Ingersoll Rand Reports Strong Third-Quarter 2019 Results
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Ingersoll-Rand (IR) Tops Q3 EPS by 8c, Revenues Beat
October 29, 2019 6:35 AM EDTIngersoll-Rand (NYSE: IR) reported Q3 EPS of $1.99, $0.08 better than the analyst estimate of $1.91. Revenue for the quarter came in at $4.34 billion versus the consensus estimate of $4.29 billion.
Highlights (third quarter 2019 versus third quarter 2018, unless otherwise noted):
GAAP continuing EPS of $1.78, down 16 percent; adjusted continuing EPS* of $1.99, up 14 percentReported revenues up 8 percent and organic revenues* up 6 percent led by the Climate segmentReported bookings up 3 percent and organic bookings* up 1 percent led by strong HVAC bookingsGAAP operating margin... More