Ingersoll-Rand (IR) PT Raised to $68 at Goldman Sachs

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Go back to Ingersoll-Rand (IR) PT Raised to $68 at Goldman Sachs

Ingersoll Rand Reports Third-Quarter 2021 Results

November 3, 2021 4:30 PM EDT

Strong Double-Digit Orders and Revenue Growth; Raising 2021 Guidance

Third-Quarter 2021 Highlights

(All comparisons against the third-quarter of 2020 unless otherwise noted.)

Strong performance driven by its competitive differentiator - Ingersoll Rand Execution Excellence (IRX):

Record orders of $1,498 million, up 37% (30% organically) Record revenues of $1,325 million, up 19% (13% organically) Reported net income attributable to Ingersoll Rand of $126 million, or earnings of $0.30 per share, up 327% from prior year net income attributable to Ingersoll Rand of $30 million

Adjusted net income from continuing operations, net of tax1 of $239 million,... More