment, which produces compressed air systems, tools, and fluid power products, total revenues in the first quarter of $680 million declined by 1 percent compared with the first quarter of 2012. Air and productivity revenues declined by a low-single digit percentage, as volume increases in the Americas and Western Europe were offset by declines in Asia. Bookings also declined slightly compared with 2012.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
