IR announces $11.4b in 2006 earnings report

SSN Staff  - 
Thursday, March 1, 2007

HAMILTON, Bermuda--Jan. 31, Ingersoll Rand reported $11.4 billion in 2006 earnings, up eight percent over 2005. The security technologies division reported fourth quarter earnings of $587.7 million, a five percent increase over the same period in 2005. "Worldwide growth in commercial security markets offset declining North American residential activity and reduced lock shipments related to inventory reductions at certain 'Big Box' retail customers," the report read.