Ingersoll-Rand (IR) Tops Q1 EPS by 10c

Ingersoll-Rand (NYSE: IR) reported Q1 EPS of $0.45, $0.10 better than the analyst estimate of $0.35. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.31 billion.

2021 Revised Guidance, excluding Specialty Vehicle Technologies Segment:

Raising full-year 2021 revenue growth expectation, excluding SVT, to low double digits (up approximately 200 bps of organic growth from initial guidance) and raising adjusted EBITDA guidance, excluding SVT, to $1.12 billion to $1.15 billion (up approximately $45 million from initial guidance midpoint)

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

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