earnings
confidence high
sentiment positive
materiality 0.85
Ingersoll Rand reports record Q2 orders and revenue; raises FY2022 organic growth guidance to 11-13%
Ingersoll Rand Inc.
2022-Q2 EPS reported
$0.59
revenue$2,776,900,000
- Q2 net income $139M ($0.34/sh); adjusted net income $223M ($0.54/sh).
- Record Q2 orders $1,599M (+10% reported, +9% organic); revenue $1,440M (+13% reported and organic).
- Adjusted EBITDA $335M (23.3% margin, 27% incremental margin); free cash flow $165M.
- Raising FY2022 organic revenue growth to 11-13% (from 8-10%); Adjusted EBITDA guidance $1,395-1,425M.
- Announced three bolt-on acquisitions (Hanye, Holtec, Hydro Prokav) and repurchased 3.5M shares for $153M.