Ingersoll-Rand PLC said its normalized net income for the fourth quarter came to 75 cents per share, compared with the S&P Capital IQ consensus estimate of 92 cents per share.
EPS fell year over year from 77 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $196.8 million, a decrease from $205.0 million in the prior-year period.
The normalized profit margin dropped to 5.9% from 6.2% in the year-earlier period.
Total revenue totaled $3.36 billion, compared with $3.33 billion in the year-earlier period, and total operating expenses grew from the prior-year period to $2.98 billion from $2.93 billion.
Reported net income fell 14.4% from the prior-year period to $200.3 million, or 76 cents per share, from $234.1 million, or 88 cents per share.
For the year, the company's normalized net income totaled $3.26 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $4.21.
EPS rose from $2.97 in the prior year.
Normalized net income was $853.9 million, an increase from $796.5 million in the prior year.
Full-year total revenue increased on an annual basis to $13.51 billion from $13.30 billion, and total operating expenses came to $11.90 billion, compared with $11.81 billion in the year-earlier period.
The company said reported net income rose 109.9% year over year to $1.44 billion, or $5.52 per share, in the full year, from $688.2 million, or $2.57 per share.