Ingersoll-Rand (IR) Tops Q1 EPS by 13c; Raises Guidance

Ingersoll-Rand (NYSE: IR) reported Q1 EPS of $0.65, $0.13 better than the analyst estimate of $0.52. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.48 billion.

GUIDANCE:

Ingersoll-Rand sees FY2023 EPS of $2.64-$2.74, versus the consensus of $2.55.

Raising full-year 2023 organic revenue growth1 range expectation by 300 bps to 6% to 8%, and raising total revenue growth to a range of 10% to 12%
Raising Adjusted EBITDA1 guidance to a range of $1,660 to $1,710 million, up 16% to 19% over prior year

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

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