Ingersoll Rand Reports First-Quarter EPS from Continuing Operations of $0.31, Reaffirms Full-Year 2013 EPS Outlook

  Ingersoll Rand Reports First-Quarter EPS from Continuing Operations of
  $0.31, Reaffirms Full-Year 2013 EPS Outlook

  *First-quarter adjusted continuing earnings per share (EPS) of $0.42
  *Revenues of $3.1 billion in the first quarter, down 1 percent compared
    with 2012
  *Q1 2013 operating margin of 6.2 percent, adjusted operating margin of 7.4
    percent
  *Full-year 2013 EPS from continuing operations forecast remains $2.85 to
    $3.25 and $3.45 to $3.65 excluding restructuring and other one-time costs

Business Wire

SWORDS, Ireland -- April 23, 2013

Ingersoll-Rand plc (NYSE:IR), a world leader in creating and sustaining safe,
comfortable and efficient environments, today reported diluted earnings per
share (EPS) from continuing operations of $0.31 for the first quarter of 2013.

The company reported net earnings of $88.0 million, or EPS of $0.29, for the
first quarter of 2013. First-quarter net earnings included $95.2 million, or
EPS of $0.31, from continuing operations, as well as $7.2 million, or EPS of
$(0.02) of costs from discontinued operations. This compares with net earnings
of $95.6 million, or EPS of $0.31, for the 2012 first quarter. Results for the
first quarter of 2013 included $37.7 million, or $0.11 per share, of
restructuring and one-time charges. The prior year quarter included $23.3
million of restructuring costs equal to $0.06 per share. Before these items,
2013 adjusted EPS from continuing operations was $0.42 and increased by $0.05,
or 14 percent year-over-year (see attached tables for additional details).

“In the first quarter, we realized solid results from our strategy to increase
profitability and shareholder value, achieving a 14 percent year-over-year
increase in adjusted EPS from continuing operations,” said Michael W. Lamach,
chairman and chief executive officer. “We anticipate a continued
macro-economic environment of low revenue growth throughout 2013. With that
backdrop, we will continue to drive our operational excellence initiatives to
improve margin, execute the planned new security company spinoff and make
progress against our core initiatives. In addition, we continue to
consistently deliver returns to shareholders, including the initiation of a $2
billion share repurchase program this month.”

Additional Highlights from the 2013 First Quarter

Revenues: The company’s reported revenues declined by 1 percent to $3,112
million, compared with revenues of $3,151 million for the 2012 first quarter.
Total U.S. revenues were up by 1 percent compared to 2012, and revenues from
international operations decreased by 4 percent (down 4 percent excluding
currency).

Operating Margin: The first-quarter operating margin was 6.2 percent compared
with 6.7 percent in 2012. Adjusted for restructuring and one-time items, the
operating margin for the first quarter of 2013 was 7.4 percent, slightly below
the adjusted margin for the first quarter of 2012 of 7.5 percent. The
year-over-year margin decline was due to lower volume, unfavorable revenue
mix, inflation and an increase in investment spending that offset gains in
productivity initiatives and pricing.

Interest Expense and Other Income/Expense: Interest expense of $61 million for
the first quarter of 2013 declined by $8.4 million compared with the same
period last year due to lower debt balances. Other expense totaled $(7.0)
million for the first quarter of 2013, compared with $(0.2) million of expense
for the 2012 first quarter. The year-over-year change was due to higher
currency translation losses, primarily related to the devaluation of the
Venezuelan bolivar.

Taxes: The company had an effective tax rate of 19 percent in the first
quarter of 2013. The effective rate for the first quarter of 2012 was 27
percent.

First-Quarter Business Review

[Note: Adjusted margins for 2012 and 2013 exclude restructuring and other
one-time costs – see attached tables for additional details]

Climate Solutions delivers energy-efficient solutions globally and includes
Trane, which provides heating, ventilation and air conditioning (HVAC) systems
and commercial building services, parts, support and controls; and Thermo
King, the leader in transport temperature control solutions. Revenues for the
first quarter of 2013 were $1,616 million and declined by 3 percent compared
with the first quarter of 2012. Bookings declined by 1 percent year-over-year.

