Ingersoll-Rand (TT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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, 2020View more earnings on IRTime: 09:00 PM ETWebcast 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®Tag=&sourcepage=registerPrice Action Company's 52-week high was at $146.8552-week low: $17.01Price 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.See more from Benzinga * Recap: Novanta Q1 Earnings * Recap: Radcom Q1 Earnings * Recap: ICL Group Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ingersoll Rand Inc., (NYSE: IR) a global provider of innovative and mission-critical industrial, energy, medical and specialty vehicle products and services, will host a business overview and integration update conference call on Wednesday, April 15 at 10:00 a.m. EST.
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Gardner Denver (IR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ingersoll Rand's (IR) first-quarter earnings reflect the adverse impact of organic sales decline and forex woes. It remains wary of the impacts of the coronavirus outbreak on its results in the quarters ahead.
Blame Jerome Powell, who called for more fiscal stimulus while leaving open questions of what the Federal Reserve can still do to boost the economy. Blame tensions between the U.S. and China, which continue to rise. The Dow Jones Industrial Average has slumped 510.37, or 2.2%, while the S&P 500 has fallen 2%, and the Nasdaq Composite has dropped 2.2%.
Credit Suisse (SIX:CSGN) analyst John Walsh maintained a Hold rating on Ingersoll Rand (NYSE:IR) on Wednesday, setting a price target of $30, which is approximately 3.13% above the present share price of $29.09.
IR earnings call for the period ending March 31, 2020.
The U.S. death toll from the coronavirus that causes COVID-19 climbed above 81,000 on Tuesday, as President Donald Trump, defending his record on testing in the U.S., ended his White House news conference abruptly following an angry exchange with two reporters.
Ingersoll (IR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Q1 2019 Ingersoll-Rand PLC Earnings Call
Ingersoll Rand Reports First-Quarter 2020 Results
Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and industrial solutions, will issue its first-quarter 2020 earnings release before the market opens on Tuesday, May 12, 2020.
The Board of Directors for Trane Technologies plc (NYSE:TT), a global climate innovator, declared a quarterly dividend of $0.53 cents per ordinary share, payable June 30, 2020, to shareholders of record on June 5, 2020.
Ingersoll (IR) delivered earnings and revenue surprises of -12.90% and -38.92%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Moody's Investors Service ("Moody's") changed the ratings outlook for Gardner Denver, Inc., (also known as "Ingersoll Rand" or the company) to stable from positive. Gardner Denver, Inc. is a subsidiary of Ingersoll Rand Inc. (formerly known as Gardner Denver Holdings, Inc.).
Ingersoll Rand Provides COVID-19 Business Update
Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and industrial solutions, announced that Vicente Reynal, Chief Executive Officer, and Emily Weaver, Chief Financial Officer, will virtually participate in a fireside chat at the 2020 Goldman Sachs Industrials & Materials Conference on Thursday, May 14, 2020 at 3:30 PM Eastern time.
Shares of Ingersoll Rand Inc. slumped 5.6% in premarket trading Tuesday, after the diversified industrial conglomerate reported first-quarter earnings that missed expectations, as the company sped up synergy actions related to Gardner Denver Holdings Inc.'s acquisition of Ingersoll-Rand PLC's industrial business that closed in February in light of the COVID-19 pandemic. The synergy actions reduced costs by $80 million to $90 million, and is expected to incur $450 million in expenses in connection with achieving the cost synergies. The company reported a net loss of $36.8 million, or 13 cents a share, after net income of $47.1 million, or 23 cents a share, in the year-ago period. Revenue rose 29% to $799.9 million. Adjusted for acquisition-related comparisons, earnings per share would have been 25 cents and revenue was $1.3 billion. The FactSet consensus for EPS was 27 cents and for revenue was $1.35 billion. The company said it is not provided 2020 financial guidance given the uncertainty in economic conditions as a result of the COVID-19 pandemic. The stock has lost 24.4% over the past three months through Monday, while the Dow Jones Industrial Average has declined 18.0%.