Ingersoll-Rand (IR) Tops Q2 EPS by 4c

Ingersoll-Rand (NYSE: IR) reported Q2 EPS of $0.46, $0.04 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.21 billion.

2021 Revised Guidance:

• Raising full-year 2021 revenue growth expectation (excluding the HPS and SVT businesses and pending acquisitions of Seepex and Maximus Solutions) to mid teens, or up approximately 250 to 300 bps of organic growth from Q1 2021 guidance, and raising Adjusted EBITDA guidance to $1.15 billion to $1.18 billion, or up approximately $30 million from the Q1 2021 guidance midpoint

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

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