Financial Performance - Third quarter 2024 orders reached $1,799 million, an increase of 10% year-over-year[1] - Reported revenues for the third quarter were $1,861 million, up 7% compared to the same period last year[1] - Adjusted EBITDA for the third quarter was $533 million, reflecting a 15% increase and a margin of 28.6%, up 210 basis points year-over-year[1] - Adjusted EPS for the third quarter was $0.84, up from $0.75 in the prior year, representing a growth of 12%[1] - Free cash flow for the third quarter was $374 million, with a free cash flow margin of 20%[1] - Revenues for the quarter ended September 30, 2024, were $1,861.0 million, an increase from $1,738.9 million for the same period in 2023, representing a growth of 7.0%[15] - Gross profit for the quarter was $815.0 million, compared to $739.3 million in the prior year, reflecting a gross margin improvement[15] - Operating income increased to $356.3 million from $318.4 million year-over-year, indicating a growth of 11.9%[15] - Net income attributable to Ingersoll Rand Inc. for the quarter was $221.6 million, up from $208.3 million in the same quarter last year, a rise of 6.3%[15] - Basic earnings per share for the quarter were $0.55, compared to $0.51 in the prior year, marking an increase of 7.8%[15] - Net income for the nine-month period ended September 30, 2024, increased to $614.4 million, up from $553.6 million in the same period of 2023, representing a growth of 10.5%[18] - Adjusted EBITDA for the nine-month period ended September 30, 2024, was $1,485.8 million, compared to $1,286.3 million in 2023, reflecting an increase of 15.5%[19] - Free cash flow for the nine-month period ended September 30, 2024, reached $756.7 million, up from $720.2 million in 2023, indicating a growth of 5.0%[19] - Adjusted diluted earnings per share for the nine-month period ended September 30, 2024, was $2.45, up from $2.09 in 2023, reflecting a growth of 17.2%[20] - Net income for the quarter ended September 30, 2024, was $223.4 million, compared to $209.6 million for the same period in 2023, representing an increase of 3.9%[22] - Total revenue for the quarter was $1.861 billion, up from $1.739 billion in the previous year, reflecting a growth of 7.0%[22] - Adjusted EBITDA for the quarter was $532.7 million, compared to $461.5 million in the same quarter last year, indicating a year-over-year increase of 15.4%[21] - Free cash flow for the quarter was $374.3 million, slightly up from $368.7 million in the prior year, showing a growth of 1.5%[21] - Total orders for the quarter reached $1.799 billion, an increase from $1.638 billion in the same quarter of 2023, marking a growth of 9.8%[22] Guidance and Strategic Plans - The company has updated its full-year 2024 revenue growth guidance to a range of 5% to 7%[7] - Adjusted EBITDA guidance for 2024 is set between $2,010 million and $2,040 million, indicating a 12% to 14% increase over the previous year[7] - The company plans to continue capital deployment towards M&A and innovation to drive long-term value[2] Acquisitions and Investments - Ingersoll Rand closed multiple acquisitions in October 2024, enhancing its position in high-growth markets[5] - Net cash used in investing activities for the nine-month period ended September 30, 2024, was $2,872.8 million, significantly higher than $991.7 million in 2023, primarily due to increased acquisitions[18] - Proceeds from long-term debt for the nine-month period ended September 30, 2024, amounted to $3,296.9 million, compared to $1,490.4 million in 2023, indicating a substantial increase[18] Balance Sheet and Cash Flow - Total assets as of September 30, 2024, were $18,206.2 million, up from $15,563.5 million at the end of 2023, reflecting a growth of 17.0%[17] - Long-term debt increased to $4,782.5 million from $2,693.0 million, indicating a significant rise due to strategic investments[17] - Cash and cash equivalents decreased to $1,376.9 million from $1,595.5 million, showing a decline of 13.7%[17] - The company reported an increase in inventories to $1,162.5 million from $1,001.1 million, reflecting a growth of 16.1%[17] - Total stockholders' equity rose to $10,334.2 million from $9,846.7 million, an increase of 4.9%[17] - The cash and cash equivalents at the end of the period were $1,376.9 million, up from $1,197.5 million at the end of September 30, 2023[18] Tax and Expenses - The company reported a provision for income taxes of $73.8 million for the quarter, compared to $60.3 million in the same period last year, reflecting a 22.9% increase[22] - Interest expense for the quarter was $63.8 million, up from $39.6 million in the previous year, indicating a significant increase of 60.4%[22] - The company incurred restructuring and related business transformation costs of $9.7 million for the quarter, compared to $2.2 million in the same period last year[21] Organic Growth - Organic growth in total orders was 0.8%, while organic revenue growth showed a decline of 2.4% for the quarter[24] - The impact of acquisitions contributed 8.7% to order growth and 8.9% to revenue growth for the quarter[24]

