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Earnings decline, revenue rises for Club Car’s parent company

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The firm that owns Evans-based Club Car posted lower earnings at the end of 2013, it reported Tuesday.

Ingersoll-Rand posted net income of $77.7 million, or 26 cents a share, for the fourth quarter, down from $162.1 million, or 53 cents a share, a year earlier.

Revenue, however, rose 6 percent, to $3.09 billion.

For the industrial segment, which includes Club Car, the company said quarterly revenue was $771 million, 1 percent higher than a year ago.

“Club Car revenues increased a low-single-digit percentage compared with the fourth quarter of 2012, with gains in both golf car and utility vehicle sales,” the company wrote.

Ingersoll-Rand, based in Ireland, also makes Trane air conditioners and Thermo King mobile refrigeration units.


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