NYSE$IR

Ingersoll Rand Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Ingersoll Rand reported record orders and revenue driven by strong organic growth and higher profitability.

Ingersoll Rand reported a strong second quarter with record orders and revenue, driven by strong organic growth and improved profitability. The company is raising its full-year 2022 organic revenue growth expectation and Adjusted EBITDA range.

  • Record second-quarter orders increased by 10% to $1,599 million.
  • Record second-quarter revenues increased by 13% to $1,440 million.
  • Adjusted EBITDA increased by 15% to $335 million, with a margin of 23.3%.
  • The company is raising full-year 2022 organic revenue growth expectation by 300 bps to 11% to 13%.

Headline financials

Total Revenue

$1.44B

Previous: $1.28B+12.6%
EPS (adj)

$0.54

Previous: $0.46+17.4%
Orders

$1.6B

Previous: $1.5B+6.6%
Adjusted EBITDA

$335M

Previous: $292M+14.7%
Adjusted EBITDA Margin

23.3%

Previous: 22.8%+2.2%
Free Cash Flow Margin

165000000.0%

No prior period
Free Cash Flow

$139M

Previous: $234M-40.8%
Net Income

$139M

Previous: $234M-40.8%
Operating Income

$197M

Previous: $140M+40.9%
Gross Profit

$570M

Previous: $513M+11.1%
Cash & Equivalents

$1.31B

Previous: $3.67B-64.3%
Total Assets

$14.2B

Previous: $16.2B-12.1%
Stock-Based Comp

$22.4M

Previous: $21.5M+4.2%

Revenue & EPS history

Ingersoll Rand · Revenue · Quarterly

$1.44B

Q2 2022+12.6%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Ingersoll Rand · $1.44B total across 2 segments · Q2 2022

  • Industrial Technologies & Services
    $1.15B+9.9%
  • Precision & Science Technologies
    $289M+25.0%

Forward guidance

Ingersoll Rand is raising its guidance for full year 2022 organic growth and Adjusted EBITDA based on its expectations of strong commercial and operational performance for the remainder of the year. Total revenue growth of 11% to 13% and raising the Adjusted EBITDA range to $1,395 to $1,425 million

Tailwinds

  • Raising full-year 2022 organic revenue growth expectation by 300 bps to 11% to 13%
  • Re-affirming total revenue growth of 11% to 13%
  • Raising the Adjusted EBITDA range to $1,395 to $1,425 million
  • Strong commercial performance
  • Strong operational performance

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 Q2 2022

Historical avgQ2 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

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