Ingersoll-Rand Q4 Profit Soars, Guides Q1, 2015 EPS Below View - Quick Facts

(RTTNews) - Diversified industrial company Ingersoll-Rand Plc (IR) reported that fourth-quarter net earnings attributable to the company surged to $255.5 million or $0.95 per share from $47.7 million or $0.16 per share in the prior-year quarter.

Earnings from continuing operations surged to $212.2 million or $0.79 per share from $77.7 million or $0.26 per share in the year-ago quarter.

Excluding items, adjusted earnings from continuing operations for the latest quarter was $0.82 per share. On average, 21 analysts polled by Thomson Reuters expected earnings of $0.70 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter improved to $3.24 billion from $3.10 billion in the same quarter last year. Analysts expected revenues of $3.19 billion.

Looking ahead to the first quarter, the company expects adjusted earnings from continuing operations in a range of $0.29 to $0.33 per share, on projected revenue growth of 4 to 5 percent and organic revenue growth of 5 to 6 percent. Analysts expect quarterly earnings of $0.42 per share, on revenue growth of 6.1 percent to $2.89 billion.

For fiscal 2015, the company anticipates adjusted earnings from continuing operations in a range of $3.66 to $3.81 per share, on projected revenue growth and and organic revenue growth of 4 to 5 percent. Street is looking for full-year 2015 earnings of $3.86 per share, on revenue growth of 5.6 percent to $13.57 billion.