Monday, October 25, 2021

Ingersoll Rand Raises Financial Outlook for Fiscal Year 21

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The industrial equipment maker now expects full-year revenue growth in the mid-teens, compared with its prior growth forecast in the lower double-digits. Ingersoll Rand Inc. raised its revenue growth and adjusted earnings projections for the fiscal 2021 year.

Write to Kimberly Chin at kimberly.chin@wsj.com

The company expects adjusted earnings before interest, taxes, depreciation and amortization between $1.15 billion and $1.18 billion. Its previous view was in the range of $1.12 billion to $1.15 billion.

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