Exhibit 99.1
INGERSOLL-RAND COMPANY LIMITED
Consolidated Income Statement
Second Quarter and Six Months
(In millions except per share amounts)
UNAUDITED
		Three Months		Six Months
		Ended June 30,		Ended June 30,
		2003	2002	2003	2002
Revenues		$  2,525.1	$  2,266.4	$  4,723.8	$  4,283.4
Cost of goods sold		1,907.6	1,730.0	3,597.1	3,260.0
Selling & administrative expenses		398.0	353.9	741.8	679.8
Restructuring charges		-	7.0	-	17.2
Operating income		219.5	175.5	384.9	326.4
Interest expense		(44.0)	(59.1)	(94.1)	(118.3)
Other income/(expense)		2.6	(10.9)	(4.0)	(20.8)
Earnings before taxes		178.1	105.5	286.8	187.3
Provision for taxes		25.0	14.4	40.2	25.7
Earnings from continuing operations		153.1	91.1	246.6	161.6
Discontinued operations, net of tax		(13.8)	16.3	45.9	26.7
Earnings before cumulative effect
	of change in accounting principle	139.3	107.4	292.5	188.3
Cumulative effect of change in
	accounting principle, net of tax	-	-	-	(634.5)
Net earnings/(loss)		$     139.3	$     107.4	$     292.5	$    (446.2)
Basic earnings per share
	- Continuing operations	$       0.90	$       0.54	$       1.46	$       0.96
	- Discontinued operations	(0.08)	0.10	0.27	0.16
	- Change in accounting principle	-	-	-	(3.76)
		$       0.82	$       0.64	$       1.73	$      (2.64)
Diluted earnings per share
	- Continuing operations	$       0.89	$       0.53	$       1.45	$       0.95
	- Discontinued operations	(0.08)	0.10	0.27	0.15
	- Change in accounting principle	-	-	-	(3.72)
		$       0.81	$       0.63	$       1.72	$      (2.62)
Average number of common
	shares outstanding:
	Basic	169.5	169.0	169.4	168.7
SEE ATTACHED RELEASE FOR ADDITIONAL INFORMATION