Posted July 26, 2017

Ingersoll Rand sales up 6 percent

Ingersoll-Rand plc reported second-quarter revenues of $3.9 billion were up 6 percent from $3.7 billion in the same period last year.

The company reported net earnings of $359 million, or earnings per share of $1.38, for the quarter.

“Growth in revenue in our Commercial and Residential HVAC businesses was again exceptional and our Industrial segment continued to make solid steady progress growing organic bookings at 5 percent and expanding operating margins," said Michael W. Lamach, chairman and chief executive officer. 

In the Industrial segment, net revenues were up 1 percent to $765 million. Regionally, revenue growth in North America was partially offset by declines in overseas markets