Ingersoll-Rand (IR) Tops Q3 EPS by 9c

Ingersoll-Rand (NYSE: IR) reported Q3 EPS of $0.57, $0.09 better than the analyst estimate of $0.48. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.28 billion.

2021 Guidance:

Raising full-year 2021 revenue growth expectation (excluding the HPS and SVT businesses and the pending acquisition of Tuthill Pumps and including the completed acquisitions of Seepex, Maximus Solutions, Air Dimensions and Lawrence Factor) to high teens, and raising Adjusted EBITDA guidance to $1.175 billion to $1.195 billion, or up approximately $20 million from the Q2 2021 guidance midpoint

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

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