| Trane Reports 2007 Record Results, Provides 2008 Outlook
PISCATAWAY, N.J., Jan. 29 /PRNewswire-FirstCall/ -- Trane Inc. (NYSE: TT) today announced fourth-quarter income from continuing operations (Trane Air Conditioning Systems and Services) of 32 cents per diluted share, down from 36 cents a year ago. Fourth-quarter 2006 results included a benefit of 10 cents related primarily to the sale of some operations in Australia and tax items. Adjusted income from continuing operations was 33 cents per diluted share, up 27 percent from 26 cents a year ago. Adjusted income excluded various costs and benefits that are detailed in the financial charts that follow this text. Sales from continuing operations were $1.82 billion, up 14.2 percent (up 11.9 percent in local currencies). Both the company's former Vehicle Control Systems (WABCO) and Bath and Kitchen segments are classified as discontinued operations.
Bradley County Churches Get Extra Protection Due To Thefts
Sheriff Tim Gobble has placed rural Bradley County churches on "extra patrol" after recent thefts of outside heating/air conditioning units in the area.
The order means patrol deputies will make regular checks of those located in the patrol zone they are covering.
In recent weeks there have been thefts from at least six churches in Bradley and surrounding counties. Inside the units the thieves are able to extract copper tubing they can sell as scrap metal. Each theft brings a loss of at least $1,000, and in some cases the value of the unit is in the thousands of dollars.
Sheriff Gobble is asking the public to be on the lookout for suspicious activity and to not hesitate to call 9-1-1 if you see something out of the ordinary, especially on days and at times when services are not held.
Voltas chases the overseas chill
Mumbai, Feb 5: Voltas Ltd, the Mumbai-based Rs 3,000-crore air-conditioning and engineering services company, is likely to bag a large overseas order that could be worth Rs 600-800 crore. The order from West Asia would be in the electro-mechanical segment and come before the end of the current fiscal, a source close to the development said. It is also learnt that the Tata group company is readying itself for bigger bets into special economic zone space for long-term contracts. M M Miyajiwala, executive vice president-finance, Voltas, said, "Bidding and bagging orders is a continuous process for us and I don't want comment anything on fresh orders at this stage." He said that Voltas order book size has swelled to Rs3,500 crore, of which Rs2,700 crore are from overseas and Rs 800 crore from the domestic market.
Trane Directors Declare Quarterly Dividend of 16 Cents Per Share of ...
PISCATAWAY, N.J., Feb. 7 /PRNewswire-FirstCall/ -- The board of directors of Trane Inc. (NYSE: TT) today declared a quarterly dividend of 16 cents per share of common stock. The dividend is payable on March 20, 2008, to shareholders of record on March 3, 2008. On Dec. 17, 2007, Trane announced that it had entered into an agreement to be acquired by Ingersoll-Rand Company Limited (NYSE: IR) . The agreement is expected to be finalized in the second quarter of 2008. About Trane Trane Inc. provides heating, ventilation and air conditioning (HVAC) systems and services that enhance the quality and comfort of the air in homes and buildings around the world. The company offers customers a broad range of energy-efficient HVAC systems; dehumidifying and air cleaning products; service and parts support; advanced building controls; and financing solutions.
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