Ingersoll (IR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Ingersoll Rand reported revenue of $1.81 billion for the quarter ended June 2024, reflecting a 7% increase year-over-year [1] - The company's EPS was $0.83, up from $0.68 in the same quarter last year, exceeding the consensus estimate of $0.77 by 7.79% [1] - The revenue surpassed the Zacks Consensus Estimate of $1.78 billion, resulting in a surprise of 1.31% [1] Revenue Performance - Precision and Science Technologies revenue was $1.47 billion, compared to the average estimate of $1.45 billion, marking a 6.4% year-over-year increase [3] - Industrial Technologies and Services revenue was reported at $436.20 million, exceeding the average estimate of $415.92 million [3] Adjusted EBITDA - Adjusted EBITDA for Precision & Science Technologies was $102.50 million, surpassing the estimated $92.95 million [3] - Adjusted EBITDA for Industrial Technologies & Services was $338.80 million, compared to the average estimate of $312.11 million, representing a 10% year-over-year increase [3] Stock Performance - Ingersoll Rand shares returned +9.1% over the past month, while the Zacks S&P 500 composite experienced a -0.4% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [2]