On a year-over-year basis, total commercial HVAC revenues decreased slightly
with a low-single digit percentage decline in equipment revenues offsetting
increased revenues in parts, service and solutions. Commercial HVAC revenues
declined in all geographic regions during the quarter compared with last year.
First-quarter 2013 HVAC bookings reflect a mid-single digit percentage decline
compared with last year.

Total Thermo King refrigerated transport revenues declined by a mid-single
digit percentage in the first quarter compared with last year. Bookings
increased by a mid-single digit percentage in the first quarter of 2013,
primarily due to a 30 percent year-over-year increase in North American
trailer orders.

First-quarter 2013 segment operating margin was 5.0 percent (6.1 percent
adjusted margin), compared with 5.7 percent (6.3 percent adjusted margin) last
year. The year-over-year adjusted margin decline was due to lower volumes,
unfavorable revenue mix, inflation and higher investment spending, partially
offset by pricing and productivity actions.

Industrial Technologies provides products, services and solutions to enhance
customers’ productivity, energy efficiency and operations. Products include
compressed air systems, tools, fluid power products, and golf and utility
vehicles. Total revenues in the first quarter of $680 million declined by 1
percent compared with the first quarter of 2012. Air and productivity revenues
declined by a low-single digit percentage, as volume increases in the Americas
and Western Europe were offset by declines in Asia. Bookings also declined
slightly compared with 2012.

Club Car revenues increased by a mid-single digit percentage compared with the
first quarter of 2012, primarily due to gains in golf car sales.

First-quarter segment operating margin for Industrial Technologies was 15.0
percent (15.4 percent adjusted margin). Adjusted margins increased by 1.1
percentage points year-over-year as the benefits from improved pricing and
productivity offset the impact of lower volumes, higher investment spending
and inflation.

Residential Solutions includes the Trane and Schlage brands, which deliver
safety, comfort and efficiency to homeowners throughout the Americas.
Products, services and solutions include mechanical and electronic locks, HVAC
systems, indoor air quality solutions and controls and remote home management
systems. First-quarter 2013 revenues were $464 million, an increase of 10
percent compared with 2012. First-quarter 2013 results included approximately
$18 million of revenues from a product line transferred from the Security
Technologies segment. Excluding the impact of the product line transfer,
first-quarter revenues increased by 6 percent on a comparable basis with 2012.
First-quarter 2013 bookings increased by a low-single digit percentage on a
comparable basis with 2012.

Total residential security revenues were up by a low-single digit percentage
on a comparable basis with 2012 as a result of improved sales to the new
builder markets in the United States. Residential HVAC revenues increased by a
mid-single digit percentage compared with the first quarter of 2012.

First-quarter 2013 segment operating margin was 1.5 percent (1.5 percent
adjusted margin), an increase of 3.9 percentage points when compared with a
negative 2.4 percent adjusted margin recorded in 2012. The segment margin
increase was due to higher volumes, pricing and productivity gains, which were
partly offset by negative mix and inflation.

Security Technologies is a leading global supplier of commercial security
products and services. The segment’s market-leading products include
mechanical and electronic security solutions, biometric and access-control
systems, and security and time and attendance scheduling software.

First-quarter revenues of $352 million decreased by approximately 7 percent
(down by 3 percent on a comparable basis excluding the results of a product
line transferred to the Residential Solutions segment) compared with the first
quarter of 2012. Revenues in the Americas were down low-single digit
percentages, as price improvements were more than offset by lower volumes.
Revenues in overseas markets declined by a mid-single digit percentage.
First-quarter 2013 bookings declined by a mid-single digit percentage on a
comparable basis with last year, mainly due to lower volumes in Europe and
Asia.

First-quarter segment operating margin was 16.7 percent (18.0 percent
adjusted) compared with 18.5 percent (19.5 percent adjusted) in the first
quarter of 2012. The lower adjusted segment operating margin was due to a
decline in volume, inflation and unfavorable revenue mix, which were partially
offset by higher productivity and improved pricing.

