Ingersoll-Rand (IR) Tops Q2 EPS by 8c; Bumps Outlook

Ingersoll-Rand (NYSE: IR) reported Q2 EPS of $1.38, $0.08 better than the analyst estimate of $1.30. Revenue for the quarter came in at $3.69 billion versus the consensus estimate of $3.7 billion.

“Ingersoll Rand delivered another strong quarter with top-quartile EPS growth, continued expansion of our enterprise operating margins and excellent free cash flow,” said Michael W. Lamach, chairman and chief executive officer. “We continue to invest in strategic growth programs that deliver long-term performance. Our performance in the quarter underscores the strength and diversity of our portfolio and the quality of execution by the Ingersoll Rand team.”

GUIDANCE:

Ingersoll-Rand sees FY2016 EPS of $4.00-$4.10, versus prior guidance of $3.95-$4.10 and the consensus of $4.09.

For earnings history and earnings-related data on Ingersoll-Rand (IR) click here.

You May Also Be Interested In

• Primoris cuts 2026 outlook on renewables cost overruns, COO exits
• Wintermar acquires full control of Fast Offshore Supply, adding 5 new CTVs
• AeroVironment restates quarterly financials, citing $89M goodwill error