Ingersoll-Rand plc announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net revenues were $3,618.1 million against $3,358.8 million a year ago. Operating income was $386.7 million against $352.8 million a year ago. Earnings before income taxes were $325 million against $268.1 million a year ago. Earnings from continuing operations were $488 million against $204.2 million a year ago. Net earnings were $457.2 million against $202.8 million a year ago. Net earnings attributable to Ingersoll-Rand Plc were $459.9 million against $198.8 million a year ago. Amounts attributable to Ingersoll-Rand Plc - continuing operations were $490.7 million against $200.2 million a year ago. Diluted earnings per share attributable to Ingersoll-Rand Plc ordinary shareholders - continuing operations were $1.93 against $0.76 a year ago. Diluted earnings per share attributable to Ingersoll-Rand Plc ordinary shareholders were $1.81 against $0.75 a year ago. Adjusted earnings from continuing operations before income taxes were $338.6 million against $299.2 million a year ago. Adjusted earnings from continuing operations attributable to Ingersoll-Rand Plc were $259.1 million against $220.6 million a year ago. Adjusted diluted earnings per common share continuing operations were $1.02 against $0.84 a year ago. Cash flow from operating activities was $650 million.

For the full year, the company reported net revenues were $14,197.6 million against $13,508.9 million a year ago. Operating income was $1,665.3 million against $1,603.2 million a year ago. Earnings before income taxes were $1,417.9 million against $1,741.3 million a year ago. Earnings from continuing operations were $1,337.7 million against $1,459.8 million a year ago. Net earnings were $1,312.3 million against $1,492.7 million a year ago. Net earnings attributable to Ingersoll-Rand Plc were $1,302.6 million against $1,476.2 million a year ago. Amounts attributable to Ingersoll-Rand Plc - continuing operations were $1,328 million against $1,443.3 million a year ago. Diluted earnings per share attributable to Ingersoll-Rand Plc ordinary shareholders - continuing operations were $5.14 against $5.52 a year ago. Diluted earnings per share attributable to Ingersoll-Rand Plc ordinary shareholders were $5.05 against $5.65 a year ago. Adjusted earnings from continuing operations before income taxes were $1,479.6 million against $1,395.4 million a year ago. Adjusted earnings from continuing operations attributable to Ingersoll-Rand Plc were $1,162.8 million against $1,080.4 million a year ago. Adjusted diluted earnings per common share continuing operations were $4.51 against $4.13 a year ago. Net cash provided by operating activities was $1,523.5 million against $1,521.9 million a year ago. Capital expenditures was $221.3 million against $182.7 million a year ago.

For the year ending December 31, 2018, the company expects revenues up 5% to 5.5%; organic revenues up 3% to 3.5% compared with 2017. Continuing EPS of $4.80 to $5.00, including EPS of $0.20 for restructuring; adjusted EPS from continuing operations of $5.00 to $5.20. GAAP effective tax rate of approximately 21% to 22%. Cash flow from operating activities of $1.45 billion to $1.55 billion. Free cash flow between $1.2 billion to $1.3 billion. The company expects free cash flow to be equal to or greater than net income for 2018. The company expects to continue to employ a balanced capital deployment strategy by reinvesting in the business, paying a strong dividend that grows at or above the rate of EPS growth, repurchasing shares and making strategic business acquisitions. Capital expenditures to be $300.0 million.