Balance Sheet and Share Repurchase

At the end of the first quarter, working capital was 4.3 percent of revenues,
compared with 3.4 percent in 2012. Cash balances and total debt balances were
$833 million and $3.2 billion, respectively. In April 2013, the company
initiated a $2 billion share repurchase program approved by the board of
directors in December 2012. The company expects to complete the repurchase
program by the end of the first quarter of 2014.

Spinoff of Commercial and Residential Security Businesses

On December 10, 2012, the company announced that its board of directors
unanimously approved a plan to spin off its commercial and residential
security businesses. The company expects the spinoff, which is intended to be
tax free to shareholders, to be completed prior to year-end 2013. The new
security company will become an independent publicly traded company and is
anticipated to be an Irish plc.

Outlook

For comparison purposes, the 2013 forecast is based on the current Ingersoll
Rand business structure, with four current operating sectors in place for the
full 12 months of 2013. Based on expected market activity for the remainder of
the year, the company reaffirms its outlook for 2013. Revenues for the
full-year 2013 are expected to be in the range of $14.2 billion to $14.6
billion with full-year adjusted EPS from continuing operations expected to be
in the range of $3.45 to $3.65. Costs related to the proposed spinoff of the
residential and commercial security businesses and restructuring expenses are
expected to be in the range of $0.40 to $0.60 per share. Including these
costs, EPS for 2013 continuing operations are expected to be in the range of
$2.85 to $3.25. The forecast includes a tax rate of 23 percent for continuing
operations and an average diluted share count for the full year of
approximately 300 million shares. Available cash flow for full-year 2013 is
expected to approximate $1.1 billion, excluding restructuring expenses and
costs related to the spinoff of the security business.

Second-quarter 2013 revenues are expected to be in the range of $3.8 billion
to $3.9 billion. Adjusted EPS from continuing operations for the second
quarter of 2013 are expected to be in the range of $1.05 to $1.10, with
reported EPS of $0.99 to $1.04 including security business spinoff and
restructuring costs equal to approximately $0.06 per share. The second-quarter
forecast reflects an ongoing tax rate of 23 percent for continuing operations
and an average diluted share count of approximately 300 million shares.

This news release includes “forward-looking statements,” which are statements
that are not historical facts, including statements that relate to the mix of
and demand for our products, performance of the markets in which we operate,
the proposed spinoff of our commercial and residential security businesses,
our capital allocation strategy and our 2013 full-year and second-quarter
financial performance. These forward-looking statements are based on our
current expectations and are subject to risks and uncertainties, which may
cause actual results to differ materially from our current expectations. Such
factors include, but are not limited to, our ability to successfully, if ever,
complete the proposed spinoff; our ability to fully realize the expected
benefits of the proposed spinoff; global economic conditions, demand for our
products and services and tax law changes. Additional factors that could cause
such differences can be found in our Form 10-K for the year ended December31,
2012 and in our other SEC filings. We assume no obligation to update these
forward-looking statements.

This news release also includes adjusted non-GAAP financial information which
should be considered supplemental to, not a substitute for or superior to, the
financial measure calculated in accordance with GAAP. Further information
about the adjusted non-GAAP financial information, including reconciliation to
the nearest GAAP measure, is included in financial tables attached to this
news release.

All amounts reported within the earnings release above related to net earnings
(loss), earnings (loss) from continuing operations, earnings (loss) from
discontinued operations, and per share amounts are attributed to Ingersoll
Rand’s ordinary shareholders.

Ingersoll Rand (NYSE:IR) advances the quality of life by creating and
sustaining safe, comfortable and efficient environments. Our people and our
family of brands—including Club Car®, Ingersoll Rand®, Schlage®, Thermo King®
and Trane®—work together to enhance the quality and comfort of air in homes
and buildings; transport and protect food and perishables; secure homes and
commercial properties; and increase industrial productivity and efficiency. We
are a $14 billion global business committed to a world of sustainable progress
and enduring results. For more information, visit ingersollrand.com.

