OutlookIngersoll Rand’s major end markets showed an uneven and choppy demand pattern in the third quarter of 2012 with moderate organic growth rates in the United States and Latin America, and declining activity in Western Europe and in Asia. Based on current order rates, the company expects fourth quarter revenues to be flat compared with last year. Revenues for full-year 2012 are expected to be in the range of $13.95 billion to $14.05 billion. The year-over-year change in currency exchange rates is expected to reduce reported revenue growth by 2 percentage points in 2012. Full-year EPS from continuing operations are expected to be in the range of $3.17 to $3.23. The forecast includes a tax rate of 19 percent for continuing operations and an average diluted share count for the full year of approximately 311 million shares. Available cash flow for full-year 2012 is expected to approximate $1.0 billion, based on projected earnings, capital expenditures and working capital requirements. Fourth-quarter 2012 revenues are expected to be in the range of $3.4 billion to $3.5 billion and EPS from continuing operations are expected to be in the range of $0.64 to $0.70. The fourth-quarter forecast reflects a tax rate of 29 percent for continuing operations (includes a $22 million discrete tax charge) and an average diluted share count of approximately 306 million shares. This news release includes “forward-looking statements,” which are statements that are not historical facts, including statements that relate to the mix of and demand for our products, performance of the markets in which we operate, our capital allocation strategy and our 2012 full-year and fourth-quarter financial performance. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2011, Form 10-Q for the quarters ended March 31, 2012 and June 30, 2012, and in our other SEC filings. We assume no obligation to update these forward-looking statements.