Compressed Air Best Practices - April 2008 - (Page 49)

Compressed Air Industry PLASTICS BLOW-MOLDING | 04/08 | 2008 Outlook “Ingersoll Rand had a solid close to the year and has continuing momentum as it enters 2008. Many of Ingersoll Rand's major end markets continued to experience solid demand as we closed out 2007, and orders increased by about 7% compared with last year. Our backlog at year end increased in all of our business segments and was up by more than 20% overall compared with year-end 2006,” said Henkel. “Based on our recent order pattern and a review of customer and channel activity, we expect moderate growth in 2008. We expect slow growth in North America and Western Europe and continued brisk growth in the developing economies of Eastern Europe, Asia and Latin America. Consistent with this environment, we anticipate revenue growth of approximately 6% to 7% for 2008, with 2% related to currency. Operating margins are expected to increase by 1 to 1.5 percentage points in 2008 based on higher volumes, improved cost productivity and a somewhat lower level of material cost inflation relative to the past few years.” “Based on a projected May 31 closing date, Ingersoll-Rand’s full-year 2008 earnings from continuing operations are forecasted to be $3.80 to $3.90 per share, with discontinued operations at $0.06 per share of cost. It is anticipated that the Trane acquisition will require a number of one-time charges, primarily inventory step up, currently estimated at $0.40 to $0.45 per share. These charges are not reflected in our full-year forecast. This full-year forecast reflects a tax rate of 22–23% for continuing operations and an average diluted share count of 312 million shares. Available cash flow in 2008 is anticipated to exceed $1.1 billion.” “We expect end market activity and material costs in the first quarter of 2008 to be consistent with the fourth quarter of 2007. As a result, we expect Ingersoll Rand’s first-quarter 2008 revenue growth of 6–7% compared with 2007 and earnings from continuing operations in a range of $0.72 to $0.77 per share,” said Henkel. MARCH 4, 2008 PRICE PERFORMANCE SYMBOL LAST PRICE 1 MONTH 6 MONTHS 12 MONTHS COMPRESSED AIR BEST PRACTICES ™ MAGAZINE www.airbestpractices.com ADVERTISER INDEX Company Page Web Site Kaeser Compressor Outsider Back Cover Inside Back Cover Inside Front Cover 3 5 www.kaeser.com NPE2009 www.npe.org/exhibit Atlas Copco www.atlascopco.com Hitachi Curtis Air Compressors Mikropor America Chicago Pneumatic Bauer Compressors COAIRE Technologies Jorc Industries UE Systems WIX Filters Aerzen USA SPX Dehydration & Filtration Aggreko Energy Management Congress www.hitachi.us/airtech www.discovercurtis.com/zw 7 9 11 13 15 19 21 23 25 www.mikroporamerica.com www.cp.com www.bauercomp.com www.coaire.com www.jorc.com www.uesystems.com www.wixfilters.com www.aerzenusa.com www.spxdehydration.com Parker-Hannifin Ingersoll Rand Gardner Denver United Technologies Donaldson EnPro Industries SPX Corp PH IR GDI UTX DCI NPO SPW $64.38 $42.08 $37.98 $68.90 $41.61 $30.33 $104.71 -6.0% 8.8% 15.7% -6.4% -2.0% -4.7% 0.1% -9.6% -17.9% -2.3% -7.0% 11.0% -27.9% 15.9% 17.7% 0.1% 17.3% 7.8% 20.8% -18.4% 52.8% 29 31 www.aggreko.com www.energyevent.com www.airbestpractices.com 49 http://www.airbestpractices.com http://www.kaeser.com http://www.npe.org/exhibit http://www.atlascopco.com http://www.hitachi.us/airtech http://www.discovercurtis.com/zw http://www.mikroporamerica.com http://www.cp.com http://www.bauercomp.com http://www.coaire.com http://www.jorc.com http://www.uesystems.com http://www.wixfilters.com http://www.aerzenusa.com http://www.spxdehydration.com http://www.aggreko.com http://www.energyevent.com http://www.airbestpractices.com

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

Compressed Air Best Practices - April 2008 Contents From the Editor Utility-Air News The Compressed Air Audit of the Month: Minimizing Blow-Molding Pressure Fluctuations AF Compressors: Focused on 40 Bar, Oil-Free Air for the PET Industry Real World Best Practices: PET Plants Using Boosters for High-Pressure Air Guaranteeing Audit ROI for Blow-Molders Managing Vacuum Pressure Differential Are You Taking Full Advantage of Pneumatic Valve Technology? Are You Strategic? Resources for Energy Engineers: Training Calendar & Product Picks Wall Street Watch Advertiser Index Job Market

Compressed Air Best Practices - April 2008

For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.