Ingersoll Rand Reports Strong Second-Quarter 2019 Results, Raises Full Year 2019 Adjusted EPS Guidance
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Ingersoll-Rand (IR) Tops Q2 EPS by 4c, Revenues Miss; Raises FY19 EPS Guidance Above Consensus
July 30, 2019 6:37 AM EDTIngersoll-Rand (NYSE: IR) reported Q2 EPS of $2.09, $0.04 better than the analyst estimate of $2.05. Revenue for the quarter came in at $4.53 billion versus the consensus estimate of $4.58 billion.
Continuing EPS of $1.88, up 3 percent; adjusted continuing EPS* of $2.09, up 13 percentStrong HVAC and Industrial bookings growthReported and organic revenues* up 4 percent led by the Climate segmentOperating margin down 30 bps; adjusted operating... More