Core Viewpoint - Ingersoll Rand Inc. is set to release its third-quarter 2024 results on October 31, with expectations of continued revenue and earnings growth based on historical performance and recent acquisitions [1][7]. Financial Performance Expectations - The consensus estimate for revenues is $1.9 billion, reflecting a year-over-year growth of 7.9% [2]. - The adjusted earnings estimate is 82 cents per share, indicating a 6.5% increase from the previous year [2][7]. Segment Performance Insights - The Industrial Technologies & Services segment is expected to see a revenue increase of 4.2% year over year, reaching $1.5 billion, driven by higher orders for industrial vacuums and stable compressor orders [3]. - The Precision and Science Technologies segment is anticipated to perform well, with a projected revenue increase of 17.2% year over year to $363.8 million, supported by growth in short-cycle orders and strong book-and-ship orders [4]. Impact of Acquisitions - Recent acquisitions, including ILC Dover, Complete Air and Power Solutions, Del PD Pumps & Gear Pvt Ltd, and Fruvac Ltd, are expected to enhance Ingersoll Rand's capabilities and revenue streams [5][6]. - The integration of these companies is anticipated to augment the product portfolio and strengthen the company's position in various markets, including biopharma and mobile vacuum solutions [6][7]. Margin and Profitability Considerations - Increasing costs of sales and rising selling and administrative expenses may negatively impact margins and profitability [8]. - Foreign-currency headwinds are also expected to affect the company's top line due to its substantial international presence [8]. Earnings Prediction - The company has an Earnings ESP of +1.22%, with the Most Accurate Estimate at 83 cents per share, suggesting a likelihood of an earnings beat [9].

Core Viewpoint - Ingersoll Rand (IR) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the upcoming earnings report expected to be released on October 31, 2024 [1] Group 1: Earnings Expectations - The consensus estimate for Ingersoll Rand's quarterly earnings is $0.82 per share, reflecting a year-over-year increase of +6.5% [2] - Revenues are projected to reach $1.88 billion, representing a 7.9% increase from the same quarter last year [2] Group 2: Estimate Revisions - The consensus EPS estimate has been revised 0.78% higher in the last 30 days, indicating a positive reassessment by analysts [3] - The Most Accurate Estimate for Ingersoll is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.22%, suggesting bullish sentiment among analysts [6] Group 3: Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [5] - Ingersoll currently holds a Zacks Rank of 2, indicating a high likelihood of beating the consensus EPS estimate [6] Group 4: Historical Performance - Ingersoll has a history of exceeding consensus EPS estimates, having beaten expectations in the last four quarters, including a +7.79% surprise in the most recent quarter [7]

Core Viewpoint - Ingersoll Rand (IR) is positioned well for potential earnings beats in upcoming reports, supported by a strong history of exceeding earnings estimates and positive analyst sentiment [1][2][3] Group 1: Earnings Performance - Ingersoll Rand has a solid track record of beating earnings estimates, with an average surprise of 10.42% over the last two quarters [1] - For the last reported quarter, the company achieved earnings of $0.83 per share, surpassing the Zacks Consensus Estimate of $0.77 per share by 7.79% [1] - In the previous quarter, Ingersoll Rand reported earnings of $0.78 per share against an expected $0.69, resulting in a surprise of 13.04% [1] Group 2: Analyst Estimates - Recent estimates for Ingersoll Rand have been trending upward, indicating increased analyst confidence in the company's earnings potential [2] - The Zacks Earnings ESP for Ingersoll Rand is currently +1.22%, suggesting a bullish outlook from analysts [3] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2] Group 3: Upcoming Earnings Report - The next earnings report for Ingersoll Rand is anticipated to be released on October 31, 2024 [3]

