Ingersoll-Rand (IR) Tops Q3 EPS by 12c; Raises Outlook

Ingersoll-Rand (NYSE: IR) reported Q3 EPS of $1.41, $0.12 better than the analyst estimate of $1.29. Revenue for the quarter came in at $3.57 billion versus the consensus estimate of $3.56 billion.

GUIDANCE:

Ingersoll-Rand sees FY2016 adj-EPS of $4.17-$4.22, versus the consensus of $4.09.

“Our third-quarter results demonstrate our consistently strong operating performance with top- quartile organic growth, EPS growth and cash flow as a percentage of net income relative to our multi-industry peer group, driving long-term value for our shareholders,” said Michael W. Lamach, chairman and chief executive officer. “The business operating system that underpins our execution drives innovation, productivity, energy efficiency and sustainability while supporting world-class employee engagement, all of which builds a continuing culture of winning the right way.”

For earnings history and earnings-related data on Ingersoll-Rand (IR) click here.

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