                                   04/23/13

                          (See Accompanying Tables)

  *Condensed Consolidated Income Statement
  *Segments
  *Non-GAAP Financial Tables
  *Condensed Consolidated Balance Sheet
  *Condensed Consolidated Statement of Cash Flows
  *Balance Sheet Metrics and Available Cash Flow

                                                           
INGERSOLL-RAND PLC
Condensed Consolidated Income Statement
(In millions, except per share amounts)
                                                                  
UNAUDITED
                                                                  
                                                                  
                                               Three Months
                                               Ended March 31,
                                                2013             2012     
                                                                  
Net revenues                                   $ 3,112.4          $ 3,150.7
                                                                  
Cost of goods sold                               (2,192.1 )         (2,249.4 )
                                                                  
Selling & administrative expenses                (726.8   )         (689.6   )
                                                                  
Asset impairment                                -                0.3      
                                                                  
Operating income                                 193.5              212.0
                                                                  
Interest expense                                 (61.0    )         (69.4    )
                                                                  
Other income (expense), net                     (7.0     )        (0.2     )
                                                                  
Earnings (loss) before income taxes              125.5              142.4
                                                                  
Provision for income taxes                      (23.7    )        (38.0    )
                                                                  
Earnings (loss) from continuing                  101.8              104.4
operations
                                                                  
Discontinued operations, net of tax             (7.2     )        (2.2     )
                                                                  
Net earnings (loss)                              94.6               102.2
                                                                  
Less: Net earnings attributable to              (6.6     )        (6.6     )
noncontrolling interests
                                                                  
Net earnings (loss) attributable to            $ 88.0            $ 95.6     
Ingersoll-Rand plc
                                                                  
                                                                  
Amounts attributable to Ingersoll-Rand
plc ordinary shareholders:
Continuing operations                          $ 95.2             $ 97.8
Discontinued operations                         (7.2     )        (2.2     )
Net earnings                                   $ 88.0            $ 95.6     
                                                                  

Diluted earnings (loss) per share
attributable to Ingersoll-Rand plc
ordinary shareholders:
Continuing operations                          $ 0.31             $ 0.31
Discontinued operations                         (0.02    )        -        
                                               $ 0.29            $ 0.31     
                                                                  
Weighted-average number of common shares
outstanding:
Diluted                                          302.5              312.4
                                                                  

                                                          
INGERSOLL-RAND PLC
Business Review
(In millions, except percentages)
                                                                   
UNAUDITED
                                                                   
                                                                   
                                               Three Months
                                               Ended March 31,
                                                2013              2012    
Climate Solutions
Net revenues                                   $ 1,616.4           $ 1,661.8
Segment operating income *                       81.2                94.0
and as a % of Net revenues                       5.0     %           5.7     %
                                                                   
Industrial Technologies
Net revenues                                     680.3               688.7
Segment operating income *                       102.1               91.5
and as a % of Net revenues                       15.0    %           13.3    %
                                                                   
Residential Solutions
Net revenues                                     464.0               421.7
Segment operating income (loss) *                6.9                 (10.7   )
and as a % of Net revenues                       1.5     %           -2.5    %
                                                                   
Security Technologies
Net revenues                                     351.7               378.5
Segment operating income *                       58.8                69.9
and as a % of Net revenues                       16.7    %           18.5    %
                                                                   
Gain (loss) on sale/(asset impairment)           -                   0.3
Unallocated corporate expense                   (55.5   )          (33.0   )
                                                                   
Total
Net revenues                                   $ 3,112.4           $ 3,150.7
Consolidated operating income                  $ 193.5            $ 212.0   
and as a % of Net revenues                       6.2     %           6.7     %


* Segment operating income is the measure of profit and loss that the Company
uses to evaluate the financial performance of the business and as the basis
for performance reviews, compensation and resource allocation. For these
reasons, the Company believes that Segment operating income represents the
most relevant measure of segment profit and loss. The Company may exclude
certain charges or gains from Operating income to arrive at a Segment
operating income that is a more meaningful measure of profit and loss upon
which to base its operating decisions.

