FX.co ★ Ingersoll Rand Inc Q1 Profit Increases, beats estimates

Ingersoll Rand Inc has recently reported an increase in earnings for its first quarter, surpassing last year's results as well as Wall Street expectations.

Ingersoll Rand's quarter one earnings totalled $202.2 million, translating to $0.50 per share. This is a significant rise from the previous year's first quarter earnings of $161.1 million, or $0.39 per share.

Upon excluding certain items, the company's adjusted earnings for the period come to $317.6 million, or $0.78 per share. These figures surpassed the average analyst prediction of $0.69 per projected share, as per data collected by Thomson Reuters.

There was also a 2.5% increase in the company's revenue for the quarter, rising from $1.63 billion last year to $1.67 billion.

A look at Ingersoll Rand's first-quarter earnings (GAAP) reveals an increase from last year - Earnings rose from $161.1 million to $202.2 million. Earnings Per Share (EPS) saw an increase from $0.39 to $0.50. Revenue also saw a boost, increasing from $1.63 billion to $1.67 billion.

As for the outlook: Ingersoll Rand is predicting a Full Year Earnings Per Share (EPS) guidance ranging from $3.20 to $3.30.