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Ingersoll Rand Q3 Adjusted Earnings, Revenue Rise; Full Year Guidance Revised
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Ingersoll Rand Q3 Adjusted Earnings, Revenue Rise; Full Year Guidance Revised
Nov 4, 2024 11:45 AM

04:50 PM EDT, 10/31/2024 (MT Newswires) -- Ingersoll Rand ( IR ) reported Q3 adjusted diluted earnings late Thursday of $0.84 per share, up from $0.77 a year earlier.

Analysts polled by Capital IQ expected $0.81.

Revenue for the quarter ended Sept. 30 was $1.86 billion, up from $1.74 billion a year ago.

Analysts surveyed by Capital IQ expected $1.87 billion.

The company narrowed its full-year adjusted EPS guidance to $3.28 to $3.34 from $3.27 to $3.37 previously.

Analysts polled by Capital IQ expect $3.32.

Ingersoll Rand ( IR ) said it also now expects total revenue growth of 5% to 7% for the year as opposed to 6% to 8% previously. Analysts surveyed by Capital IQ expect revenue of $7.33 billion.

Shares of Ingersoll Rand ( IR ) fell nearly 2% in after-hours trading.

Price: 99.03, Change: -1.64, Percent Change: -1.63

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