Financial Performance - Revenues for the year ended December 31, 2024, were $7,235.0 million, an increase of 5.2% from $6,876.1 million in 2023[252] - Gross profit for 2024 was $3,170.0 million, up from $2,882.2 million in 2023, reflecting a gross margin improvement[252] - Operating income increased to $1,300.1 million in 2024, compared to $1,164.3 million in 2023, representing a growth of 11.7%[252] - Net income attributable to Ingersoll Rand Inc. for 2024 was $838.6 million, a rise of 7.7% from $778.7 million in 2023[252] - Basic earnings per share for 2024 were $2.08, compared to $1.92 in 2023, indicating a 8.3% increase[252] - Comprehensive income attributable to Ingersoll Rand Inc. for 2024 was $597.7 million, down from $802.8 million in 2023, primarily due to foreign currency translation adjustments[254] Debt and Interest Management - The company had no variable rate debt outstanding as of December 31, 2024, managing interest rate risk through fixed rate to floating rate swap contracts[238][239] - A hypothetical increase of 100 basis points in market interest rates would increase interest expense by $7.5 million in 2024[241] - Long-term debt increased to $4,754.4 million in 2024, compared to $2,693.0 million in 2023, indicating a rise of 76.3%[257] - The company issued $3,300.0 million in senior unsecured notes on May 10, 2024, to fund acquisitions and repay existing debt[388] - The weighted-average interest rate for the debt was 7.18% prior to repayment in May 2024[386] Assets and Liabilities - Total assets increased to $18,009.8 million as of December 31, 2024, up from $15,563.5 million in 2023, representing a growth of 15.7%[257] - Total liabilities reached $7,764.5 million in 2024, up from $5,716.8 million in 2023, which is an increase of 36.0%[257] - Total stockholders' equity increased to $10,179.0 million in 2024, up from $9,783.8 million in 2023, representing a growth of 4.0%[259] - Cash and cash equivalents decreased to $1,541.2 million in 2024 from $1,595.5 million in 2023, a decline of 3.4%[257] Acquisitions and Investments - The Company completed the acquisition of ILC Dover for an initial cash consideration of $2,349.7 million, with goodwill of $1,309.8 million primarily due to anticipated revenue and cost synergies[327] - The total consideration for all businesses acquired in 2024 amounted to $2,975.9 million, with revenues from these acquisitions contributing $349.6 million for the year ended December 31, 2024[336] - The Company completed the acquisition of SPX FLOW's Air Treatment business for $519.0 million, enhancing its offerings in compressor system components[337] - The Company acquired Friulair for $143.3 million, aimed at increasing the scale of its air dryer business and adding new chiller production capabilities[318] - The Company recognized $159.9 million of goodwill from its 2023 acquisitions that is expected to be deductible for tax purposes[341] Cash Flow and Expenditures - Cash flows from operating activities from continuing operations reached $1,396.7 million, compared to $1,377.4 million in 2023, reflecting a solid operational performance[262] - Capital expenditures for 2024 were $149.1 million, an increase from $105.4 million in 2023, indicating ongoing investment in growth[262] - Net cash used in investing activities from continuing operations was $3,107.7 million, significantly higher than $1,060.5 million in 2023, primarily due to acquisitions[262] Restructuring and Operational Efficiency - The company reported restructuring charges of $31.2 million in 2024, compared to $19.9 million in 2023, indicating ongoing efforts to optimize cost structure[359] - The company’s restructuring program initiated in 2020 continues to yield efficiencies, with charges related to workforce restructuring and facility consolidation[356] Pension and Benefits - The Company’s pension benefits obligations decreased from $294.0 million in 2023 to $264.7 million in 2024[409] - The fair value of plan assets for pension benefits was $206.9 million as of December 31, 2024, down from $237.5 million in 2023[411] - The total net periodic benefit cost recognized for U.S. pension plans was $1.2 million in 2024, compared to $2.3 million in 2023, indicating a reduction of approximately 47.8%[417] Research and Development - The Company spent $116.6 million on research activities in 2024, up from $108.2 million in 2023 and $91.3 million in 2022, indicating a 7.9% increase year-over-year[295] Currency and Foreign Exchange - The company experienced unfavorable impacts on revenues due to the strengthening of the U.S. dollar against foreign currencies in 2024[242] - The company experienced a foreign currency transaction loss of $3.2 million in 2024, compared to a gain of $5.1 million in 2023, indicating currency volatility impacts[262]

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Q4 and full- year 2024 earnings presentation Making Life Better Forward-looking statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to expectations of Ingersoll Rand Inc. (the "Company" or "Ingersoll Rand") regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are ...

Ingersoll Rand Inc. (NYSE:IR) Q4 2024 Earnings Conference Call February 14, 2025 8:00 AM ET Company Participants Matthew Fort - VP, IR Vicente Reynal - Chairman & CEO Vik Kini - CFO Conference Call Participants Michael Halloran - Baird Julian Mitchell - Barclays Jeff Sprague - Vertical Research Partners Rob Wertheimer - Melius Research Andy Kaplowitz - Citigroup Stephen Volkmann - Jefferies Chris Snyder - Morgan Stanley Nicole DeBlase - Deutsche Bank Nigel Coe - Wolfe Research Nathan Jones - Stifel David Ra ...

For the quarter ended December 2024, Ingersoll Rand (IR) reported revenue of $1.9 billion, up 4.2% over the same period last year. EPS came in at $0.84, compared to $0.86 in the year-ago quarter.The reported revenue represents a surprise of -0.40% over the Zacks Consensus Estimate of $1.91 billion. With the consensus EPS estimate being $0.84, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Ingersoll Rand (IR) came out with quarterly earnings of $0.84 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this maker of flow control and compression equipment would post earnings of $0.82 per share when it actually produced earnings of $0.84, delivering a surprise of 2.44%.Over the last four quarters, the company has surpassed consensus EPS estimates three ...

Ingersoll Rand Reports Record Fourth Quarter and Full-Year 2024 Results Delivered double-digit Adjusted EPS growth in 2024; Well-positioned for strong operational performance in 2025 Fourth Quarter 2024 Highlights (All comparisons against the fourth quarter of 2023 unless otherwise noted) Strong performance driven by its competitive differentiator - Ingersoll Rand Execution Excellence (IRX): Full-Year 2024 Highlights (All comparisons against 2023 unless otherwise noted) 2025 Guidance DAVIDSON, N.C. – Februa ...

Ingersoll Rand earns “A List” rating from CDP in the environmental stewardship category for the second year in a rowRanked #1 globally in the Machinery and Electrical Equipment industry with a top 1% score on the 2024 S&P Global Corporate Sustainability Assessment and included on the Dow Jones Best-in-Class Indices for the third year in a rowNear-term and net-zero Scope 1, 2, and 3 targets approved by the Science Based Targets initiative (SBTi), validating Ingersoll Rand’s proposed emission reduction strate ...

Ingersoll Rand Inc. (IR) is scheduled to release fourth-quarter 2024 results on Feb. 13, before market open.The Zacks Consensus Estimate for Ingersoll Rand’s fourth-quarter earnings has remained steady in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 9.1%.The consensus estimate for revenues is pegged at $1.9 billion, indicating growth of 4.9% from the prior-year quarter’ ...

Wall Street analysts expect Ingersoll Rand (IR) to post quarterly earnings of $0.84 per share in its upcoming report, which indicates a year-over-year decline of 2.3%. Revenues are expected to be $1.91 billion, up 4.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings dis ...