Ingersoll-Rand (IR) PT, Estimates Raised at Jefferies
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Ingersoll Rand Reports First-Quarter Continuing EPS of $0.48; Strong Operating Performance Delivers Adjusted Continuing EPS up 32 Percent to $0.50
April 26, 2016 6:30 AM EDTMomentum in North American Climate segment leads performance
Bookings growth of 4 percent on an organic basis Revenues of $2.9 billion, up slightly as reported and 2 percent on an organic basis Operating margin improvement of 1.6 percentage points Adjusted free cash flow improved $135 million year-over-year Company increases guidance for full-year 2016 adjusted EPS from continuing operations to $3.95 to $4.10 compared to a prior guidance of $3.80 to $4.00; reported EPS to $5.39 to $5.54 including the gain on the Hussmann sale... More