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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.
Ingersoll Rand
Ingersoll Rand
Ingersoll Rand 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