Ingersoll-Rand (IR) Misses Q2 EPS by 3c; Maintains FY15 Outlook
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Ingersoll Rand Reports Second-Quarter Adjusted Continuing EPS of $1.20, EPS from Continuing Operations of $0.31, Reaffirms Full-Year Adjusted EPS Outlook
July 28, 2015 7:00 AM EDTSecond-quarter adjusted earnings per share (EPS) excluding restructuring, a tax charge and acquisition-related inventory step-up costs was $1.20; reported EPS from continuing operations was $0.31 Revenues were $3.6 billion in the second quarter. Organic revenues (excluding acquisitions and currency) were up 3 percent compared with 2014 Adjusted operating margin of 13.0 percent excluding restructuring and acquisition-related inventory step-up costs; Q2 2015 reported operating margin of 12.6 percent Full-year 2015 adjusted EPS from continuing operations forecast, excluding restructuring and other one-time costs, unchanged at $3.66 to $3.81; GAAP EPS from continuing operations forecast of $2.59 to... More
