IR's third-quarter 2024 adjusted earnings of 84 cents per share increase 9.1% year over year.
Ingersoll Rand Inc. (NYSE:IR ) Q3 2024 Results Conference Call November 1, 2024 8:00 AM ET Company Participants Matthew Fort - VP, IR Vicente Reynal - Chairman and CEO Vik Kini - CFO Conference Call Participants Mike Halloran - Baird Julian Mitchell - Barclays Jeff Sprague - Vertical Research Partners Rob Wertheimer - Melius Research Andy Kaplowitz - Citigroup Nigel Coe - Wolfe Research Joe Ritchie - Goldman Sachs Chris Snyder - Morgan Stanley Joe O'Dea - Wells Fargo David Raso - Evercore ISI Andrew Buscaglia - BNP Paribas Nathan Jones - Stifel Operator Good day, and welcome to the Ingersoll Rand Q3 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.
Although the revenue and EPS for Ingersoll (IR) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Ingersoll Rand (IR) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.77 per share a year ago.
IR's third-quarter results are likely to gain from strength across the Industrial Technologies & Services and Precision and Science Technologies segments.
Besides Wall Street's top -and-bottom-line estimates for Ingersoll (IR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Ingersoll (IR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ingersoll (IR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
IR stands to benefit from strength in its businesses, acquired assets and solid liquidity position.
The acquisition of APSCO is set to boost IR's position in the dry and liquid bulk markets with energy-efficient solutions.
Does Ingersoll Rand (IR) have what it takes to be a top stock pick for momentum investors? Let's find out.
IR is set to benefit from solid momentum across its segments. However, increasing costs and expenses remain a concern.