NYSE$IR

Ingersoll Rand Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Ingersoll Rand reported strong first-quarter results with double-digit growth in orders and revenue, leading to an increase in 2022 guidance.

Ingersoll Rand reported record first-quarter orders and revenue, driven by its competitive differentiator, Ingersoll Rand Execution Excellence (IRX). The company is raising its full-year 2022 organic revenue growth expectation and Adjusted EBITDA range.

  • Record orders of $1,630 million, up 25%, or 21% organic.
  • Record first-quarter revenues of $1,337 million, up 18%, or 14% organic.
  • Adjusted EBITDA of $304 million, up 24%, with a margin of 22.7%.
  • Liquidity of $3.1 billion as of March 31, 2022, including $2.0 billion of cash on hand.

Headline financials

Total Revenue

$1.34B

Previous: $1.37B-2.4%
EPS (adj)

$0.49

Previous: $0.45+8.9%
Orders

$1.63B

Previous: $1.7B-4.1%
Adjusted EBITDA

$304M

Previous: $293M+3.8%
Adjusted EBITDA Margin

22.7%

Previous: 21.4%+6.1%
Free Cash Flow

$104M

Previous: -$90.4M+214.7%
Net Income

$104M

Previous: -$90.4M+214.7%
Operating Income

$157M

Previous: $150M+4.9%
Gross Profit

$526M

Previous: $515M+2.1%
Cash & Equivalents

$1.99B

Previous: $1.64B+21.4%
Total Assets

$15.1B

Previous: $15.9B-4.8%
Stock-Based Comp

$19.8M

Previous: $21.6M-8.3%

Revenue & EPS history

Ingersoll Rand · Revenue · Quarterly

$1.34B

Q1 2022-2.4%vs Q1 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Ingersoll Rand · $1.34B total across 2 segments · Q1 2022

  • Industrial Technologies & Services
    $1.04B+13.8%
  • Precision & Science Technologies
    $297M+37.7%

Forward guidance

Ingersoll Rand is raising 2022 guidance based on expected continued strong demand trends and operational execution in 2022.

Tailwinds

  • Total revenue growth of 11% to 13%.
  • Organic revenue growth of 8% to 10%.
  • Adjusted EBITDA range to $1,385 to $1,425 million.
  • ITS Organic Growth 8-10%
  • PST Organic Growth 9-11%

Headwinds

  • FX Impact (~2%)
  • Corporate (~$135M)
  • H2 Revenue Growth 9-11%
  • H1 FX Impact (~2%)
  • H2 FX Impact (~1%)

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 2022

Historical avgQ1 2022

+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

Earnings price reactions
QuarterReport dateReaction (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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro