Ingersoll-Rand (IR) Tops Q1 EPS by 4c; Raises Outlook

Ingersoll-Rand (NYSE: IR) reported Q1 EPS of $0.49, $0.04 better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.29 billion.

GUIDANCE:

Raising full-year 2022 organic revenue growth expectation by 100 bps to 8% to 10%, affirming total revenue growth of 11% to 13% and raising Adjusted EBITDA1 range to $1,385 to $1,425 million, up 16% to 20% over the prior year

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

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