Brief: Ingersoll Rand Reports Record First Quarter 2023 Results

Ingersoll Rand

03/05/2023 22:51

Ingersoll Rand Inc  IR.N :
    * INGERSOLL RAND REPORTS RECORD FIRST QUARTER 2023 RESULTS
    * Q1 EARNINGS PER SHARE VIEW $0.52 -- REFINITIV IBES DATA
    * Q1 ADJUSTED EARNINGS PER SHARE $0.65
    * Q1 REVENUE VIEW $1.48 BILLION -- REFINITIV IBES DATA
    * Q1 EARNINGS PER SHARE $0.39
    * Q1 REVENUE $1.629 BILLION
    * RAISING FULL-YEAR 2023 ORGANIC REVENUE GROWTH RANGE
EXPECTATION
BY 300 BPS TO 6% TO 8%
    * RAISING TOTAL REVENUE GROWTH TO A RANGE OF 10% TO 12% FOR
2023
    * RAISING FULL-YEAR 2023 ADJUSTED EPS GUIDANCE TO A RANGE OF
$2.64
TO $2.74, UP 11% TO 16% OVER PRIOR YEAR
    * RAISING FY 2023 ADJUSTED EBITDA GUIDANCE TO RANGE OF
$1,660 TO
$1,710 MILLION, UP 16% TO 19% OVER PRIOR YEAR
    * FY2023 EARNINGS PER SHARE VIEW $2.56, REVENUE VIEW $6.42
BILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw3FySQPa 
Further company coverage:  IR.N