Ingersoll Rand Raises FY24 EPS Guidance To $3.27-$3.37 Vs $3.30 Est.; Revenue Growth Guidance To A Range Of 6%-8%
Portfolio Pulse from Benzinga Newsdesk
Ingersoll Rand has raised its FY24 EPS guidance to $3.27-$3.37, surpassing the $3.30 estimate. The company also increased its revenue growth guidance to 6%-8% and adjusted EBITDA guidance to $2,010-$2,060 million, reflecting a 12%-15% increase over the prior year.
July 31, 2024 | 8:48 pm
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Ingersoll Rand has raised its FY24 EPS guidance to $3.27-$3.37, surpassing the $3.30 estimate. The company also increased its revenue growth guidance to 6%-8% and adjusted EBITDA guidance to $2,010-$2,060 million, reflecting a 12%-15% increase over the prior year.
The raised guidance for EPS, revenue growth, and adjusted EBITDA indicates strong financial performance and positive future outlook for Ingersoll Rand. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100