Materiality pending
Public signal · 1-minute delayed
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AI summary
What happened, with direct paths to the underlying reporting
- Ingersoll Rand reported Q1 2024 earnings of 78 cents per share, surpassing estimates. - Total revenues were $1.67 billion, slightly below estimates, with a 20% YoY increase. - Industrial Technologies & Services segment revenue increased 4.3% YoY. - Adjusted EBITDA increased 14.6% YoY, with margins up to 27.5%. - Ingersoll Rand expects a 4-6% revenue increase and adjusted earnings of $3.20-$3.30 per share in 2024. Price Impact Rating: Bullish Impact Horizon Rating: Long-term Type: Earnings
- Ingersoll Rand reported Q1 2024 earnings of 78 cents per share, surpassing estimates.
- Total revenues were $1.67 billion, slightly below estimates, with a 20% YoY increase.
- Industrial Technologies & Services segment revenue increased 4.3% YoY.
- Adjusted EBITDA increased 14.6% YoY, with margins up to 27.5%.
- Ingersoll Rand expects a 4-6% revenue increase and adjusted earnings of $3.20-$3.30 per share in 2024.
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