earnings
confidence high
sentiment positive
materiality 0.85
Ingersoll Rand Q2 revenue $1.805B (+7%), adj EPS $0.83, raises full-year guidance
Ingersoll Rand Inc.
2024-Q2 EPS reported
$0.95
revenue$3,475,400,000
- Q2 adjusted net income $341M ($0.83/share); reported net income $185M ($0.45/share).
- Adjusted EBITDA $495M (27.4% margin, +220bps YoY); free cash flow $283M (+39% YoY).
- Revenue guidance raised to 6-8% total growth; adj EBITDA now $2,010-2,060M, adj EPS $3.27-3.37.
- Closed ~$2.6B in M&A including ILC Dover; issued $3.3B investment-grade bonds, net debt/adj EBITDA 2.0x.
- IT&S segment rev $1.467B (+6%), P&ST rev $339M (+10%); organic orders down 1% due to China headwinds.