Ingersoll Rand Q4 2023 Adj EPS $0.86 Beats $0.77 Estimate, Sales $1.82B Beat $1.78B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ingersoll Rand (NYSE:IR) reported Q4 2023 adjusted EPS of $0.86, surpassing the $0.77 estimate, with sales of $1.82B also beating the $1.78B estimate. This represents a 12.13% increase in sales compared to the same period last year.
February 15, 2024 | 9:31 pm
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Ingersoll Rand reported a strong Q4 2023 with adjusted EPS of $0.86 and sales of $1.82B, both exceeding estimates and showcasing a significant year-over-year sales growth of 12.13%.
Ingersoll Rand's Q4 2023 performance exceeded analyst expectations in both earnings per share and sales, indicating strong operational efficiency and market demand. The significant year-over-year sales growth further emphasizes the company's positive trajectory. This performance is likely to instill investor confidence and could lead to a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100