EXHIBIT 99.1
INGERSOLL-RAND COMPANY, LIMITED
Business Review
Fourth Quarter and Twelve Months
(In millions, except percentages)
UNAUDITED
		Three Months		Twelve Months
		Ended December 31,		Ended December 31,
		2004	2003	2004	2003
Climate Control
Revenues		$    734.5	$    752.0	$  2,793.7	$  2,648.9
Operating income		80.9	71.7	309.1	219.1
	and as a % of revenues	11.0%	9.5%	11.1%	8.3%
Industrial Solutions
Revenues		422.8	361.2	1,552.8	1,363.6
Operating income		57.0	38.1	180.5	104.0
	and as a % of revenues	13.5%	10.6%	11.6%	7.6%
Infrastructure
Revenues		844.1	702.0	3,268.8	2,631.8
Operating income		110.5	75.2	437.2	292.9
	and as a % of revenues	13.1%	10.7%	13.4%	11.1%
Security & Safety
Revenues		457.6	431.8	1,778.3	1,605.0
Operating income		93.7	89.8	304.8	316.5
	and as a % of revenues	20.5%	20.8%	17.1%	19.7%
Total
Revenues		$ 2,459.0	$ 2,247.0	$  9,393.6	$  8,249.3
Operating income		342.1	274.8	1,231.6	932.5
	and as a % of revenues	13.9%	12.2%	13.1%	11.3%
Unallocated corporate expense		(44.2)	(48.2)	(111.3)	(144.9)
Consolidated operating income		$    297.9	$    226.6	$  1,120.3	$     787.6
	and as a % of revenues	12.1%	10.1%	11.9%	9.5%
SEE ATTACHED RELEASE FOR ADDITIONAL INFORMATION