Ingersoll Rand Reports Fourth-Quarter and Annual 2019 Results
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Ingersoll-Rand (IR) Misses Q4 EPS by 2c
January 29, 2020 6:33 AM ESTIngersoll-Rand (NYSE: IR) reported Q4 EPS of $1.40, $0.02 worse than the analyst estimate of $1.42. Revenue for the quarter came in at $4.15 billion versus the consensus estimate of $4.16 billion.
Highlights (fourth quarter 2019 versus fourth quarter 2018, unless otherwise noted):
Reported revenues up 7 percent; organic revenues* up 5 percent led by the Climate segmentExceptional cash conversion for full-year 2019; cash flow from continuing operating activities of $2 billion; free cash flow* of $1.8 billion, 118 percent of adjusted net earnings*Fiscal 2019 capital deployment of $510 million in dividends, $1.5 billion in acquisitions and $750 million in share repurchasesGAAP full-year continuing EPS of $5.61;... More