99.1 | |||||||||
INGERSOLL-RAND COMPANY LIMITED | |||||||||
Consolidated Income Statement | |||||||||
Third Quarter and Nine Months | |||||||||
(In millions except per share amounts) | |||||||||
UNAUDITED | |||||||||
Three Months | Nine Months | ||||||||
Ended September 30, | Ended September 30, | ||||||||
2003 | 2002 | 2003 | 2002 | ||||||
Revenues | $ 2,519.5 | $ 2,208.2 | $ 7,210.3 | $ 6,462.4 | |||||
Cost of goods sold | 1,921.1 | 1,691.5 | 5,497.7 | 4,932.2 | |||||
Selling & administrative expenses | 376.0 | 358.0 | 1,109.6 | 1,030.0 | |||||
Restructuring (reversals) / charges | (1.9) | 9.4 | (1.9) | 26.6 | |||||
Operating income | 224.3 | 149.3 | 604.9 | 473.6 | |||||
Interest expense | (42.4) | (58.7) | (136.4) | (177.0) | |||||
Other expense | (3.7) | - | (7.9) | (20.8) | |||||
Earnings before taxes | 178.2 | 90.6 | 460.6 | 275.8 | |||||
Provision for taxes | 24.9 | 11.8 | 63.1 | 36.2 | |||||
Earnings from continuing operations | 153.3 | 78.8 | 397.5 | 239.6 | |||||
Discontinued operations, net of tax | 1.3 | 10.5 | 49.6 | 38.0 | |||||
Earnings before cumulative effect | |||||||||
of change in accounting principle | 154.6 | 89.3 | 447.1 | 277.6 | |||||
Cumulative effect of change in | |||||||||
accounting principle, net of tax | - | - | - | (634.5) | |||||
Net earnings/(loss) | $ 154.6 | $ 89.3 | $ 447.1 | $ (356.9) | |||||
Basic earnings per share | |||||||||
- Continuing operations | $ 0.89 | $ 0.47 | $ 2.33 | $ 1.42 | |||||
- Discontinued operations | 0.01 | 0.06 | 0.30 | 0.22 | |||||
- Change in accounting principle | - | - | - | (3.76) | |||||
$ 0.90 | $ 0.53 | $ 2.63 | $ (2.12) | ||||||
Diluted earnings per share | |||||||||
- Continuing operations | $ 0.88 | $ 0.47 | $ 2.31 | $ 1.41 | |||||
- Discontinued operations | - | 0.06 | 0.29 | 0.22 | |||||
- Change in accounting principle | - | - | - | (3.72) | |||||
$ 0.88 | $ 0.53 | $ 2.60 | $ (2.09) | ||||||
Average number of common | |||||||||
shares outstanding: | |||||||||
Basic | 171.6 | 169.2 | 170.3 | 168.8 | |||||
Diluted | 174.8 | 169.9 | 171.8 | 170.3 | |||||
"SEE ATTACHED RELEASE FOR ADDITIONAL INFORMATION" | |||||||||
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8-K Filing
Ingersoll-Rand Inactive 8-KRegulation FD Disclosure
Filed: 22 Oct 03, 12:00am