Ingersoll-Rand plc (IR), a world leader in creating comfortable, sustainable and efficient environments, reported second-quarter earnings from continuing operations of $83.0 million, or $0.31 per share compared to $310.6 million or $1.13 per share, last year. Excluding charges, adjusted EPS from continuing operations was $1.20, for the quarter.
On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $1.23 for the quarter. Analysts' estimates typically exclude special items.
The company's reported revenues increased 2 percent to $3.60 billion, compared with revenues of $3.54 billion for the 2014 second quarter. Revenues, excluding acquisitions and currency, increased 3 percent compared with last year. Analysts expected revenue of $3.69 billion for the quarter.
Ingersoll-Rand reaffirmed its full-year guidance range for 2015 revenues and for adjusted EPS. Organic revenues, which exclude currency and acquisitions, for the full-year 2015 are expected to increase in the range of 4 to 5 percent. Full-year reported revenues are also expected to increase in the range of 4 to 5 percent compared with 2014. Full-year adjusted EPS from continuing operations are expected to be in the range of $3.66 to $3.81 with full-year reported continuing EPS expected to be $2.59 to $2.74. Analysts expect the company to report earnings per share of $3.79.
Ingersoll-Rand expects third-quarter 2015 organic revenues to increase in the range of 5 to 6 percent compared with 2014 and reported revenues are expected to be up 4 to 5 percent. Adjusted EPS from continuing operations for the third quarter of 2015 are expected to be in the range of $1.15 to $1.19, with reported EPS of $1.13 to $1.17. Analysts expect the company to report earnings per share of $1.20.
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