NYSE$IR
Ingersoll Rand Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported record double-digit organic orders and organic revenue growth.
Ingersoll Rand reported a strong first-quarter performance in 2021, driven by the transformative power of IRX. The company saw a 17% increase in revenues and a 29% increase in orders, with organic growth of 12% and 24% respectively. The company is raising its 2021 full year guidance.
- Reported revenues of $1.4 billion, up 95%, and up 17% (12% organically) as compared to prior year supplemental adjusted revenues
- Reported orders of $1.7 billion, up 124%, and up 29% (24% organically) as compared to prior year supplemental adjusted orders
- Adjusted EBITDA of $293 million, up 57% from prior year supplemental adjusted EBITDA of $186 million, with a margin of 21.4%
- Reported operating cash flow from continuing operations of $123 million and free cash flow from continuing operations of $108 million
Headline financials
Revenue & EPS history
Ingersoll Rand · Revenue · Quarterly
$1.37B
Revenue by segment
Ingersoll Rand · $1.13B total across 2 segments · Q1 2021
- Industrial Technologies & Services$914M+81.3%80.9%
- Precision & Science Technologies$216M+91.1%19.1%
Forward guidance
Ingersoll Rand is raising its full-year 2021 revenue growth and Adjusted EBITDA guidance, excluding SVT.
Tailwinds
- Raising full-year 2021 revenue growth expectation, excluding SVT, to low double digits (up approximately 200 bps of organic growth from initial guidance)
- Raising adjusted EBITDA guidance, excluding SVT, to $1.12 billion to $1.15 billion (up approximately $45 million from initial guidance midpoint)
- Continued strong performance in 2021
- Strong orders momentum, driven by record demand for consumer vehicles as well as growth in golf, commercial and aftermarket product offerings
- Core industrial end markets saw continued strong demand with orders up 17% as compared to prior year supplemental adjusted orders, including positive momentum across all major regions
Headwinds
- Impact on the Company’s business, suppliers and customers and global economic conditions of the COVID-19 pandemic
- Unexpected costs, charges or expenses resulting from the Transaction
- Uncertainty of the expected financial performance of the combined company following completion of the Transaction
- Failure to realize the anticipated benefits of the Transaction, including as a result of delay in integrating the businesses of Gardner Denver and Ingersoll Rand Industrial
- The ability of the combined company to implement its business strategy
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.6%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.9%
Avg return
30 days after
65%
26 / 40 earnings
Positive
+11.7%
Q3 2018
Best reaction
-10.9%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.1% | -6.9% | -11.7% | |
| Q4 2025 | +4.6% | +3.2% | -12.8% | |
| Q3 2025 | -3.4% | -0.4% | +2.0% | |
| Q1 2025 | +0.5% | +2.2% | +7.1% | |
| Q4 2024 | -7.4% | -7.4% | -11.5% | |
| Q3 2024 | -3.4% | +0.4% | +7.1% | |
| Q2 2024 | -7.7% | -12.0% | -7.5% | |
| Q1 2024 | -6.8% | -3.4% | +0.1% | |
| Q4 2023 | +3.4% | +0.3% | +4.6% | |
| Q3 2023 | +8.1% | +7.5% | +19.1% | |
| Q2 2023 | +1.7% | +2.9% | +6.0% | |
| Q1 2023 | -0.0% | +3.2% | +7.5% | |
| Q4 2022 | -0.2% | +0.2% | -4.6% | |
| Q3 2022 | +2.1% | +5.8% | +8.4% | |
| Q2 2022 | +2.2% | +2.7% | -2.0% | |
| Q1 2022 | +0.7% | -4.3% | +8.1% | |
| Q4 2021 | -5.2% | -4.8% | -5.9% | |
| Q3 2021 | +1.6% | +3.0% | +4.0% | |
| Q2 2021 | -0.1% | +0.3% | +9.6% | |
| Q1 2021 | +0.1% | -5.7% | -3.1% | |
| Q4 2020 | +3.9% | +5.6% | +10.1% | |
| Q3 2020 | +10.9% | +15.2% | +26.9% | |
| Q2 2020 | +3.4% | +7.3% | +14.3% | |
| Q1 2020 | -10.9% | -9.2% | +5.7% | |
| Q4 2019 | +2.0% | -5.1% | -47.9% | |
| Q3 2019 | +0.7% | +0.2% | +4.1% | |
| Q2 2019 | -6.0% | -9.1% | -13.6% | |
| Q1 2019 | +6.3% | +6.6% | +6.7% | |
| Q4 2018 | +1.8% | +2.4% | +7.2% | |
| Q3 2018 | +11.7% | +13.8% | +3.5% | |
| Q2 2018 | -3.1% | +1.9% | -2.3% | |
| Q1 2017 | +2.5% | +1.7% | +6.5% | |
| Q1 2018 | +0.5% | -1.6% | +3.8% | |
| Q4 2015 | -8.1% | -8.0% | -4.5% | |
| Q4 2017 | -2.0% | -5.3% | -1.6% | |
| Q3 2016 | +0.1% | -0.5% | +7.0% | |
| Q3 2017 | +9.4% | +9.5% | +17.1% | |
| Q4 2016 | +3.4% | +1.5% | +1.9% | |
| Q2 2016 | +3.4% | +1.5% | +1.9% | |
| Q2 2017 | +3.4% | +6.8% | +5.3% | |
| Q1 2016 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — |
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