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Ingersoll-Rand Q3 profit climbs 9.5% YOY

Ingersoll-Rand PLC said its third-quarter normalized net income amounted to 99 cents per share, compared with the S&P Capital IQ consensus estimate of $1.16 per share.

EPS increased 10.9% year over year from 90 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $266.6 million, an increase of 9.5% from $243.4 million in the prior-year period.

The normalized profit margin climbed to 7.6% from 7.2% in the year-earlier period.

Total revenue rose on an annual basis to $3.49 billion from $3.38 billion, and total operating expenses rose on an annual basis to $3.01 billion from $2.94 billion.

Reported net income increased 5.1% on an annual basis to $313.9 million, or $1.17 per share, from $298.8 million, or $1.10 per share.