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Sep 30, 2021
Ingersoll Rand Q3 2021 Earnings Report
Reported strong double-digit orders and revenue growth, leading to raised 2021 guidance.
Key Takeaways
Ingersoll Rand reported record orders and revenue in Q3 2021, driven by disciplined execution and capital allocation. The company raised its full-year 2021 revenue growth and Adjusted EBITDA guidance.
Record orders increased by 37% to $1,498 million (30% organically).
Record revenues increased by 19% to $1,325 million (13% organically).
Net income attributable to Ingersoll Rand was $126 million, or $0.30 per share, up 327% from prior year.
Adjusted EBITDA was $314 million, up 25%, with a margin of 23.7%.
Ingersoll Rand
Ingersoll Rand
Ingersoll Rand Revenue by Segment
Forward Guidance
Ingersoll Rand is raising its full-year 2021 revenue growth expectation to high teens and raising Adjusted EBITDA guidance to $1.175 billion to $1.195 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income