Ingersoll Rand

Posted in :

Reading Time: < 1 minute

Company web page; Google Finance; Yahoo Finance; quick facts on Trane unit.

2Q 2008 results (Bloomberg), released on Aug 1.
Ingersoll-Rand Co., the maker of Thermo King and Hussmann refrigeration equipment, said second- quarter profit rose 26 percent after acquiring air conditioner- maker Trane Inc.

Profit from continuing operations climbed to $262.5 million, or 90 cents a share, from $208 million, or 68 cents, a year earlier, matching analysts’ estimates. Sales grew 38 percent to $3.08 billion, the Hamilton, Bermuda-based company said today in a statement.

The results include about three weeks’ worth of sales from Trane. Ingersoll-Rand completed the $9.6 billion purchase June 5, creating a climate-control business that spans refrigerated truck parts, display cases and ventilation systems. The combined company is forecast to post sales of $17 billion this year as Chief Executive Officer Herbert Henkel expands the company’s industrial products after exiting construction machinery.

Buffett buys more IR stocks in Q2 2008 (gurufocus, seekingalpha).

Trane AC unit pic

%d bloggers like this: