Ingersoll Rand (IR) Q4 Earnings & Revenues Top Estimates
Ingersoll Rand(IR) Zacks Investment Research·2024-02-17 02:06
Ingersoll Rand Inc. (IR) reported fourth-quarter 2023 adjusted earnings of 86 cents per share, surpassing the Zacks Consensus Estimate of 76 cents. The bottom line increased 19.4% year over year.Total revenues of $1,821.4 million outperformed the consensus estimate of $1,755 million. The top line increased 12.2% year over year on a 3.8% rise in organic revenues. Acquisitions contributed 6.7% to revenues, while foreign currency movements had a positive impact of 1.7%.Orders in the quarter totaled $1.67 billi ...