Ingersoll (IR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Ingersoll Rand (IR) reported $1.86 billion in revenue for Q3 2024, a 7% year-over-year increase, with an EPS of $0.84 compared to $0.77 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate by 0.84%, while the EPS exceeded the consensus estimate by 2.44% [1] Revenue Performance - Precision and Science Technologies revenue was $393.80 million, slightly above the average estimate of $393.66 million, reflecting a 26.8% year-over-year increase [3] - Industrial Technologies and Services revenue was $1.47 billion, below the estimated $1.49 billion, but still showing a 2.7% increase compared to the previous year [3] Adjusted EBITDA - Adjusted EBITDA for Precision & Science Technologies was reported at $118.10 million, slightly above the estimated $117.88 million [3] - Adjusted EBITDA for Industrial Technologies & Services was $449.90 million, exceeding the average estimate of $445.73 million [3] Stock Performance - Ingersoll's shares have returned -2.7% over the past month, contrasting with the Zacks S&P 500 composite's +1% change [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [4]