By Chris Wack

Ingersoll-Rand Plc (IR) on Tuesday reported first-quarter earnings that beat analysts' estimates.

The Irish maker of heating and air-conditioning products earned a quarterly profit of $199.9 million, or 82 cents a share. Analysts polled by FactSet expected net income of $180 million, or 73 cents a share.

On an adjusted basis, Ingersoll-Rand reported earnings of 89 cents. Analysts were looking for 80 cents as adjusted, per FactSet.

Revenue was $3.58 billion, the company said, topping the $3.5 billion targeted by analysts.

On Tuesday, Ingersoll-Rand announced that its industrial division was merging with Gardner Denver Holdings Inc. (GDI) in a combination that would create the world's second-largest manufacturer of industrial pumps and compressors.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

April 30, 2019 06:43 ET (10:43 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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