Ingersoll-Rand (IR) Misses Q4 EPS by 2c

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Ingersoll Rand Reports Fourth-Quarter and Annual 2019 Results

January 29, 2020 6:30 AM EST

Highlights (fourth quarter 2019 versus fourth quarter 2018, unless otherwise noted):

Reported revenues up 7 percent; organic revenues* up 5 percent led by the Climate segment Exceptional cash conversion for full-year 2019; cash flow from continuing operating activities of $2 billion; free cash flow* of $1.8 billion, 118 percent of adjusted net earnings* Fiscal 2019 capital deployment of $510 million in dividends, $1.5 billion in acquisitions and $750 million in share repurchases GAAP full-year continuing EPS of $5.61; adjusted continuing EPS* of $6.37, up 14 percent Reverse Morris Trust transaction with GDI on track for early... More