earnings
confidence high
sentiment positive
materiality 0.80
Ingersoll Rand Q3 beats: orders +10%, revenue +7%, adj. EPS $0.84; guides FY rev 5-7%, adj. EBITDA $2,010-2,040M
Ingersoll Rand Inc.
2024-Q3 EPS reported
$1.49
revenue$5,336,400,000
- Q3 revenue $1,861M (+7% YoY), net income $222M ($0.54 EPS), adj. net income $345M ($0.84 EPS).
- Adj. EBITDA $533M (+15%), margin 28.6% (+210 bps); gross margin +130 bps.
- Free cash flow $374M (20% margin); liquidity $4.0B; net debt/EBITDA 1.7x.
- Full-year revenue growth guidance lowered to 5-7% (from 6-8%), organic growth (2)-0%.
- Completed four bolt-on M&A in October: Air Power Systems, Blutek, UT Pumps, Penn Valley Pump.