Ingersoll-Rand reported strong third quarter results today, with earnings and sales surpassing estimates.

The company’s adjusted earnings for this quarter were $1.99 per share, beating Bloomberg’s consensus estimate of $1.91 per share.

The company reported net revenues of $4.34 billion, which surpassed estimates of $4.30 billion. The climate segment generated approximately 80 percent of net revenues.

“We continue to deliver robust Climate segment growth with strong HVAC performance across virtually all of our end-markets globally, and our 2019 results are eclipsing the aggressive goals we set when we gave guidance at the beginning of the year,” stated Michael Lamach, chairman and chief executive officer of Ingersoll-Rand.

Ingersoll-Rand manufactures industrial equipment, such as central heaters, air conditioners, and electric vehicles. The company’s North American headquarters are located in Davidson.

Shares of the company were trading at $127.87, up $4.72 per share in afternoon trading.

The filing can be found here.