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Dec 31, 2023
Ingersoll Rand Q4 2023 Earnings Report
Ingersoll Rand reported record fourth quarter results, driven by strong orders and revenue growth.
Key Takeaways
Ingersoll Rand reported a strong fourth quarter in 2023, with revenue up 12% and adjusted EBITDA up 19%. The company's performance was driven by its competitive differentiator, Ingersoll Rand Execution Excellence (IRX).
Reported orders increased by 13%, with organic orders up 3%.
Reported revenues increased by 12%, with organic revenues up 4%.
Adjusted EBITDA increased by 19%, with a margin of 27.5%, up 160 basis points year over year.
Free cash flow from continuing operations increased by 72%.
Revenue by Segment
Forward Guidance
Ingersoll Rand expects full-year 2024 revenue growth of 5% to 7% and Adjusted EBITDA of $1,915 to $1,975 million, up 7% to 11% over prior year. 2024 Adjusted EPS is expected to be in a range of $3.14 to $3.24, up 6% to 9% over prior year.
Positive Outlook
- Full-year 2024 revenue growth of 5% to 7%.
- Adjusted EBITDA of $1,915 to $1,975 million, up 7% to 11% over prior year.
- 2024 Adjusted EPS expected to be in a range of $3.14 to $3.24, up 6% to 9% over prior year.
- Expected continued strong demand trends.
- Operational execution in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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