Continuing EPS of $2.11, up 50 percent; adjusted continuing EPS* of $1.75, up 22 percent
Reported and organic bookings* up 11 percent; sustained growth in Climate and Industrial
Reported and organic revenues* up 10 percent; continued strength in Climate and Industrial
Operating margin expansion of 80 bps; adjusted operating margin* higher by 100 bps
Continuing EPS guidance is raised to between $5.70 - $5.75 and adjusted continuing EPS guidance is raised to between $5.55 - $5.60 for full year 2018
“Focused execution of our business strategy continues to deliver strong and differentiated results for our shareholders,” said Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand. “We set high expectations for 2018 and our talented and engaged team rose to the challenge. Our third quarter financial results extended our first half momentum with continued robust bookings and revenue growth, improved leverage and solid margin expansion in each business segment. As we look forward to 2019, we see the fundamental ingredients for another year of strong financial performance. We have healthy end markets, solid backlog and a proven business operating system to effectively manage risks, drive continued margin expansion and deliver strong cash flow to execute our balanced capital allocation strategy.”
Ingersoll-Rand Plc - Ingersoll Rand Reports Strong Third-Quarter 2018 Results
