Ingersoll-Rand (IR) Tops Q1 EPS by 6c; Issues Mixed Outlook
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Ingersoll Rand Reports First-Quarter Adjusted Continuing EPS of $0.38, EPS from Continuing Operations of $0.22, Reaffirms Full-Year EPS Outlook
April 23, 2015 7:00 AM EDTFirst-quarter continuing earnings per share (EPS) of $0.22; adjusted EPS excluding restructuring, a charge for currency devaluation in Venezuela and acquisition-related inventory step-up costs was $0.38, up 31 percent compared with 2014 Revenues were $2.9 billion in the first quarter. Organic revenues (excluding acquisitions and currency) were up 8 percent compared with 2014 Q1 2015 operating margin of 5.9 percent, adjusted operating margin of 6.4 percent excluding restructuring and acquisition related inventory step-up costs Full-year 2015 EPS from continuing operations forecast $3.42 to $3.60 and $3.66 to $3.81, excluding restructuring and other one-time costs
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