EXHIBIT 99.1 | |||||||||
INGERSOLL-RAND COMPANY | |||||||||
Consolidated Income Statement | |||||||||
Third Quarter and Nine Months | |||||||||
(In millions, except percentages) | |||||||||
UNAUDITED | |||||||||
Three Months | Nine Months | ||||||||
Ended September 30, | Ended September 30, | ||||||||
2004 | 2003 | 2004 | 2003 | ||||||
Revenues | $ 2,368.0 | $ 2,064.0 | $ 6,934.6 | $ 6,002.3 | |||||
Cost of goods sold | 1,738.8 | 1,523.7 | 5,076.3 | 4,474.7 | |||||
Selling & administrative expenses | 351.0 | 329.4 | 1,035.9 | 968.4 | |||||
Restructuring charges | - | (1.9) | - | (1.9) | |||||
Operating income | 278.2 | 212.8 | 822.4 | 561.1 | |||||
Interest expense | (35.7) | (42.1) | (116.1) | (135.7) | |||||
Other income (expense) | 5.1 | (3.9) | 0.2 | (4.8) | |||||
Earnings before taxes | 247.6 | 166.8 | 706.5 | 420.6 | |||||
Provision for taxes | 42.0 | 21.6 | 99.0 | 50.4 | |||||
Earnings from continuing operations | 205.6 | 145.2 | 607.5 | 370.2 | |||||
Discontinued operations, net of tax | 32.2 | 9.4 | 96.0 | 76.9 | |||||
Net earnings | $ 237.8 | $ 154.6 | $ 703.5 | $ 447.1 | |||||
Basic earnings per share | |||||||||
Continuing operations | $ 1.19 | $ 0.85 | $ 3.50 | $ 2.18 | |||||
Discontinued operations | 0.18 | 0.05 | 0.55 | 0.45 | |||||
$ 1.37 | $ 0.90 | $ 4.05 | $ 2.63 | ||||||
Diluted earnings per share | |||||||||
Continuing operations | $ 1.18 | $ 0.83 | $ 3.46 | $ 2.15 | |||||
Discontinued operations | 0.18 | 0.05 | 0.54 | 0.45 | |||||
$ 1.36 | $ 0.88 | $ 4.00 | $ 2.60 | ||||||
Weighted-average number of common | |||||||||
shares outstanding: | |||||||||
Basic | 173.1 | 171.6 | 173.6 | 170.3 | |||||
Diluted | 175.0 | 174.8 | 175.7 | 171.8 | |||||
SEE ATTACHED RELEASE FOR ADDITIONAL INFORMATION | |||||||||
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8-K Filing
Ingersoll-Rand Inactive 8-KResults of Operations and Financial Condition
Filed: 21 Oct 04, 12:00am