Ingersoll-Rand reports increased margins in Climate Control division

April 22, 2002
Ingersoll-Rand reports in increase in operating margins for its climate control sector for the first quarter 2002. The climate control sector includes

Ingersoll-Rand reports in increase in operating margins for its climate control sector for the first quarter 2002. The climate control sector includes Thermo King and Hussman. The margins increased to 5.5% in 2002, up from 5.2% in 2001. Excluding acquisition, revenue for climate control decreased 8%. The decrease was sharper in the transport market with revenue dropping 12% as a result of soft refrigerated trailer sales and a 48% drop in refrigerated marine containers. In addition, demand for new refrigerated equipment has been slowed by ready availability of used equipment; however, the company believes that the supply of used equipment has declined by 50% in the past year. The decline in trailer sales was less severe in the first quarter 2002 than during the same period 2001.

About the Author

Gary Macklin

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...