trending Market Intelligence /marketintelligence/en/news-insights/trending/vHXj_xganVCct96NoixQ8w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Ingersoll-Rand Q3 profit climbs 9.5% YOY

Which Companies Win from Decarbonizing Electricity?

Mining Exploration Insights - November 2020

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs


Ingersoll-Rand Q3 profit climbs 9.5% YOY

Ingersoll-Rand PLC said its third-quarter normalized net income amounted to 99 cents per share, compared with the S&P Capital IQ consensus estimate of $1.16 per share.

EPS increased 10.9% year over year from 90 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $266.6 million, an increase of 9.5% from $243.4 million in the prior-year period.

The normalized profit margin climbed to 7.6% from 7.2% in the year-earlier period.

Total revenue rose on an annual basis to $3.49 billion from $3.38 billion, and total operating expenses rose on an annual basis to $3.01 billion from $2.94 billion.

Reported net income increased 5.1% on an annual basis to $313.9 million, or $1.17 per share, from $298.8 million, or $1.10 per share.