Fourth-quarter segment operating margin for Industrial Technologies was 16.1 percent, an increase of 0.8 percentage points compared with last year. The segment margin improvement was due to higher volumes, improved pricing and productivity, which were partially offset by inflation and investment spending. Air and Productivity operating margins exceeded 17 percent in the fourth quarter and exceeded 16 percent for full year 2012.Residential Solutions includes the Trane and Schlage brands, which deliver safety, comfort and efficiency to homeowners throughout the Americas. Products, services and solutions include mechanical and electronic locks, HVAC systems, indoor air quality solutions and controls, and remote home management systems. Fourth-quarter revenues were $422 million, a decrease of approximately 5 percent (down 5 percent, excluding currency) compared with 2011. Bookings also declined by mid-single digit percentages year-over-year.
Ingersoll Rand Delivers Fourth-Quarter EPS From Continuing Operations Of $0.77
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