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.