On a year-over-year basis, total commercial HVAC revenues decreased by 2 percent (flat excluding currency) primarily due to declining markets in Western Europe and currency translation. Total Thermo King refrigerated transport revenues declined in the third quarter compared with last year as moderate growth in the Americas was more than offset by declines in European and Asian markets and unfavorable currency translation.Third-quarter 2012 segment operating margin was 12.7 percent, compared with 11.5 percent (11.7 percent excluding Hussmann’s results) last year. The year-over-year margin improvement was due to pricing and productivity actions, partially offset by inflation, negative currency, unfavorable revenue volume/mix and higher investment spending.
Ingersoll Rand Delivers Third-Quarter EPS From Continuing Operations Of $1.07
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