Ingersoll-Rand raises FY24 adjusted EPS view to $3.27-$3.37 from $3.20-$3.30

Consensus $3.30. Raises FY24 revenue view to up 6%-8% from up 4%-6%. Raises FY24 adjusted EBITDA view to $2.01B-$2.06B from $1.94B-$2B. The company said, “Ingersoll Rand is raising its guidance for full-year 2024 Revenue, Adjusted EBITDA, and Adjusted EPS ranges based on the strong performance in the first half, and its expectations of continued strong commercial and operational performance for the balance of the year. The full-year revenue guidance increase is driven by the recent M&A activity, partially offset by FX and a reduction in organic growth expectations, largely driven by China.”