Exhibit  99.1
INGERSOLL-RAND COMPANY LIMITED
Consolidated Income Statement
First Quarter
(In millions, except per share amounts)
UNAUDITED
		Three Months
		Ended March 31,
		2004	2003
Revenues		$  2,292.0	$  2,119.6
Cost of goods sold		1,682.0	1,630.6
Selling & administrative expenses		373.1	329.1
Operating income		236.9	159.9
Interest expense		(40.9)	(50.0)
Other income/(expense)		(5.2)	(6.6)
Earnings before taxes		190.8	103.3
Provision for taxes		25.8	13.3
Earnings from continuing operations		165.0	90.0
Discontinued operations, net of tax		14.5	63.2
Net earnings		$     179.5	$     153.2
Basic earnings per share
	- Continuing operations	$       0.95	$       0.53
	- Discontinued operations	0.08	0.38
		$       1.03	$       0.91
Diluted earnings per share
	- Continuing operations	$       0.94	$       0.53
	- Discontinued operations	0.08	0.37
		$       1.02	$       0.90
Average number of common
	shares outstanding:
	Basic	174.2	169.3
	Diluted	176.6	170.0
SEE ATTACHED RELEASE FOR ADDITIONAL INFORMATION