Ingersoll Rand reports muted fourth-quarter results

Reuters
02-14
Ingersoll Rand reports muted fourth-quarter results

Feb 13 (Reuters) - Ingersoll Rand IR.N reported fourth-quarter results roughly in line with estimates on Thursday and also indicated that it remained poised for a strong year of mergers and acquisitions.

An advancing non-residential construction market in the United States has bolstered demand for the company's products.

Ingersoll reported a quarterly adjusted profit of 84 cents per share, in line with estimates, according to data compiled by LSEG.

Its revenue for the fourth quarter rose 4.2% to $1.89 billion, compared to analysts' average estimate of $1.9 billion.

(Reporting by Anshuman Tripathy and Nathan Gomes in Bengaluru; Editing by Alan Barona)

((Anshuman.Tripathy@thomsonreuters.com))

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