Ingersoll-Rand (IR) Tops Q1 EPS by 4c; Raises Low End of EPS Guidance

Ingersoll-Rand (NYSE: IR) reported Q1 EPS of $0.57, $0.04 better than the analyst estimate of $0.53. Revenue for the quarter came in at $3 billion versus the consensus estimate of $2.94 billion.

• Q1 continuing EPS of $0.47; adjusted continuing EPS* of $0.57, up 14 percent
• Ongoing strength in Climate and continued solid improvement in Industrial
• Strong Q1 bookings up 6 percent; organic bookings* up 7 percent
• Revenues up 4 percent
• Reported operating margin down 60 bps due to planned restructuring costs; adjusted operating margin* up 20 basis points
• Company increases low end of full-year continuing EPS guidance by $0.05 to $4.20 to $4.35, adjusted continuing EPS to $4.35 to $4.50

GUIDANCE:

Ingersoll-Rand sees FY2017 EPS of $4.35-$4.50, versus the consensus of $4.48.

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

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