Ingersoll Rand Inc. (NYSE:IR) Q4 2023 Earnings Conference Call February 16, 2024 8:00 AM ET Company Participants Matthew Fort - Vice President of Investor Relations Vicente Reynal - Chairman and CEO Vik Kini - CFO Conference Call Participants Mike Halloran - Baird Julian Mitchell - Barclays Jeff Sprague - Vertical Research Rob Wertheimer - Melius Research Andy Kaplowitz - Citigroup Nigel Coe - Wolfe Research Joe Ritchie - Goldman Sachs Steve Volkmann - Jefferies Chris Snyder - UBS Joe O'Dea - Wells Fargo Na ...

Ingersoll Rand (IR) reported $1.82 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 12.2%. EPS of $0.86 for the same period compares to $0.72 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.76 billion, representing a surprise of +3.78%. The company delivered an EPS surprise of +13.16%, with the consensus EPS estimate being $0.76.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Ingersoll Rand Inc. (IR) is scheduled to release fourth-quarter 2023 results on Feb 15, after market close.The company has a stellar earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 16.1%. Its bottom line surpassed the Zacks Consensus Estimate by 10% in the last reported quarter.Let’s see how things have shaped up for Ingersoll Rand this earnings season.Key Factors and Estimates for Q4Solid demand and higher orders wit ...

Group 1 - Ingersoll Rand (IR) is expected to report quarterly earnings of $0.76 per share, reflecting a 5.6% increase year-over-year [1] - Revenues are forecasted to be $1.76 billion, representing an 8.1% year-over-year increase [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts' reassessment of initial estimates [1] Group 2 - Analysts estimate 'Revenue- Precision and Science Technologies' to be $316.92 million, indicating a year-over-year change of +2.8% [2] - 'Revenue- Industrial Technologies and Services' is forecasted to reach $1.42 billion, reflecting a year-over-year change of +8.3% [2] - The consensus for 'Adjusted EBITDA- Precision & Science Technologies' is projected at $96.23 million, up from $92.70 million in the same quarter last year [2] Group 3 - 'Adjusted EBITDA- Industrial Technologies & Services' is estimated to reach $411.28 million, compared to $360.60 million a year ago [3] - Ingersoll shares have recorded returns of +11% over the past month, outperforming the Zacks S&P 500 composite's +5.8% change [3] - Based on its Zacks Rank 3 (Hold), IR is expected to perform in line with the overall market in the upcoming period [3]

DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and industrial solutions, announced that Vicente Reynal, chairman and chief executive officer, Vik Kini, chief financial officer and Mike Weatherred, senior vice president, Ingersoll Rand Execution Excellence (IRX) and Commercial Excellence, will participate in fireside chats at the following upcoming investor conferences: - The Barclays Industrial Select Conference on Wednesday, February 21 ...

Several companies in the Zacks Industrial Products sector, including major player Caterpillar (CAT) , have reported fourth-quarter 2023 earnings results. As a widely recognized economic bellwether, Caterpillar's performance is closely monitored by investors, offering valuable insights into the sector's potential. CAT's recent report showed a notable 35.5% improvement in fourth-quarter earnings, surpassing expectations on increased demand for its energy and transportation products, and favorable price realiz ...

Core Insights - Ingersoll Rand Inc. has completed the acquisition of Friulair S.r.l. for an all-cash upfront price of approximately $146 million, enhancing its air dryer business and expanding its manufacturing capabilities [1][2] Group 1: Acquisition Details - Friulair, based in Italy, specializes in the design and production of dryers, filters, aftercoolers, and accessories for compressed air treatment, as well as chillers [1] - The acquisition is expected to significantly increase Ingersoll Rand's access to the original equipment manufacturer channel and add new chiller production capabilities [1][2] - Friulair employs around 215 people and generates approximately $65 million in revenue [2] Group 2: Financial Expectations - Ingersoll Rand anticipates realizing Adjusted EBITDA margins exceeding 30% by the third year of ownership through synergies and the deployment of IRX [2] - The acquisition is expected to accelerate growth in the food and beverage and pharmaceutical end markets, in addition to scaling the existing air treatment business [2] Group 3: Strategic Integration - Friulair will be integrated into Ingersoll Rand's Industrial Technologies and Services (IT&S) segment, aligning with the company's strategic growth objectives [2]

Core Insights - Zacks Premium offers tools to enhance investor confidence and market engagement through daily updates, research reports, and stock screens [1] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum, providing a framework for investors to identify securities likely to outperform the market in the short term [2] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [2] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [2] Growth Score - The Growth Score emphasizes a company's financial health and future growth potential, analyzing projected and historical earnings, sales, and cash flow [3] Momentum Score - The Momentum Score assesses stocks based on price trends and earnings estimate changes, helping investors capitalize on upward or downward price movements [3] VGM Score - The VGM Score combines the three Style Scores, providing a comprehensive indicator for selecting stocks with strong value, growth, and momentum characteristics [4] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to identify stocks with high potential returns, with 1 (Strong Buy) stocks averaging a +25.41% annual return since 1988 [5] - There are over 800 top-rated stocks available, making it essential for investors to utilize Style Scores alongside the Zacks Rank for optimal stock selection [6] Stock to Watch: Ingersoll Rand (IR) - Ingersoll Rand Inc. is rated 3 (Hold) on the Zacks Rank, with a VGM Score of B and a Growth Style Score of B, indicating potential for growth [8] - The company forecasts a year-over-year earnings growth of 21.6% for the current fiscal year, with an upward revision in earnings estimates [8] - The Zacks Consensus Estimate for IR has increased by $0.03 to $2.87 per share, with an average earnings surprise of 16.1% [8]

simonkr Investment Introduction When I look at Ingersoll Rand Inc. (NYSE:IR) one of the first thoughts that comes to mind is about how strong the value creation has been throughout its many years of operations. IR has found its advantages and way to grow rapidly, that being with a strong diversified product lineup enabling it to penetrate several market opportunities globally. The value creation that I talk about with IR comes from in my opinion the growth of the business and how that will continue to d ...

Core Insights - Ingersoll Rand Inc. is positioned to leverage its diversified market presence to offset weaknesses in specific sectors [1] - The company anticipates a revenue growth of 14-16% year over year for 2023, with organic revenue growth projected at 9-11% [1] - Recent acquisitions, including Oxywise and Fraserwoods, are expected to enhance capabilities in high-growth markets [1] - The company expects acquisitions to contribute an additional $360 million to revenues in 2023 [2] Financial Performance - Ingersoll Rand's free cash flow increased by 60.2% year over year to $720.2 million in the first nine months of 2023 [2] - The company returned value to shareholders through $24.3 million in dividends and $132.8 million in share repurchases during the same period [2] - The company experienced a 12.7% increase in cost of sales and a 14.9% rise in selling and administrative expenses in the first nine months of 2023 [3] Market Challenges - The Precision & Science Technologies segment faced a revenue decline of 1.8% on a reported basis and 5.3% organically due to weak demand in the life sciences sector [3] - Rising costs and operating expenses have been a concern, impacting overall profitability [3] Comparative Performance - Ingersoll Rand's stock has gained 33.4% over the past three months, outperforming the industry average growth of 21.4% [2]