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 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.
Visualization of income flow from segment revenue to net income