Ingersoll Rand Earnings Go Up 19%


Ingersoll Rand (IR) reports that its first quarter earnings were up 19 percent to $253.2 million, including a 7-percent increase in revenue for its Security Technologies business unit. IR had overall revenue of $2.7 billion for the first three months of 2006.

The earnings and revenue marked a record first quarter for IR.

“All of our business segments achieved revenue and earnings growth,” says IR President, Chairman and CEO Herbert Henkel.

The security division that includes such brands as Recognition Systems and Locknetics posted total first-quarter revenue of $524.8 million.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.

A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!

Subscribe Today!

Get Our Newsletters