                                                              
INGERSOLL-RAND PLC
Reconciliation of non-GAAP to GAAP
(In millions, except per share amounts)
UNAUDITED
    
                               For the quarter ended March 31, 2013
                               As                                        As
                               Reported       Adjustments        Adjusted
                                                                         
      Net revenues             $ 3,112.4         $  -                    $ 3,112.4
                                                                         
      Operating income           193.5              37.7         (a)       231.2
      Operating margin           6.2     %                                 7.4     %
                                                                         
      Earnings from
      continuing                 125.5              37.7         (a)       163.2
      operations before
      income taxes
      Provision for              (23.7   )          (6.5  )      (b)       (30.2   )
      income taxes
      Tax rate                   18.9    %                                 18.5    %
      Earnings from
      continuing
      operations                 95.2               31.2         (c)       126.4
      attributable to
      Ingersoll-Rand plc
                                                                         
      Diluted earnings
      per common share
      Continuing               $ 0.31            $  0.11                 $ 0.42
      operations
                                                                         
      Weighted-average
      number of common
      shares outstanding
      Diluted                    302.5              -                      302.5
                                                                         
      Detail of
      Adjustments:
(a)   Restructuring/spin                            37.7
      costs
(b)   Tax impact                                   (6.5  )
      Impact of
      adjustments on
      earnings from
(c)   continuing                                 $  31.2  
      operations
      attributable to
      Ingersoll-Rand plc
                                                                         

The Company reports its financial results in accordance with generally
accepted accounting principles in the United States (GAAP). This supplemental
schedule provides adjusted non-GAAP financial information and a quantitative
reconciliation of the difference between the non-GAAP financial measures and
the financial measures calculated and reported in accordance with GAAP.

The non-GAAP financial measures should be considered supplemental to, not a
substitute for or superior to, financial measures calculated in accordance
with GAAP. They have limitations in that they do not reflect all of the costs
associated with the operations of our businesses as determined in accordance
with GAAP. In addition, these measures may not be comparable to non-GAAP
financial measures reported by other companies.

We believe the non-GAAP financial information provides important supplemental
information to both management and investors regarding financial and business
trends used in assessing our financial condition and results of operations. We
believe that it is meaningful to provide the relative impact of restructuring
and one-time charges and the corresponding tax impacts in order to present a
better understanding of our results on a period to period comparative basis.

The non-GAAP financial measures for operating income and margin, tax rate and
EPS assist investors with analyzing our business segment results as well as
with predicting future performance. In addition, these non-GAAP financial
measures are also reviewed by management in order to evaluate the financial
performance of each segment. They are the basis for performance reviews,
compensation and resource allocation. We believe that the presentation of
these non-GAAP financial measures will permit investors to assess the
performance of the Company on the same basis as management.

As a result, one should not consider these measures in isolation or as a
substitute for our results reported under GAAP. We compensate for these
limitations by analyzing results on a GAAP basis as well as a non-GAAP basis,
prominently disclosing GAAP results and providing reconciliations from GAAP
results to non-GAAP results.


                                                            
INGERSOLL-RAND PLC
Reconciliation of non-GAAP to GAAP
(In millions, except per share amounts)
UNAUDITED
    
                             For the quarter ended March 31, 2012
                             As                                        As
                             Reported       Adjustments        Adjusted
                                                                       
      Net revenues           $ 3,150.7         $  -                    $ 3,150.7
                                                                       
      Operating income         212.0              23.3         (a)       235.3
      Operating margin         6.7     %                                 7.5     %
                                                                       
      Earnings from
      continuing
      operations               142.4              23.3         (a)       165.7
      before income
      taxes
      Provision for            (38.0   )          (5.8  )      (b)       (43.8   )
      income taxes
      Tax rate                 26.7    %                                 26.4    %
      Earnings from
      continuing
      operations               97.8               17.5         (c)       115.3
      attributable to
      Ingersoll-Rand
      plc
                                                                       
      Diluted earnings
      per common share
      Continuing             $ 0.31            $  0.06                 $ 0.37
      operations
                                                                       
      Weighted-average
      number of common
      shares
      outstanding
      Diluted                  312.4              -                      312.4
                                                                       
      Detail of
      Adjustments:
(a)   Restructuring                               23.3
      costs
(b)   Tax impact                                 (5.8  )
      Impact of
      adjustments on
      earnings from
(c)   continuing                               $  17.5  
      operations
      attributable to
      Ingersoll-Rand
      plc
                                                                       

The Company reports its financial results in accordance with generally
accepted accounting principles in the United States (GAAP). This supplemental
schedule provides adjusted non-GAAP financial information and a quantitative
reconciliation of the difference between the non-GAAP financial measures and
the financial measures calculated and reported in accordance with GAAP.

