Loading...
•
Mar 31, 2022
Ingersoll Rand Q1 2022 Earnings Report
Ingersoll Rand reported strong first-quarter results with double-digit growth in orders and revenue, leading to an increase in 2022 guidance.
Key Takeaways
Ingersoll Rand reported record first-quarter orders and revenue, driven by its competitive differentiator, Ingersoll Rand Execution Excellence (IRX). The company is raising its full-year 2022 organic revenue growth expectation and Adjusted EBITDA range.
Record orders of $1,630 million, up 25%, or 21% organic.
Record first-quarter revenues of $1,337 million, up 18%, or 14% organic.
Adjusted EBITDA of $304 million, up 24%, with a margin of 22.7%.
Liquidity of $3.1 billion as of March 31, 2022, including $2.0 billion of cash on hand.
Revenue by Segment
Forward Guidance
Ingersoll Rand is raising 2022 guidance based on expected continued strong demand trends and operational execution in 2022.
Positive Outlook
- Total revenue growth of 11% to 13%.
- Organic revenue growth of 8% to 10%.
- Adjusted EBITDA range to $1,385 to $1,425 million.
- ITS Organic Growth 8-10%
- PST Organic Growth 9-11%
Challenges Ahead
- FX Impact (~2%)
- Corporate (~$135M)
- H2 Revenue Growth 9-11%
- H1 FX Impact (~2%)
- H2 FX Impact (~1%)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...