All Releases
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Ingersoll-Rand Reports Results of Voting From Its Annual General Meeting
Jun 5, 2008
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Hamilton, Bermuda, June 5, 2008—Ingersoll-Rand Company Limited (NYSE:IR), a leading diversified-industrial firm, held its 2008 Annual General Meeting of shareholders in Woodcliff Lake, New Jersey, yesterday.
The items voted upon by the company's shareholders included nominations to elect 11 members of Ingersoll Rand's board of directors, a proposal to approve the amended and...
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Ingersoll Rand to Discuss Its Business and Proposed Acquisition of Trane at Electrical Products Group Conference
May 15, 2008
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Hamilton, Bermuda and Piscataway, New Jersey, May 14, 2008 – Ingersoll-Rand Company Limited (NYSE:IR) and Trane Inc. (NYSE: TT) announced today that James V. Gelly, senior vice president and chief financial officer of Ingersoll Rand, will discuss Ingersoll Rand's businesses and its proposed acquisition of Trane starting at 1:15 p.m., EDT, Monday, May 19, at the Electrical Products Grou...
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SEC Declares Ingersoll Rand Form S-4 Registration Effective
May 7, 2008
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Hamilton, Bermuda, May 7, 2008—Ingersoll-Rand Company Limited (NYSE:IR) today announced that the United States Securities and Exchange Commission has declared effective the Registration Statement on Form S-4, including the proxy statement/prospectus, relating to the company's proposed acquisition of Trane Inc. (NYSE:TT). Trane will hold a special meeting of stockholders on June 5, 2008, to v...
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Ingersoll Rand Announces 2008 First Quarter Earnings of $0.77 per Share from Continuing Operations
Apr 30, 2008
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Revenues increased by 9.5% to $2,163 million in the first quarter.
Operating income increased by 18% and operating margin improved by 0.8 percentage points to 11.4% of revenues.
Diluted earnings per share from continuing operations of $0.77 for the 2008 first quarter, in line with prior guidance.
Hamilton, Bermuda, Apr...
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Ingersoll Rand Announces Business Sector Leadership Team
Apr 24, 2008
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Hamilton, Bermuda, April 24, 2008—Ingersoll-Rand Company Limited (NYSE:IR) today announced the business sector leadership team for the company, effective upon the completion of the acquisition of Trane Inc. (NYSE:TT).
Michael W. Lamach, currently president, Ingersoll Rand Security Technologies Sector, will become president of Trane Commercial Systems, succeeding W. Cra...
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Ingersoll Rand Schedules Conference Call and Webcast Relating to its 2008 First-quarter Financial Results
Apr 7, 2008
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Hamilton, Bermuda, April 7, 2008—Ingersoll-Rand Company Limited (NYSE:IR), a leading diversified industrial company, today announced that it expects to release its 2008 first-quarter financial results on Wednesday, April 30, 2008, at 7:00 a.m. Eastern Time.
On the same day, Herbert L. Henkel, Ingersoll Rand chairman, president and chief executive officer, and James V. Gelly, s...
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Ingersoll Rand Declares Quarterly Dividend
Apr 2, 2008
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Hamilton, Bermuda, April 2, 2008—Ingersoll-Rand Company Limited's board of directors today declared a quarterly dividend of 18 cents per Class A common share, payable June 2, 2008, to shareowners of record on May 15, 2008.Ingersoll Rand (NYSE:IR) has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910.Ingerso...
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Ingersoll Rand Announces 2007 Full-Year Revenue Growth of 9%; Completes Sale of Compact Equipment Businesses
Feb 14, 2008
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Fourth-quarter revenues increased by 8% to $2,323 million. Full-year 2007 revenues increased by 9% to $8,763 million.
Pre-tax earnings from continuing operations increased by 16% in the fourth quarter of 2007 and by 9% for the full year.
Full-year 2007 available cash flow of $714 million.
Hamilton, Bermuda, February 14, 2008 -...
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Ingersoll Rand Declares Quarterly Dividend
Feb 6, 2008
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Hamilton, Bermuda, February 6, 2008—Ingersoll-Rand Company Limited's board of directors today declared a quarterly dividend of 18 cents per Class A common share, payable March 3, 2008, to shareowners of record on February 15, 2008.
Ingersoll Rand (NYSE:IR) has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910.
In...
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Ingersoll Rand to Postpone Release of 2007 Fourth-Quarter and Full-Year Earnings
Feb 1, 2008
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Hamilton, Bermuda, February 1, 2008—Ingersoll-Rand Company Limited (NYSE: IR) announced today that it will postpone the release of its 2007 fourth-quarter and full-year results until February 14, 2008. This delay is primarily caused by year-end closing activity associated with the November 30, 2007, divestiture of the company's Compact Equipment business. This extended reporting sche...
