Ingersoll-Rand (IR) Tops Q3 EPS by 12c; Raises Outlook
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Ingersoll Rand Reports Record Third-Quarter Results Continuing EPS of $1.39; Adjusted Continuing EPS* of $1.41
October 26, 2016 6:30 AM EDTHighlights (versus Q3 2015 unless otherwise noted):
Company-wide operational execution delivers adjusted continuing EPS up 17 Percent Strong cash conversion with year-to-date cash flow from operating activities of $1.1 billion; announced a 25 percent increase in annualized dividend in October Q3 operating margins of 14.1 percent up 0.50 percentage points Revenues up 2 percent; organic revenues* up 3 percent Company increases guidance range for full-year 2016 EPS from continuing operations to $5.62 to $5.67 and adjusted EPS to $4.17 to $4.22*This news release... More