The non-GAAP financial measures should be considered supplemental to, not a
substitute for or superior to, financial measures calculated in accordance
with GAAP. They have limitations in that they do not reflect all of the costs
associated with the operations of our businesses as determined in accordance
with GAAP. In addition, these measures may not be comparable to non-GAAP
financial measures reported by other companies.

We believe the non-GAAP financial information provides important supplemental
information to both management and investors regarding financial and business
trends used in assessing our financial condition and results of operations. We
believe that it is meaningful to provide the relative impact of restructuring
and one-time charges and the corresponding tax impacts in order to present a
better understanding of our results on a period to period comparative basis.

The non-GAAP financial measures for operating income and margin, tax rate and
EPS assist investors with analyzing our business segment results as well as
with predicting future performance. In addition, these non-GAAP financial
measures are also reviewed by management in order to evaluate the financial
performance of each segment. They are the basis for performance reviews,
compensation and resource allocation. We believe that the presentation of
these non-GAAP financial measures will permit investors to assess the
performance of the Company on the same basis as management.

As a result, one should not consider these measures in isolation or as a
substitute for our results reported under GAAP. We compensate for these
limitations by analyzing results on a GAAP basis as well as a non-GAAP basis,
prominently disclosing GAAP results and providing reconciliations from GAAP
results to non-GAAP results.


                                                                
INGERSOLL-RAND PLC
Reconciliation of non-GAAP to GAAP
(In millions)
UNAUDITED
                     
                         For the quarter ended          For the quarter ended
                         March 31, 2013                 March 31, 2012
                         As Reported       Margin       As Reported       Margin
Climate Solutions
Net revenues             $ 1,616.4                      $ 1,661.8
                                                                          
Segment operating        $ 81.2            5.0  %       $ 94.0            5.7  %
income
Restructuring             17.4           1.1  %        11.3           0.6  %
costs
Adjusted operating         98.6            6.1  %         105.3           6.3  %
income
Depreciation and          41.8           2.6  %        39.1           2.4  %
amortization
EBITDA                   $ 140.4          8.7  %       $ 144.4          8.7  %
                                                                          
Industrial
Technologies
Net revenues             $ 680.3                        $ 688.7
                                                                          
Segment operating        $ 102.1           15.0 %       $ 91.5            13.3 %
income
Restructuring             2.8            0.4  %        6.7            1.0  %
costs
Adjusted operating         104.9           15.4 %         98.2            14.3 %
income
Depreciation and          10.9           1.6  %        10.4           1.5  %
amortization
EBITDA                   $ 115.8          17.0 %       $ 108.6          15.8 %
                                                                          
Residential
Solutions
Net revenues             $ 464.0                        $ 421.7
                                                                          
Segment operating        $ 6.9             1.5  %       $ (10.7   )       (2.5 %)
income
Restructuring             -              0.0  %        0.5            0.1  %
costs
Adjusted operating         6.9             1.5  %         (10.2   )       (2.4 %)
income
Depreciation and          24.7           5.3  %        28.7           6.8  %
amortization
EBITDA                   $ 31.6           6.8  %       $ 18.5           4.4  %
                                                                          
Security
Technologies
Net revenues             $ 351.7                        $ 378.5
                                                                          
Segment operating        $ 58.8            16.7 %       $ 69.9            18.5 %
income
Restructuring             4.5            1.3  %        3.9            1.0  %
costs
Adjusted operating         63.3            18.0 %         73.8            19.5 %
income
Depreciation and          9.3            2.6  %        8.7            2.3  %
amortization
EBITDA                   $ 72.6           20.6 %       $ 82.5           21.8 %
                                                                          
Corporate
Unallocated              $ (55.5   )                    $ (33.0   )
corporate expense
Restructuring/spin        13.0                         1.2     
costs
Adjusted corporate         (42.5   )                      (31.8   )
expense
Depreciation and          8.0                          11.1    
amortization
EBITDA                   $ (34.5   )                    $ (20.7   )
                                                                          
