Ingersoll-Rand (IR) Tops Q2 EPS by 3c, Raises FY EPS Guidance

Ingersoll-Rand (NYSE: IR) reported Q2 EPS of $1.49, $0.03 better than the analyst estimate of $1.46. Revenue for the quarter came in at $3.91 billion versus the consensus estimate of $3.78 billion.

GUIDANCE:

Ingersoll-Rand sees FY2017 EPS of $4.50.

Company Raises Full-Year 2017 Revenue, EPS and Cash Flow Guidance

• Revenues up ~4.5 percent; organic revenues up ~4.5 percent compared with 2016.
• Continuing EPS of ~$4.22, including EPS of $(0.15) for restructuring and EPS of $(0.13) for the discrete non-cash tax item in Q2; adjusted continuing EPS of ~$4.50.
• Average diluted shares of approximately 259 million including the $667 million year-to-date share repurchase.
• Cash flow from operating activities ~$1.5 billion. Free cash flow ~$1.2 billion.

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

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