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Ingersoll Rand Records Charge for All Pending and Potential Asbestos-related Claims
Jan 11, 2008
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Hamilton, Bermuda, January 11, 2008—Ingersoll-Rand Company Limited (NYSE: IR) announced today that it has taken a non-cash charge to earnings of discontinued operations of $449 million ($277 million after tax) relating to the company's liability for all pending and estimated future asbestos claims through 2053. This charge results from an increase in the company's recorded liability f...
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Ingersoll-Rand Seeks To Implement Majority Voting for Directors; Establishes Say-for-Pay Consultation Plan with Large Shareholders
Dec 18, 2007
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Hamilton, Bermuda, December 18, 2007—Ingersoll-Rand Company Limited (NYSE:IR) today announced two actions to enhance its corporate governance practices as part of its ongoing commitment to shareholders.
First, the company will seek shareholder approval to amend its bye-laws pertaining to the election of directors in order to implement majority voting in the election of director nomi...
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Ingersoll Rand to Acquire Trane Inc. for Approximately $10.1 Billion
Dec 17, 2007
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Transaction Creates a Global Diversified Industrial Company with expected
Pro Forma 2008 Revenues of $17 Billion and $2 Billion of EBIT
Transaction Immediately Accretive to Earnings with Estimated
2008 EPS of $4.00
Cost and Revenue Synergies are Expected to Exceed $300 million by 2010
Acquisition Price for Trane of $36.50 Per Share in Cash and 0.23 shares of Ingerso...
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Ingersoll-Rand Completes Sale of Bobcat, Utility Equipment and Attachments Business Units for $4.9 Billion
Nov 30, 2007
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Hamilton, Bermuda, November 30, 2007—Ingersoll-Rand Company Limited (NYSE:IR) today announced that it has completed the sale of its Bobcat, Utility Equipment and Attachments business units to Doosan Infracore for gross proceeds of approximately $4.9 billion, and net cash proceeds of approximately $3.75 billion.
The combined businesses manufacture and sell compact equipment, in...
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Ingersoll Rand Settles Oil for Food Matter with SEC and DOJ
Oct 31, 2007
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Hamilton, Bermuda, October 31, 2007 -- Ingersoll-Rand Company Limited (NYSE: IR) announced today that it has reached settlements with the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) relating to payments made by foreign subsidiaries in 2000-2003 in connection with the United Nations' Oil For Food Program.
Under the terms of the settlements,...
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Ingersoll Rand Announces Third-Quarter Earnings of $0.92; Revenues Increased by 10%.
Oct 26, 2007
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Raising Full-Year Forecast EPS to Record Level
Revenues increased by 10% to $2,239 million. 9% organic growth, including 2% from currency.
Diluted earnings per share of $0.92, $0.96 excluding $0.04 of restructuring costs, exceeded prior guidance.
Earnings per share from continuing operations increased by 8%; 14% excluding restructuring costs....
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Clark Equipment Announces Pricing for its Cash Tender Offer for Its Notes
Oct 23, 2007
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Hamilton, Bermuda, October 22, 2007 – Clark Equipment Company ("Clark"), an indirect wholly owned subsidiary of Ingersoll-Rand Company Limited ("Ingersoll Rand"), announced today the determination of the total consideration to be paid for its 8% Medium-Term Notes due May 1, 2023 (CUSIP No. 18139QAA6 ), 8.15% Medium-Term Notes due May 15, 2023 (CUSIP No. 18139QAB4) and 8.35% Medium-Term...
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Clark Equipment Announces Amendment of its Cash Tender Offer And Termination of the Consent Solicitation for Its Notes
Oct 12, 2007
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Hamilton, Bermuda, October 11, 2007 – Clark Equipment Company ("Clark"), an indirect wholly owned subsidiary of Ingersoll-Rand Company Limited ("Ingersoll Rand"), announced today that it was amending the terms of its cash tender offer to purchase any and all of its outstanding 8% Medium-Term Notes due May 1, 2023 (CUSIP No. 18139QAA6 ), 8.15% Medium-Term Notes due May 15, 2023 (CUSIP N...
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Ingersoll Rand Declares Quarterly Dividend
Oct 8, 2007
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Hamilton, Bermuda, October 8, 2007—Ingersoll-Rand Company Limited's board of directors on Saturday, October 6, declared a quarterly dividend of 18 cents per Class A common share, payable December 3, 2007, to shareowners of record on November 13, 2007.
Ingersoll Rand (NYSE:IR) has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends sin...
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Ingersoll Rand Company Names James Gelly Senior Vice President and Chief Financial Officer
Oct 8, 2007
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Hamilton, Bermuda, October 8, 2007—Ingersoll-Rand Company Limited (NYSE:IR) announced today that James V. Gelly has joined the company as senior vice president and chief financial officer. He also has been elected an officer of the company and will serve as a member of Ingersoll Rand's Enterprise Leadership Team. Gelly will have responsibility for the company's global finance functio...
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