earnings
confidence high
sentiment positive
materiality 0.80
Ingersoll Rand Q3 2022 record orders $1.655B, revenue $1.516B; guides higher
Ingersoll Rand Inc.
2022-Q3 EPS reported
$0.94
revenue$4,292,600,000
- Record Q3 orders of $1,655M (+10% total, +14% organic); record revenue $1,516M (+14%, +18% organic).
- Net income $145M ($0.36 EPS); adjusted net income $253M ($0.62 EPS). Adjusted EBITDA $376M (24.8% margin, +110 bps).
- Raised FY2022 organic revenue growth guidance to 12%-14% and Adj. EBITDA to $1.400-$1.425B.
- Announced six bolt-on acquisitions across air treatment, fluid solutions, and blowers (SPX Flow Air, Dosatron, Everest, Pedro Gil, Westwood, Airmax).
- Operating cash flow from continuing ops $274M; free cash flow $253M; liquidity $2.6B.