Ingersoll-Rand (IR) Misses Q2 EPS by 3c; Maintains FY15 Outlook

Ingersoll-Rand (NYSE: IR) reported Q2 EPS of $1.20, $0.03 worse than the analyst estimate of $1.23. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.69 billion.

Ingersoll-Rand maintains FY2015 EPS of $3.66-$3.81, versus the consensus of $3.79.

“We saw relative strength across our Climate Segment, while markets in our Industrial Segment were softer than expected. We saw signs of stabilization in recent weeks and are increasing productivity in the businesses where we see continued market weakness,” said Michael W. Lamach, chairman and chief executive officer. “Despite declining industrial markets in the quarter and economic pressure in Asia and Latin America, we continued to grow revenue and delivered EPS at the midpoint of our guidance. We remain committed to the strategy that we’ve executed consistently over the past five years, which will continue to deliver long-term shareholder value and benefit to our customers and employees around the world.”

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

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