Compressed Air Best Practices - January 2008 - (Page 48)

| 01/08 Compressed Air Industry ENERGY MANAGEMENT | WALL STREET WATCH “We are very excited to welcome the KV team to Parker’s Automation Group,” said Roger Sherrard, Group President-Automation. “Their innovative, systems driven culture of more than 40 years complements our own and strengthens our industry expertise in key markets. These extensive capabilities, already well aligned with our global target markets, will allow us to bring even more value to our customers.” “We have been aware of Parker as the motion and control leader for quite some time,” said Tony Cersell, Managing Director, KV Ltd. “Our internal discussions determined that a candidate to acquire KV must be an industry leader of high reputation, able to leverage our pneumatic technology integration strengths, embrace our culture and work ethic and demonstrate a human resources ability to provide career development opportunities to KV employees. We are pleased that Parker meets all of those expectations.” Hamilton, Bermuda, October 26, 2007 — Ingersoll-Rand Company Limited (NYSE:IR) announced earnings and revenues for the third quarter of 2007. The company reported net earnings of $266.6 million, or diluted earnings per share (EPS) of $0.92, for the third quarter of 2007. “Third-quarter 2007 performance continued to demonstrate the benefits of our transformed business portfolio, expanded market and geographic diversity and our investments to fuel innovation,” said Herbert L. Henkel, chairman, president and chief executive officer of Ingersoll-Rand. “We again offset several soft domestic markets with strong revenue growth from international operations, new product offerings and recurring revenues.” The company now classifies its businesses into three reportable segments based on industry and market focus: Climate Control Technologies, Industrial Technologies and Security Technologies. The results of Club Car® are now reported as part of the Industrial Technologies segment. Industrial Technologies is focused on providing solutions to enhance customers’ industrial and energy efficiency and provides equipment and services for compressed air systems, tools, fluid power production and energy generation systems. Total revenues in the third quarter increased by approximately 13% to $702 million. Air Solutions revenues increased by 19% with improved activity in industrial and process markets for complete air compressor units in all geographic regions and increased revenues from the aftermarket business. Productivity Solutions revenues increased by 4%, as expanding activity in fluid handling, material handling and industrial markets outside of North America offset sluggish domestic markets, particularly for tools. 48 www.airbestpractices.com Club Car revenues increased by 3% compared with the third quarter of 2006, primarily reflecting increased parts and rental revenues, higher sales of utility and off-road vehicles and market share gains in a soft golf market. Third-quarter operating margins for Industrial Technologies of 13.3% increased compared with 12.8% last year, resulting from higher volumes, improved pricing and productivity savings, partially offset by higher material costs and unfavorable product mix. Hartford, Conn., October 17, 2007 — United Technologies Corp. (NYSE:UTX) reported third quarter 2007 earnings per share of $1.21 and net income of $1.20 billion, up 22 percent and 20 percent, respectively, over the year ago quarter. Revenues for the quarter increased 14 percent to $13.9 billion and included 9 percent organic growth. Foreign currency translation and acquisitions accounted for the remainder of the revenue growth. Cash flow from operations was $1.38 billion and capital expenditures were $238 million. “This was another solid quarter for UTC. Notably, organic revenue growth came in at 9 percent, following 10 percent growth in each of the first two quarters of 2007. In addition, five of our six business segments grew profits at double-digit rates as markets in general remain healthy and cost reductions continue. While market conditions in Carrier’s North American residential business are clearly challenging, its other three global businesses delivered double-digit earnings growth,” said UTC Chairman and Chief Executive Officer George David. CHARLOTTE, N.C., Nov. 1, 2007 — EnPro Industries (NYSE: NPO) reported higher sales, increased segment profits and higher segment profit margins in the third quarter of 2007, and an improvement to net income in the quarter compared to a net loss in the third quarter of 2006. “Our third quarter results demonstrate the effectiveness of our strategies and the commitment of our employees and managers to carrying them out,” said Ernie Schaub, president and chief executive officer. “Sales, segment profits and segment profit margins were the best we’ve ever reported in a third quarter and were in line with the record performances we reported in the first two quarters of the year. Acquisitions, improved efficiencies, foreign exchange and continued strength in our markets all played a part in our ability to maintain a high level of performance.” Net income in the third quarter was $12.3 million, or $0.54 a share, compared to a net loss of $4.3 million or $0.20 a share in the third quarter of 2006. Before asbestos-related expenses and other selected items, income in the third quarter of 2007 improved to $19.5 million, or $0.86 a share, a 34% improvement over the third quarter of 2006, when income was $13.8 million, or $0.64 a share. http://www.airbestpractices.com

Table of Contents Feed for the Digital Edition of Compressed Air Best Practices - January 2008

Compressed Air Best Practices - January 2008 Contents Focus Industry Features Compressed Air Industry Articles From the Editor Real World Best Practices: Selecting A VSD Rotary Compressor Audit of the Month: Energy Savings in Peru The Low-Hanging Fruit in Pneumatic Systems Mikropor America, Inc. Wireless Sensor Networks: Improve Efficiency in Compressed Air Systems Special Report: The Chicago Pneumatic Compressor Launch in North America The Importance of Measuring Vacuum The Comp-Air Service Co. Special Report: The 2007 NAACD Wall Street Watch Advertiser Index Job Market

Compressed Air Best Practices - January 2008

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