Ingersoll Rand Raises FY23 EPS Guidance $2.70-$2.80 Vs $2.72 Est.; Organic Revenue Growth Range Expectation By 200bps To 8%-10%, And Raising Total Revenue Growth To A Range Of 12%-14%
Portfolio Pulse from Happy Mohamed
Ingersoll Rand has raised its FY23 EPS guidance to $2.70-$2.80, up from the estimated $2.72. The company also increased its organic revenue growth range expectation by 200bps to 8%-10%, and total revenue growth to a range of 12%-14%. Adjusted EBITDA guidance has been raised to a range of $1,690 to $1,740 million, up 18% to 21% over the prior year.
August 04, 2023 | 12:14 pm
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Ingersoll Rand's raised FY23 EPS guidance and increased revenue growth expectations could lead to a positive impact on its stock price in the short term.
Ingersoll Rand's raised EPS guidance and increased revenue growth expectations indicate a positive financial outlook for the company. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
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