$Ingersoll Rand (IR.US)$ reported its Q3 earnings after the bell with earnings per share beating estimates while sales slightly missed.
Q3 earnings of $0.84 per share beat the analyst consensus estimate of $0.81 by 3.7 percent.
The company reported quarterly sales of $1.86 billion which missed the analyst consensus estimate of $1.87 billion by 0.70 percent. This represents a 7.02 percent increase over sales of $1.74 billion from the same period last year.
Looking ahead, the company gave total revenue growth guidance range of 5% to 7% for the full year and full-year 2024 adjusted EPS guidance range of $3.28 to $3.34, up 11% to 13% over prior year.
"Our Economic Growth Engine remains on track to deliver our long-term Investor Day targets of double-digit Adjusted EPS growth and strong free cash flow generation," said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. "We plan on continuing to deploy capital to M&A and drive innovation all while showcasing our ability to deliver sustainable and long-term value as a premier growth compounder."
At 4:40 p.m. ET, shares are off 4.17%.
