Ingersoll-Rand (IR) Tops Q1 EPS by 9c; offers guidance

Ingersoll-Rand (NYSE: IR) reported Q1 EPS of $0.78, $0.09 better than the analyst estimate of $0.69. Revenue for the quarter came in at $1.67 billion versus the consensus estimate of $1.7 billion.

GUIDANCE:

Ingersoll-Rand sees FY2024 EPS of $3.20-$3.30, versus the consensus of $3.21.

Maintaining organic revenue growth guidance range of 2% to 4% for the full year
Raising Adjusted EBITDA1 guidance to a range of $1,940 to $2,000 million, up 9% to 12% over prior year

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

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