Compressed Air Best Practices - October 2008 - (Page 64) | 10/08 Compressed Air Industry AUTOMOTIVE TRANSIT | WALL STREET WATCH “We completed a very productive quarter,” said Herbert L. Henkel, chairman, president and chief executive officer. “We finalized the acquisition of Trane, began achieving our planned synergies as we combined two strong companies and our businesses delivered strongerthan-expected results. Our second-quarter 2008 performance reflects the overall strength of our balanced business portfolio. Our products and services remain at the forefront of meeting critical needs, through energy-efficient refrigeration, air conditioning and industrial equipment; food-safety and preservation technologies; and commercial and residential security equipment and systems. Our customers continue to express their confidence in our industry-leading brands and our talented people, as reflected by solid overall revenue growth. In addition, our businesses are making important strides in operating efficiency and cost reductions. With the addition of Trane, we are a more formidable presence in the global climate control market, and we expect to significantly benefit from Trane’s expertise, technologies and people as we continue to grow.” The company classifies its businesses into four reportable segments based on industry and market focus: Air Conditioning Systems and Services (added on June 5 with the acquisition of Trane), Climate Control Technologies, Industrial Technologies and Security Technologies. “Our customers. continue to express their confidence in our industryleading brands and our talented people, as reflected by solid overall revenue growth.” SEPTEMBER 8, 2008 PRICE PERFORMANCE SYMBOL LAST PRICE 1 MONTH 6 MONTHS 12 MONTHS Parker-Hannifin PH $61.51 -4.2% -3.2% -17.7% Ingersoll-Rand IR $35.91 -9.9% -17.2% -32.6% Gardner Denver GDI $41.57 -9.7% 12.1% 6.9% United Technologies UTX $65.78 -4.2% -5.1% -14.6% Donaldson DCI $40.94 -10.3% 0.8% -0.4% EnPro Industries NPO $42.91 6.6% 35.2% -0.2% SPX Corp SPW $104.90 -10.5% 0.0% 18.2% 64 www.airbestpractices.com http://www.airbestpractices.com
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