This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ingersoll Rand Delivers Fourth-Quarter EPS From Continuing Operations Of $0.77

Outlook

For 2013 the company expects moderate growth in industrial markets, global parts and service, and across most of the company’s businesses in Asia and Latin America. Refrigerated transport markets and commercial HVAC replacement activity are expected to demonstrate slow year-over-year growth, especially in Europe where performance is hampered by low economic growth in key markets. The North American non-residential construction market is continuing its weak and uneven demand pattern with moderate growth in commercial markets, partially offsetting ongoing weakness in key institutional markets. Activity in North American consumer related markets, especially residential HVAC, is expected to continue its ongoing recovery for 2013 with moderate increases in demand levels.

For comparison purposes, the 2013 forecast is based on the current Ingersoll Rand business structure, with four current operating sectors in place for the full 12 months of 2013. Revenues for the full-year 2013 are expected to be in the range of $14.2 billion to $14.6 billion. Full-year adjusted EPS from continuing operations are expected to be in the range of $3.45 to $3.65. Costs related to the impending spin-off of the residential and commercial security businesses and restructuring expenses are expected to be in the range of $0.40 to $0.60 per share. Including these costs, EPS for 2013 continuing operations are expected to be in the range of $2.85 to $3.25. The forecast includes a tax rate of 23 percent for continuing operations and an average diluted share count for the full year of approximately 300 million shares. Available cash flow for full-year 2013 is expected to approximate $1.1 billion, excluding restructuring expenses and costs related to the spin-off of the security business.

First-quarter 2013 revenues are expected to be in the range of $3.1 billion to $3.2 billion. Adjusted EPS from continuing operations for the first quarter of 2013 are expected to be in the range of $0.35 to $0.40, with reported EPS of $0.15 to $0.20, including security business spin-off and restructuring costs equal to approximately $0.10 per share and potential non-U.S. discrete tax charges equal to approximately $0.10 per share. The first-quarter forecast reflects an ongoing tax rate of 25 percent for continuing operations and an average diluted share count of approximately 302 million shares.

6 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs