Revenues for the fourth quarter of 2012 were $1,839 million and declined by 3 percent compared with the fourth quarter of 2011. Excluding Hussmann, revenue declined by 2 percent (down 1 percent excluding currency). Bookings, excluding Hussmann, declined by 1 percent year-over-year.On a year-over-year basis, total commercial HVAC revenues were flat, with a low-single digit percent decline in equipment and systems offset by increased revenues from parts, services and solutions. Commercial revenues increased in the Americas and declined in Europe and Asia. Fourth-quarter bookings for commercial HVAC reflected a mid-single digit percentage improvement compared with the 2011 fourth quarter with gains in the Americas and Asia offsetting a slight decline in Europe. Total Thermo King refrigerated transport revenues decreased in the fourth quarter compared with last year, primarily due to declines in marine containers. Trailer and truck sales were up compared with last year as revenue gains in the Americas and Asia were partially offset by lower European volumes.
Ingersoll Rand Delivers Fourth-Quarter EPS From Continuing Operations Of $0.77
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