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Dec 31, 2021
Ingersoll Rand Q4 2021 Earnings Report
Ingersoll Rand reported strong Q4 2021 results, driven by record orders and revenue.
Key Takeaways
Ingersoll Rand reported a strong fourth quarter in 2021, with record orders and revenue. The company's performance was driven by its strategic imperatives and the successful navigation of supply chain and inflationary challenges. Looking ahead, Ingersoll Rand is well-positioned for continued success in 2022.
Reported orders increased by 24% to $1,507 million, with organic growth of 18%.
Revenue reached $1,419 million, a 16% increase, including 11% organic growth.
Net income attributable to Ingersoll Rand Inc. was $293 million, or $0.71 per share.
Adjusted EBITDA was $342 million, up 15%, with a margin of 24.1%.
Revenue by Segment
Forward Guidance
Ingersoll Rand is establishing full-year 2022 guidance based on expected continued strong demand trends and operational execution in 2022.
Positive Outlook
- Revenue growth is expected to be 11% to 13%.
- Organic revenue growth is projected at 7% to 9%.
- Adjusted EBITDA is expected to be between $1,375 million and $1,415 million.
- Growth in Industrial Technologies and Services (ITS) is anticipated to be 7% to 9%.
- Precision and Science Technologies (PST) growth is projected at 8% to 10%.
Challenges Ahead
- Foreign exchange impact is expected to be a headwind of approximately (1%).
- Corporate expenses are estimated at (~$135M), evenly per quarter.
- Revenue growth in H2 is expected to be 9-11% compared to 12-14% in H1.
- No other negatives were explicitly mentioned in the provided text.
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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