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Ingersoll Rand Q2 Earnings, Revenue Rise; Full-Year Guidance Raised
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Ingersoll Rand Q2 Earnings, Revenue Rise; Full-Year Guidance Raised
Jul 31, 2024 2:21 PM

05:11 PM EDT, 07/31/2024 (MT Newswires) -- Ingersoll Rand ( IR ) reported Q2 adjusted diluted earnings Wednesday of $0.83 per share, up from $0.68 a year earlier.

Analysts polled by Capital IQ expected $0.78.

Revenue for the quarter ended June 30 was $1.81 billion, up from $1.69 billion a year ago.

Analysts polled by Capital IQ expected $1.80 billion.

The company raised its full-year adjusted EPS guidance to $3.27 to $3.37 from $3.20 to $3.30 previously.

Analysts polled by Capital IQ expect $3.30.

Ingersoll Rand ( IR ) said it also now expects total revenue growth of 6% to 8% for the year as opposed to 4% to 6% previously.

Price: 98.88, Change: -1.52, Percent Change: -1.51

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