Ingersoll Rand Sees 2024 Revenue Growth Target Of 5% To 7%, Adjusted EBITDA $2.01B-$2.04B, Adjusted EPS $3.28-$3.34 Vs $3.32 Est.
Portfolio Pulse from Benzinga Newsdesk
Ingersoll Rand has announced its 2024 financial targets, projecting revenue growth of 5% to 7%, adjusted EBITDA between $2.01 billion and $2.04 billion, and adjusted EPS ranging from $3.28 to $3.34, compared to an estimate of $3.32.
October 31, 2024 | 8:38 pm
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Ingersoll Rand has set its 2024 financial targets, with revenue growth expected between 5% and 7%, adjusted EBITDA of $2.01B-$2.04B, and adjusted EPS of $3.28-$3.34, slightly above the $3.32 estimate.
The announcement of financial targets slightly above estimates is likely to positively impact Ingersoll Rand's stock price in the short term. The revenue growth and adjusted EPS projections are favorable, indicating potential investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100