Augusta Economy

More News | Fort Gordon | Plant Vogtle | Savannah River Site | Editor

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

  • Follow Local Business

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.


Top headlines

Paine plans furloughs, salary cuts, layoffs

Paine College President George C. Bradley on Friday announced the college will implement furlough days, salary reductions and layoffs to save $2.4 million over the next fiscal year.
Search Augusta jobs