Ingersoll Rand Reports Strong Third-Quarter 2018 Results

Highlights (Third quarter 2018 versus third quarter 2017, unless otherwise noted):
Continuing EPS of $2.11, up 50 percent; adjusted continuing EPS* of $1.75, up 22 percent
Reported and organic bookings* up 11 percent; sustained growth in Climate and Industrial
Reported and organic revenues* up 10 percent; continued strength in Climate and Industrial
Operating margin expansion of 80 bps; adjusted operating margin* higher by 100 bps

Continuing EPS guidance is raised to between $5.70 - $5.75 and adjusted continuing EPS guidance is raised to between $5.55 - $5.60 for full year 2018
*This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations.

Swords, Ireland, October 24, 2018
- Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, today reported diluted earnings per share (EPS) from continuing operations of $2.11 for the third quarter of 2018. Adjusted continuing EPS of $1.75 excludes primarily non-cash tax reform measurement period adjustments and a discrete non-cash tax adjustment in the U.S. totaling $106 million and restructuring costs of $20 million primarily related to ongoing footprint optimization.

Third-Quarter 2018 Results

Financial Comparisons - Third-Quarter Continuing Operations
$, millions except EPS
Q3 2018
Q3 2017
Y-O-Y Change
Organic Y-O-Y Change
Net Revenues
Operating Income
Operating Margin
0.8 PPts
Adjusted Operating Income*
Adjusted Operating Margin
1.0 PPts
Continuing EPS
Adjusted Continuing EPS
Restructuring Cost


The following information was filed by Trane Technologies Plc on Wednesday, October 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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