Core Insights - Ingersoll Rand reported a 9% year-over-year increase in orders for the full year, with a 6% revenue increase, although organic revenue declined by 1% due to challenging comparisons in the first half of the year [1][3] - The company achieved an adjusted EBITDA of approximately $2.1 billion with a margin of 27.4% and an adjusted EPS of $3.34, reflecting a 2% increase year-over-year [1] - For the fourth quarter, revenue rose by 10% year-over-year, with 3% organic growth, and adjusted EBITDA was $580 million, resulting in a margin of 27.7% [2][7] Financial Performance - Full-year adjusted EBITDA was about $2.1 billion, with an adjusted EBITDA margin of 27.4% [1] - Fourth-quarter adjusted EBITDA was $580 million, with a margin of 27.7%, impacted by tariff pressures and commercial investments [2][7] - Adjusted EPS for the fourth quarter was $0.96, up 14% year-over-year, while the full-year adjusted EPS was $3.34 [1][2] Segment Performance - The Precision & Science Technologies (PST) segment showed strong margin expansion with a Q4 margin of 30.4% and a 19% increase in EBITDA [5][13] - The Industrial Technologies & Services (ITS) segment faced tariff-related margin pressure despite a 9% increase in orders year-over-year [11][12] - Organic orders in the PST segment increased by 1% in Q4, with mid-teens growth in life sciences [13] Recurring Revenue and M&A Activity - Ingersoll Rand surpassed $450 million in recurring revenue in 2025, with a backlog of approximately $1.1 billion [6][8] - The company invested $525 million across 16 acquisitions in 2025, generating about $275 million in annualized inorganic revenue [9] - Management indicated an active acquisition pipeline, including the recent acquisition of Scinomix [9][10] 2026 Guidance - For 2026, the company guided revenue growth of 2.5% to 4.5%, with adjusted EBITDA expected between $2.13 billion and $2.19 billion [15][16] - The guidance assumes stability in the market rather than a broad recovery, with first-quarter organic revenue expected to be flat to slightly down [16] - The company anticipates margin pressure in the first half of 2026 due to tariff impacts, with improvements expected in the second half [16][17]