Ingersoll Rand (NYSE:IR) Third Quarter 2022 Results
Key Financial Results
Revenue: US$1.52b (up 14% from 3Q 2021).
Net income: US$144.6m (up 11% from 3Q 2021).
Profit margin: 9.5% (in line with 3Q 2021).
EPS: US$0.36 (up from US$0.32 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ingersoll Rand Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Machinery industry in the US.
The company's shares are up 3.9% from a week ago.
Before we wrap up, we've discovered 1 warning sign for Ingersoll Rand that you should be aware of.
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