Total Company
Net revenues             $ 3,112.4                      $ 3,150.7
                                                                          
Operating income         $ 193.5           6.2  %       $ 212.0           6.7  %
Restructuring/spin        37.7           1.2  %        23.3           0.8  %
costs
Adjusted operating         231.2           7.4  %         235.3           7.5  %
income
Depreciation and          94.7           3.1  %        98.0           3.1  %
amortization
EBITDA                   $ 325.9          10.5 %       $ 333.3          10.6 %
                                                                          

The Company reports its financial results in accordance with generally
accepted accounting principles in the United States (GAAP). This supplemental
schedule provides adjusted non-GAAP financial information and a quantitative
reconciliation of the difference between the non-GAAP financial measures and
the financial measures calculated and reported in accordance with GAAP.

The non-GAAP financial measures should be considered supplemental to, not a
substitute for or superior to, financial measures calculated in accordance
with GAAP. They have limitations in that they do not reflect all of the costs
associated with the operations of our businesses as determined in accordance
with GAAP. In addition, these measures may not be comparable to non-GAAP
financial measures reported by other companies.

We believe the non-GAAP financial information provides important supplemental
information to both management and investors regarding financial and business
trends used in assessing our financial condition and results of operations.

The non-GAAP financial measures of EBITDA and EBITDA margin assist investors
with analyzing our business segment results as well as with predicting future
performance. In addition, these non-GAAP financial measures are also reviewed
by management in order to evaluate the financial performance of each segment.
They are the basis for performance reviews, compensation and resource
allocation. We believe that the presentation of these non-GAAP financial
measures will permit investors to assess the performance of the Company on the
same basis as management.

As a result, one should not consider these measures in isolation or as a
substitute for our results reported under GAAP. We compensate for these
limitations by analyzing results on a GAAP basis as well as a non-GAAP basis,
prominently disclosing GAAP results and providing reconciliations from GAAP
results to non-GAAP results.



INGERSOLL-RAND PLC
Condensed Consolidated Balance Sheets
(In millions)
                                                           
UNAUDITED
                                                                  
                                                                  
                                                                  
                                                 March 31,        December 31,
                                                  2013             2012
ASSETS
Cash and cash equivalents                        $ 832.9          $  882.1
Accounts and notes receivable, net                 2,218.8           2,157.5
Inventories                                        1,466.3           1,308.8
Other current assets                              599.4            594.3
Total current assets                               5,117.4           4,942.7
Property, plant and equipment, net                 1,653.0           1,652.6
Goodwill                                           6,098.3           6,138.9
Intangible assets, net                             4,163.6           4,200.9
Other noncurrent assets                           1,561.0          1,557.8
Total assets                                     $ 18,593.3       $  18,492.9
                                                                  
LIABILITIES AND EQUITY
Accounts payable                                 $ 1,330.6        $  1,230.2
Accrued expenses and other current                 1,875.2           1,967.4
liabilities
Short-term borrowings and current                 965.1            963.7
maturities of long-term debt
Total current liabilities                          4,170.9           4,161.3
Long-term debt                                     2,271.1           2,269.3
Other noncurrent liabilities                       4,803.8           4,833.0
Equity                                            7,347.5          7,229.3
Total liabilities and equity                     $ 18,593.3       $  18,492.9
                                                                  


INGERSOLL-RAND PLC
Condensed Consolidated Statement of Cash Flow
(In millions)
                                                            
UNAUDITED
                                                                   
                                                  Three Months
                                                  Ended March 31,
                                                   2013           2012    
Operating Activities
Income from continuing operations                 $ 101.8          $ 104.4
Loss (Gain) on sale/asset impairment                -                (0.3    )
Depreciation and amortization                       94.7             98.0
Changes in assets and liabilities and other        (197.3 )        (119.9  )
non-cash items
Net cash from operating activities of               (0.8   )         82.2
continuing operations
Net cash from operating activities of              (7.2   )        (65.8   )
discontinued operations
Net cash from operating activities                  (8.0   )         16.4
                                                                   
