Ingersoll-Rand Q2 Profit Decreases - Quick Facts

(RTTNews) - Ingersoll-Rand plc (IR) reported that its second-quarter net income to shareholders decreased to $317.2 million or $1.05 per share, from $365.8 million or $1.16 per share, last year. Profit per share from continuing operations decreased to $1.03, from $1.14 prior year.

Adjusted profit per share from continuing operations was $1.14 for the quarter. On average, 20 analysts polled by Thomson Reuters expected the company to report profit of $1.08 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased by 3 percent to $3.93 billion, compared to $3.82 billion last year. Total U.S. revenues were up by 4 percent compared to 2012, and revenues from international operations increased by 1 percent. Analysts expected revenue of $3.88 billion for the quarter.

The company expects revenues for the full-year 2013 to be in the range of $14.2 billion to $14.4 billion with full-year adjusted profit per share from continuing operations expected to be in the range of $3.50 to $3.60. Profit per share for 2013 from continuing operations are expected to be in the range of $2.75 to $2.95. Analysts expect the company to report full year 2013 profit per share of $3.58 on revenue of $14.40 billion.

The company expects its third-quarter revenues to be in the range of $3.65 billion to $3.75 billion. Adjusted profit per share from continuing operations are expected to be in the range of $1.07 to $1.12, with reported profit per share of $0.82 to $0.87. Analysts expect the company to report third-quarter profit per share of $1.10 on revenue of $3.76 billion.