Ingersoll Rand Is on Track to Exceed 2018 Guidance After Strong 1Q Performance
Narrow-moat Ingersoll Rand is off to a great start in 2018. Consolidated revenue grew 13% (8% organic) year over year to $3.4 billion (versus $3.2 billion consensus), adjusted operating margin expanded 20 basis points to 8.5%, and adjusted EPS increased 23% to $0.70 (versus $0.62 consensus). Both bookings and revenue growth were strong across all of Ingersoll Rand’s business lines. Given Ingersoll Rand’s strong start, we now expect the company’s top line to grow 5.8% and adjusted EPS of $5.23 pe...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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