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Ingersoll Rand Inc   (IR)
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EARNINGS REPORT by CSIMarket

Slipped into Red, Topline Tumbles

Ingersoll Rand Inc announced first quarter 2020 operating loss of $-66.8 millions, company lowers it's earnings outlook.

Avarmus_By_Avar_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonFor the first quarter 2020 Ingersoll Rand Inc slipped into loss of $-0.13 per share compare to $0.82 a year ago and eps fell from $1.22 per share from the previous quarter.

Sales fell sharply by -77.63 % to $800 millions from $3.58 billions in the same quarter a year ago and sequentially by -80.73 % from $4.15 billions.


Sales fell at Industrial Solutions -1.17%, while revenue growth was achieved at Climate Control +2.42%.
For the first quarter 2020 Ingersoll Rand Inc logged net loss of $-36.800 million, instead of net income of $203.700 millions achieved in the same quarter a year before. Company has decreased it's eps guidance, by $-0.85 to the new range between $2.59 and $ 2.74, while company see it's Sales estimates at $13,472 millions.


Ingersoll Rand Inc is expected to report next financial results on July 23, 2020.


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Other IR's Earnings Reports

Ingersoll Rand Inc reported fourth quarter 2019 earnings

Ingersoll Rand Inc reported third quarter 2019 earnings

Ingersoll Rand Inc reported second quarter 2019 earnings

       
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