Ingersoll Rand Inc. (IR) is poised to gain from strength across its businesses, strong product portfolio, strategic acquisitions and a sound capital-deployment strategy. The company remains focused on investing in growth opportunities and strengthening its long-term market position.IR, which has a market capitalization of $39.9 billion, currently carries a Zacks Rank #2 (Buy). Let’s delve into the factors that have been aiding the firm for a while now.Business Strength: Ingersoll Rand continues to see highe ...

Acquisitions complement Ingersoll Rand’s product and technology offerings and increase geographic reach, while adding new pump technology and capabilitiesExecution of bolt-on acquisition strategy continues to enhance company’s durable financial profile by serving high-growth, sustainable end marketsDemonstrates company’s commitment to capital allocation and expected achievement of mid-teens return on invested capital (ROIC) by third full year of ownership DAVIDSON, N.C., Oct. 01, 2024 (GLOBE NEWSWIRE) -- In ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

DAVIDSON, N.C., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, will issue its third quarter 2024 earnings release after the market closes on Thursday, October 31, 2024. Ingersoll Rand will also host a live earnings conference call to discuss the third quarter results on Friday, November 1, 2024, at 8 a.m. Eastern Daylight Time. To participate in the call, please dial +1-888-330-3073, domestical ...

Core Viewpoint - Ingersoll Rand Inc. is positioned to benefit from strong demand and innovation, with growth expected in its Industrial Technologies & Services and Precision and Science Technologies segments due to higher orders and acquisitions [1][2]. Group 1: Demand and Growth - The company is experiencing increased orders for industrial vacuums and blowers, alongside stable compressor orders, which will positively impact the Industrial Technologies & Services segment [1]. - Growth in short-cycle orders and strong book-and-ship orders are anticipated to support the Precision and Science Technologies segment, with a positive outlook on organic order growth [1]. Group 2: Acquisitions - Ingersoll Rand's acquisitions contributed 5.7% to total revenues in Q2 2024, including the purchase of ILC Dover, which enhances capabilities in biopharma and pharma production [2]. - Additional acquisitions in June 2024, such as Complete Air and Power Solutions and Del PD Pumps, will strengthen the company's position in mission-critical pumping solutions across various industries [2]. - The acquisition of Friulair in February 2024 will expand the air dryer business and introduce new chiller production capabilities, further enhancing the Industrial Technologies and Services segment [3]. Group 3: Shareholder Returns - Ingersoll Rand has demonstrated a commitment to shareholder returns, paying $32.4 million in dividends and repurchasing $263 million in shares in 2023 [4]. - In the first half of 2024, dividends amounted to $16.1 million, with share repurchases totaling $135.5 million, supported by strong free cash flow generation [4]. - Free cash flow increased by 65% year over year to $1.3 billion in 2023, with an 8.8% increase to $382.4 million in the first half of 2024 [4]. Group 4: Cost Pressures - The company faced an 11.2% increase in the cost of sales in 2023 due to rising raw material and component costs, alongside a 16.1% rise in selling and administrative expenses [6]. - Selling and administrative expenses as a percentage of revenues increased by 20 basis points to 18.9% in Q2 2024, driven by high costs associated with demand generation and IT investments [6]. Group 5: International Exposure - Ingersoll Rand has significant international exposure, which subjects it to political and economic disruptions that can impact profits [7]. - Adverse foreign currency movements negatively affected sales by approximately 1% in 2023 and 0.9% in Q2 2024 [7].

Ingersoll Rand Inc (NYSE:IR) beat profit and revenue expectations for the second quarter on Friday, and while the stock had a negative post-earnings reaction amid the broad-market selloff, it’s still sitting at prior May and June lows. The shares also remain above the 10-month moving average, which has been supportive on multiple occasions since 2021.There’s potential support in place at the 85-strike using options that expire through October. It’s also worth noting that short interest is sitting at a two-y ...