Ingersoll-Rand (IR) Tops Q3 EPS by 2c; Raises Guidance

Ingersoll-Rand (NYSE: IR) reported Q3 EPS of $0.62, $0.02 better than the analyst estimate of $0.60. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.45 billion.

GUIDANCE:

• Raising full-year 2022 organic revenue growth range expectation by 100 bps to 12% to 14%, and re-affirming total revenue growth of 11% to 13%
• Raising Adjusted EBITDA1 guidance to a range of $1,400 to $1,425 million despite an incremental ~$20 million of expected FX headwinds vs prior guidance

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

You May Also Be Interested In

• Concentrix Corporation (CNXC) Misses Q2 EPS by 1c; Guides lower than expectations
• Zhen Ding Technology Holding Limited (4958:TT) (HASGF) PT Raised to NT$720 at Nomura/Instinet
• Insurance sector reversal may favor Allstate and Progressive