Ingersoll-Rand reports Q4 EPS 86c, consensus 77c

Reports Q4 revenue $1.82BB, consensus $1.78B. “2023 marked another record year for Ingersoll Rand, and we expect to continue to unlock new heights in 2024,” said Vicente Reynal, Chairman and CEO. “Our fourth quarter and full year results outperformed on revenue, Adjusted EBITDA, Adjusted EPS, and Free Cash Flow targets, keeping us on track to achieve our 2025 goals and positioning us well for the aggressive 2027 targets we set at our Investor Day. Our results support that using IRX, being nimble and pivoting to high-growth sustainable end markets continue to enhance the long-term durability of our business. Ingersoll Rand’s success wouldn’t be possible without our more than 18,000 global employees. Our unique ownership mindset has fueled employee sense of belonging and has led to numerous accolades, including recognition as a great place to work across several countries, notable employee learning and development programs, and several awards for our industry-leading sustainability program. We are living out the Company’s purpose of making life better for our people and our planet.”