Ingersoll Rand Delivers Fourth-Quarter EPS From Continuing Operations Of $0.77
Ingersoll-Rand plc (NYSE:IR), a world leader in creating and sustaining safe, comfortable and efficient environments, today reported that total revenues, excluding the divested Hussmann refrigeration business, were flat for the fourth quarter of 2012 compared with the 2011 fourth quarter. Diluted earnings per share from continuing operations were $0.77.
The company reported net earnings of $235.6 million, or EPS of $0.78, for the fourth quarter of 2012. Fourth-quarter net earnings included $234.7 million, or EPS of
$0.77, from continuing operations, as well as $0.9 million of income, or EPS of $0.01, from discontinued operations. Continuing operations included EPS of $0.01 from tax benefits related to the disposition of Hussmann. Excluding these items, adjusted EPS from continuing operations for the fourth quarter of 2012 was $0.76.
This compares with reported net earnings of $242.2 million, or EPS of $0.76, for the fourth quarter of 2011. Fourth-quarter 2011 net earnings included $249.4 million, or EPS of $0.79, from continuing operations, as well as $7.2 million of costs, or EPS of $(0.03), from discontinued operations. Continuing operations included EPS of $0.03 related to the disposition of Hussmann. Excluding these items, adjusted EPS from continuing operations for the fourth quarter of 2011 was $0.76. (See EPS table)
| EPS for Q4 and Full Year | |||||||||||||||||||||||||
| Q4 | Full Year | ||||||||||||||||||||||||
| 2012 | 2011 | 2012 | 2011 | ||||||||||||||||||||||
| EPS from Continuing Operations | $ | 0.77 | $ | 0.79 | $ | 3.30 | $ | 1.18 | |||||||||||||||||
Adjustments:
|
(0.01 | ) | (0.03 | ) | (0.01 | ) | 1.64 | ||||||||||||||||||
| Adjusted EPS from Continuing Operations | $ | 0.76 | $ | 0.76 | $ | 3.29 | $ | 2.82 | |||||||||||||||||
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