{"id":5667,"date":"2018-02-05T21:19:43","date_gmt":"2018-02-05T21:19:43","guid":{"rendered":"https:\/\/smallvehicleresource.com\/blog\/?p=5667"},"modified":"2018-02-05T21:19:43","modified_gmt":"2018-02-05T21:19:43","slug":"ingersoll-rand-q4-2017-earnings","status":"publish","type":"post","link":"https:\/\/smallvehicleresource.com\/blog\/2018\/02\/05\/ingersoll-rand-q4-2017-earnings\/","title":{"rendered":"Ingersoll-Rand Q4 2017 Earnings"},"content":{"rendered":"<div id=\"attachment_5644\" style=\"width: 310px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-5644\" class=\"size-medium wp-image-5644\" src=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/01\/Club-Car-Tempo-4Fun-300x200.jpg\" alt=\"Club Car Tempo 4Fun\" width=\"300\" height=\"200\" srcset=\"https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/01\/Club-Car-Tempo-4Fun-300x200.jpg 300w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/01\/Club-Car-Tempo-4Fun-768x512.jpg 768w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/01\/Club-Car-Tempo-4Fun-450x300.jpg 450w, https:\/\/smallvehicleresource.com\/blog\/wp-content\/uploads\/2018\/01\/Club-Car-Tempo-4Fun.jpg 800w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-5644\" class=\"wp-caption-text\">The four-person Club Car Tempo 4Fun fills out the new fleet line, which Ingersoll-Rand expects to help maintain momentum in their Small Electric Vehicle business.<\/p><\/div>\n<p>Ingersoll-Rand, which makes a range of commercial and industrial products including Club Car golf cars and utility vehicles, recently reported Q4 2017 financial results. For the quarter net revenues increased 8% to $3.6 billion from $3.4 billion and for the year they increased 5% to $14.2 billion from $13.5 billion. Club Car revenues account for only a small portion of the overall revenues. The Industrial segment, which includes Club Car, reported Q4 net revenues of $858 million, a 7% increase from $800 million in Q4 of the previous year.<\/p>\n<p>The following are some of the highlights from the earnings call related to small, task-oriented vehicles.<\/p>\n<ul>\n<li>The Small Electric Vehicle portion of the Industrial segment grew low teens percent on strength in both vehicle and aftermarket sales, particularly in North America<\/li>\n<li>The Club Car Tempo Connect golf car was just <a href=\"https:\/\/smallvehicleresource.com\/blog\/2018\/01\/29\/club-car-launches-tempo-fleet-golf-car\/\" target=\"_blank\" rel=\"noopener\">launched<\/a> at the recent PGA Show.<\/li>\n<\/ul>\n<p>Guidance for 2018<\/p>\n<ul>\n<li>Industrial segment revenue overall is expected to increase 5.5% to 6.0%<\/li>\n<li>Golf\/Utility\/Consumer end markets are expected to increase mid-single digits<\/li>\n<li>Golf utility vehicles and consumer vehicles combined are generally expected to be flat to slightly up across the globe.<\/li>\n<li>Consumer vehicle continues to grow at a nice clip.<\/li>\n<li>Utility vehicles are also expected to have good growth in 2018.<\/li>\n<li>The golf market is expected to remain roughly flat<\/li>\n<\/ul>\n<p><a href=\"https:\/\/seekingalpha.com\/article\/4141862-ingersoll-rands-ir-ceo-mike-lamach-q4-2017-results-earnings-call-transcript?part=single\" target=\"_blank\" rel=\"nofollow noopener\">Learn more:?? Seekingalpha.com <\/a>(Earnings Call Transcript)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ingersoll-Rand, which makes a range of commercial and industrial products including Club Car golf cars and utility vehicles, recently reported Q4 2017 financial results. For the quarter net revenues increased 8% to $3.6 billion from $3.4 billion and for the &hellip; <a href=\"https:\/\/smallvehicleresource.com\/blog\/2018\/02\/05\/ingersoll-rand-q4-2017-earnings\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[273,388,655,2579,2576],"class_list":["post-5667","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-club-car","tag-earnings-call","tag-ingersoll-rand","tag-q4-2017","tag-tempo-connect"],"_links":{"self":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/5667"}],"collection":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/comments?post=5667"}],"version-history":[{"count":2,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/5667\/revisions"}],"predecessor-version":[{"id":5670,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/posts\/5667\/revisions\/5670"}],"wp:attachment":[{"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/media?parent=5667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/categories?post=5667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallvehicleresource.com\/blog\/wp-json\/wp\/v2\/tags?post=5667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}