NYSE$IR

Ingersoll Rand Inc. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Ingersoll Rand's Q3 2020 results reflected a mix of acquisition impact and organic decline, with revenue at $1.3 billion and adjusted EBITDA margin at 21.3%.

Ingersoll Rand reported Q3 2020 revenues of $1.3 billion, a 124% increase compared to the prior year. Net income attributable to Ingersoll Rand Inc. was $30 million, or $0.07 per share. Adjusted EBITDA was $284 million with a margin of 21.3%. The company executed approximately $150 million of annualized cost synergies.

  • Reported revenues increased by 124% year-over-year to $1.3 billion, but declined 10% compared to supplemental adjusted revenues of $1.5 billion in 2019.
  • Adjusted EBITDA was $284 million, with a margin of 21.3%.
  • The company awarded $150 million in equity to its global workforce.
  • Liquidity stood at $2.3 billion as of September 30, 2020.

Headline financials

Total Revenue

$1.34B

Previous: $597M+123.8%
EPS (adj)

$0.40

Previous: $0.41-2.4%
Orders

$902M

Previous: $403M+123.9%
Adjusted EBITDA

$284M

Previous: $294M-3.4%
Adjusted EBITDA Margin

21.3%

No prior period
Free Cash Flow Margin

179000000.0%

No prior period
Free Cash Flow

$29.5M

Previous: $41.3M-28.6%
Net Income

$29.5M

Previous: $41.3M-28.6%
Operating Income

$74.3M

Previous: $72.9M+1.9%
Gross Profit

$482M

Previous: $222M+117.6%
Cash & Equivalents

$1.31B

Previous: $406M+223.2%
Total Assets

$15.6B

Previous: $4.55B+242.8%
Stock-Based Comp

$12.8M

Previous: -$200K+6500.0%

Revenue & EPS history

Ingersoll Rand · Revenue · Quarterly

$1.34B

Q3 2020+123.8%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Ingersoll Rand · $1.11B total across 2 segments · Q3 2020

  • Industrial Technologies & Services
    $903M+117.3%
  • Precision & Science Technologies
    $210M+157.9%

Forward guidance

Due to the continued uncertainty of current economic conditions associated with COVID-19 and its impact on end markets, Ingersoll Rand is not providing 2020 guidance at this time. The company will look to provide annual guidance at an appropriate time.

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 Q3 2020

Historical avgQ3 2020

+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