Ingersoll-Rand Q4 Sales Rise, Profit Sinks

Despite solid gains in total and organic sales in the quarter, the company's net income sunk nearly 30 percent.

Id 12581 Ingersoll

Swords, Ireland-based Ingersoll-Rand reported its 2015 fourth quarter and full year fiscal results on Tuesday, posting increases in total sales and organic sales.

The company's Q4 sales of $3.3 billion were up 2.7 percent year-over-year, while profit of $233.5 million was down 7.8 percent. Ingersoll-Rand said organic sales increased 3 percent. Organic sales in the U.S. improved 4 percent from a year ago, while international organic sales increased 2 percent.

By segment compared to last year:

  • Climate Q4 sales of $2.5 billion increased 5 percent organically
  • Industrial sales of $834 million increased 5 percent organically

For the full year 2015, Ingersoll-Rand's sales of $13.3 billion were a 3.2 percent increase over 2014, while profit of $664.6 million dropped 28.7 percent. Organic sales increased 5 percent from a year ago.

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