Tomahawk, WI 04/24/2014 (Basicsmedia) – Ingersoll-Rand PLC (NYSE:IR) the world leader in creating sustainable environments released its 1Q2014 earnings report. Net earnings of $79.0 million were reported by the company.

1Q2014 Business Review

The company witnessed revenue of $2,041 for the 1Q2014, which is a 4% hike in revenue as compared to that of 1Q2013. Year-over-year the company had a 7% increase in bookings.

Earnings per share were $0.27 when compared to $0.22 EPS during the same period last year. The company reported a 3% increase in revenue as compared to 1Q2013.

The company’s strengths

The company’s strength can be witnessed in multiple segments including a solid financial position, highly reasonable debt, a hike in stock price all over the last year and low debt to equity ratio.

Rating Highlights

The analysts at the bank of America have reported the shares from neutral to a buy. A quarterly dividend has also been announced by the company. $0.25 per share will be paid as a dividend. This corresponds to an annual dividend yield of 1.72%.

Operating margins of the Company

Ingersoll-Rand PLC (NYSE:IR) reported an operating margin of 5.7% which is higher when compared to that of 4.5% during the same period last year. When restructured the operating margin was 6%, whereas the adjusted margin during the same quarter of 2013 was 5.4%.

Interest expense and taxes for 1Q2014

$52 million was paid as interest by the company, and this is lesser than the amount paid as interest during the first quarter last year. Other income to the company came around $2.2 million which is much higher than that of the same period last year. During the first quarter last year the company had $0.5 as other income.

The tax rate of Ingersoll-Rand PLC (NYSE:IR) was 23.3% for 1Q2014, and the effective rate for 1Q2013 was 7.5%.

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