NYSE$IR

Ingersoll Rand Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong double-digit orders and revenue growth, leading to raised 2021 guidance.

Ingersoll Rand reported record orders and revenue in Q3 2021, driven by disciplined execution and capital allocation. The company raised its full-year 2021 revenue growth and Adjusted EBITDA guidance.

  • Record orders increased by 37% to $1,498 million (30% organically).
  • Record revenues increased by 19% to $1,325 million (13% organically).
  • Net income attributable to Ingersoll Rand was $126 million, or $0.30 per share, up 327% from prior year.
  • Adjusted EBITDA was $314 million, up 25%, with a margin of 23.7%.

Headline financials

Total Revenue

$1.33B

Previous: $1.34B-0.8%
EPS (adj)

$0.57

Previous: $0.40+42.5%
Orders

$1.5B

Previous: $902M+66.1%
Adjusted EBITDA

$314M

Previous: $284M+10.6%
Adjusted EBITDA Margin

23.7%

Previous: 21.3%+11.3%
Free Cash Flow

$126M

Previous: $29.5M+327.1%
Net Income

$126M

Previous: $29.5M+327.1%
Operating Income

$164M

Previous: $74.3M+120.6%
Gross Profit

$514M

Previous: $482M+6.7%
Cash & Equivalents

$2.03B

Previous: $1.31B+54.8%
Total Assets

$14.9B

Previous: $15.6B-4.4%
Stock-Based Comp

$21.9M

Previous: $12.8M+71.1%

Revenue & EPS history

Ingersoll Rand · Revenue · Quarterly

$1.33B

Q3 2021-0.8%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Ingersoll Rand · $1.33B total across 2 segments · Q3 2021

  • Industrial Technologies & Services
    $1.07B+18.6%
  • Precision & Science Technologies
    $254M+21.2%

Forward guidance

Ingersoll Rand is raising its full-year 2021 revenue growth expectation to high teens and raising Adjusted EBITDA guidance to $1.175 billion to $1.195 billion.

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 2021

Historical avgQ3 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

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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