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Ingersoll Rand
🇺🇸 NYSE:IR
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•
Sep 30, 2022

Ingersoll Rand Q3 2022 Earnings Report

Reported strong double-digit orders and revenue growth, raising guidance for organic growth and mid-point of adjusted EBITDA range.

Key Takeaways

Ingersoll Rand reported a record third quarter with strong growth across multiple metrics, driven by agility and commitment to operational excellence. The company announced six strategic bolt-on acquisitions and raised full-year 2022 guidance.

Record third-quarter orders increased by 10%, or 14% organically.

Record third-quarter revenues increased by 14%, or 18% organically.

Adjusted EBITDA increased by 20% to $376 million, with a margin of 24.8%.

Generated free cash flow from continuing operations of $253 million.

Total Revenue
$1.52B
Previous year: $1.33B
+14.4%
EPS
$0.62
Previous year: $0.57
+8.8%
Adjusted EBITDA
$376M
Previous year: $314M
+19.7%
Adjusted EBITDA margin
24.8%
Previous year: 23.7%
+4.6%
Industrial Orders
$1.66B
Previous year: $1.5B
+10.5%
Gross Profit
$575M
Previous year: $514M
+11.9%
Cash and Equivalents
$1.46B
Previous year: $2.03B
-28.2%
Free Cash Flow
$253M
Previous year: $131M
+93.1%
Total Assets
$14.2B
Previous year: $14.9B
-4.7%

Ingersoll Rand

Ingersoll Rand

Ingersoll Rand Revenue by Segment

Forward Guidance

Ingersoll Rand is raising its guidance for full year 2022 organic revenue growth and Adjusted EBITDA based on its expectations of strong commercial and operational performance for the remainder of the year

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Ingersoll Rand