Ingersoll-Rand (IR) Tops Q1 EPS by 4c; Raises Low End of EPS Guidance
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Ingersoll Rand Reports Strong First-Quarter 2017 Results
April 26, 2017 6:30 AM EDTHighlights (versus prior year, unless otherwise noted):
Q1 continuing EPS of $0.47; adjusted continuing EPS* of $0.57, up 14 percent Ongoing strength in Climate and continued solid improvement in Industrial Strong Q1 bookings up 6 percent; organic bookings* up 7 percent Revenues up 4 percent Reported operating margin down 60 bps due to planned restructuring costs; adjusted operating margin* up 20 basis points Company increases low end of full-year continuing EPS guidance by $0.05 to $4.20 to $4.35, adjusted... More