Ingersoll Rand Is Firing on All Cylinders as it Heads into 2019
Ingersoll Rand raised its full-year 2018 EPS guidance after reporting strong third-quarter results that beat Wall Street's estimates. The narrow-moat company's third-quarter revenue grew 10% year over year to $4.0 billion, slightly beating the consensus estimate. Adjusted operating margin expanded 100 basis points to 15.1% (versus the 15% consensus estimate), and adjusted EPS increased $0.31, or 22% year over year, to $1.75, which beat Wall Street's estimate by $0.04. Ingersoll Rand has been cap...Ingersoll-Rand provides products, services and solutions to enhance air in homes and buildings, transport and protect food. Co.'s segments are: Climate. which includes Trane® and American Standard® Heating & Air Conditioning, providing heating, ventilation and air conditioning systems, and commercial and residential building services, parts, support and controls, energy services and building automation as well as transport temperature control solutions; and Industrial, which includes compressed air and gas systems and services, power tools, material handling systems, ARO® fluid management equipment, as well as Club Car ® golf, utility and rough terrain vehicles.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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