Ingersoll Rand Reports First-Quarter 2020 Results

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Go back to Ingersoll Rand Reports First-Quarter 2020 Results

Ingersoll-Rand (IR) Misses Q1 EPS by 40c, Revenues Miss

May 12, 2020 6:32 AM EDT

Ingersoll-Rand (NYSE: IR) reported Q1 EPS of ($0.13), $0.40 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $800 million versus the consensus estimate of $1.24 billion.

Reported revenues of $800 million, up 29%, due primarily to the Transaction

Supplemental adjusted revenues of $1.3 billion, down 14% excluding impact of foreign exchange (FX)Reported net loss of $37 million, or a loss of $0.13 per share, including $197 million of pre-tax amortization, restructuring and related business transformation costs, acquisition-related expenses and other adjustments; reported Adjusted Net Income of $75... More