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Dec 31, 2020
Ingersoll Rand Q4 2020 Earnings Report
Ingersoll Rand reported a revenue increase driven by the Transaction, while net income and adjusted EBITDA also saw positive growth.
Key Takeaways
Ingersoll Rand reported Q4 revenues of $1.5 billion, a 149% increase versus the prior year. Net income attributable to Ingersoll Rand was $152 million, or $0.36 per share. Adjusted EBITDA was $344 million, up 10% from the prior year, with an Adjusted EBITDA margin of 22.8%. The company executed approximately $175 million of annualized Transaction-related cost synergies.
Reported revenues increased to $1.5 billion, up 149% year-over-year.
Net income attributable to Ingersoll Rand was $152 million, or $0.36 per share.
Adjusted EBITDA reached $344 million, a 10% increase year-over-year, with a margin of 22.8%.
Executed $175 million in annualized Transaction-related cost synergies.
Revenue by Segment
Forward Guidance
The company expects continued improving demand trends in 2021. The expectation for the Industrial Technologies and Services, Precision and Science Technologies and Specialty Vehicle Technologies Segments is mid-single digit organic revenue growth. Full-year 2021 revenue growth of high-single to low-double digits and Adjusted EBITDA of $1,230 to $1,260 million, up 14% to 17% over prior year.
Positive Outlook
- Continued improving demand trends in 2021
- Mid-single digit organic revenue growth in Industrial Technologies and Services, Precision and Science Technologies and Specialty Vehicle Technologies Segments
- Low-single digit tailwind from FX for the total company
- Tuthill Vacuum and Blower Systems acquisition expected to deliver approximately $60 million in revenue
- Full-year 2021 revenue growth of high-single to low-double digits
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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