Investing Activities
Capital expenditures                                (71.4  )         (52.9   )
Proceeds from business dispositions, net of         -                -
cash
Other investing activities, net                    4.2            3.2     
Net cash from investing activities of               (67.2  )         (49.7   )
continuing operations
Net cash from investing activities of              -              -       
discontinued operations
Net cash from investing activities                  (67.2  )         (49.7   )
                                                                   
Financing Activities
Net debt proceeds (repayments)                      2.7              (1.3    )
Dividends paid                                      (66.8  )         (51.1   )
Repurchase of ordinary shares                       -                -
Other financing activities, net                    90.7           10.5    
Net cash from financing activities of               26.6             (41.9   )
continuing operations
Net cash from financing activities of              -              -       
discontinued operations
Net cash from financing activities                  26.6             (41.9   )
                                                                   
Effect of exchange rate changes on cash and        (0.6   )        4.0     
cash equivalents
Net increase (decrease) in cash and cash            (49.2  )         (71.2   )
equivalents
Cash and cash equivalents - beginning of           882.1          1,160.7 
period
Cash and cash equivalents - end of period         $ 832.9         $ 1,089.5 
                                                                   

                       
INGERSOLL-RAND PLC
Balance Sheet Metrics and Available Cash Flow
($ in millions)
UNAUDITED
                                                     
                                                            
                           December 31,       March 31,
                           2012               2012          2013
                                                            
Net Receivables            $    2,158         $ 2,230       $    2,219
Days Sales                      56.7            64.6             65.1
Outstanding
                                                            
Net Inventory              $    1,309         $ 1,433       $    1,466
Inventory Turns                 7.4             6.3              6.0
                                                            
Accounts Payable           $    1,230         $ 1,344       $    1,331
Days Payable                    46.6            54.5             55.4
Outstanding
                                                            
                                                            
                                                            Three Months Ended
                                                            March 31, 2013
                                                            
Cash flow from
operating activities                                        $    (8.0     )
(a)
Capital expenditures                                             (71.4    )
(a)
                                                            
Available cash flow                                         $    (79.4    )
                                                            

      Includes both continuing and discontinued operations. Cash flow from
(a)  operating activities includes spending related to restructuring and spin
      costs.
      
      The Company reports its financial results in accordance with generally
      accepted accounting principles in the United States (GAAP). This
      supplemental schedule provides adjusted non-GAAP financial information
      and a quantitative reconciliation of the difference between the non-GAAP
      financial measure and the financial measure calculated and reported in
      accordance with GAAP.
      
      The non-GAAP financial measure should be considered supplemental to, not
      a substitute for or superior to, the financial measure calculated in
      accordance with GAAP. It has limitations in that it does not reflect all
      of the costs associated with the operations of our businesses as
      determined in accordance with GAAP. In addition, this measure may not be
      comparable to non-GAAP financial measures reported by other companies.
      
      We believe the non-GAAP financial information provides important
      supplemental information to both management and investors regarding
      financial and business trends used in assessing our financial condition
      and cash flow.
      
      The non-GAAP financial measure of available cash flow assists investors
      with analyzing our business results as well as with predicting future
      performance. In addition, this non-GAAP financial measure is reviewed by
      management in order to evaluate the financial performance of each
      segment as well as the Company as a whole. It is the basis for
      performance reviews, compensation and resource allocation. We believe
      that the presentation of this non-GAAP financial measure will permit
      investors to assess the performance of the Company on the same basis as
      management.
      
      As a result, one should not consider this measure in isolation or as a
      substitute for our results reported under GAAP. We compensate for these
      limitations by analyzing results on a GAAP basis as well as a non-GAAP
      basis, prominently disclosing GAAP results and providing reconciliations
      from GAAP results to non-GAAP results.
      

Contact:

Ingersoll-Rand
Media:
Misty Zelent, 704-655-5324
mzelent@irco.com
-or-
Investors and Financial Analysts:
Joe Fimbianti, 704-655-4721
joseph_fimbianti@irco.com
-or-
Janet Pfeffer, 704-655-5319
janet_pfeffer@irco.com
 
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