Ingersoll Rand sales up 8 percent

Ingersoll Rand reported revenues of $3.73 billion in the third quarter, up 8 percent compared with 2009.

The company reported net earnings of $232.2 million, or 68 cents per share, compared to $216.6 million, or 65 cents per share, in the same period last year.

Revenues in the industrial technologies segment, which makes compressed air systems, tools and fluid power products, increased 22 percent to $624.3 million. Air and productivity revenues increased 24 percent, with volume increases in all major geographic regions. Revenues in the Americas increased 31 percent compared with last year as industrial and commercial markets for both air compressors and tools continued to improve. Air and Productivity Solutions revenues outside the Americas increased by approximately 17 percent compared with 2009, from improved activity in Asia.

Revenues for full-year 2010 are expected to be in the range of $13.8 billion to $13.9 billion, an increase of 6 to 7 percent.