earnings
confidence high
sentiment positive
materiality 0.80
Ingersoll Rand reports record Q3 orders; raises FY21 Adj. EBITDA guidance to $1.175-$1.195B
Ingersoll Rand Inc.
2021-Q3 EPS reported
$0.64
revenue$3,733,600,000
- Record orders $1,498M (+37%); record revenue $1,325M (+19%, +13% organic).
- Adj. EBITDA $314M (23.7% margin); reported EPS $0.30, adjusted EPS $0.57.
- Raising FY21 guidance: revenue growth to high teens; Adj. EBITDA $1.175-$1.195B (up ~$20M from Q2 midpoint).
- Initiated $0.02 quarterly dividend, new $750M buyback, $731M share repurchase from KKR stake.
- Closed acquisitions (Air Dimensions, Seepex); pending Tuthill Pumps ($84.6M) and $395M debt prepayment.