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Recap: Ingersoll Rand Q1 Earnings

Shares of Ingersoll Rand (NYSE:IR) were flat in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share came in at $0.25, which missed the estimate of $0.27. Revenue came in at $1.30 billion, which surpassed the estimate

Benzinga · 05/12/2020 11:29

Shares of Ingersoll Rand (NYSE:IR) were flat in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share came in at $0.25, which missed the estimate of $0.27.

Revenue came in at $1.30 billion, which surpassed the estimate of $1.24 billion.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 12, 2020

Time: 09:00 PM ET

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.irco.com%2Fevents-and-presentations%2Fevents-calendar%2Fdefault.aspx&eventid=2160256&sessionid=1&key=24BA452F843C7154E1D996956E4A7555&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $146.85

52-week low: $17.01

Price action over last quarter: down 19.69%

Company Overview

Ingersoll-Rand, Inc. was formed through the merger of Gardner Denver and Ingersoll-Rand PLC's industrial segment. After the merger, the firm's portfolio consists of four business lines: industrial technologies and services, precision and science technologies, high-pressure solutions, and specialty vehicle technologies. Ingersoll-Rand serves a variety of end markets, including industrial, medical, and energy. Its broad portfolio of products includes compression, blower and vacuum, fluid management, upstream and midstream energy solutions, as well as small electric vehicles and power tools and material handling solutions. On a pro forma basis, Ingersoll-Rand generated roughly $6.5 billion in revenue and $662 million in operating income in 2018.