earnings
confidence high
sentiment positive
materiality 0.80
Ingersoll Rand Q1 2022: record orders $1.63B (+25%), revenue $1.34B (+18%), raises guidance
Ingersoll Rand Inc.
2022-Q1 EPS reported
$0.25
revenue$1,337,000,000
- Reported net income $104M ($0.25 EPS) vs prior-year net loss $90M; adjusted EPS $0.49.
- Adjusted EBITDA $304M (22.7% margin); raising FY 2022 Adjusted EBITDA to $1,385-1,425M.
- Organic revenue growth guidance raised to 8-10% (from 7-9%); total revenue growth reaffirmed 11-13%.
- ITS segment orders +24%, revenue +14%; PST segment orders +31%, revenue +38%.
- Acquired Jorc for €27M; repurchased 2.1M shares for $101M; liquidity $3.1B.