NYSE$IR

Ingersoll Rand Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported strong double-digit orders and revenue growth, raising guidance for organic growth and mid-point of adjusted EBITDA range.

Ingersoll Rand reported a record third quarter with strong growth across multiple metrics, driven by agility and commitment to operational excellence. The company announced six strategic bolt-on acquisitions and raised full-year 2022 guidance.

  • Record third-quarter orders increased by 10%, or 14% organically.
  • Record third-quarter revenues increased by 14%, or 18% organically.
  • Adjusted EBITDA increased by 20% to $376 million, with a margin of 24.8%.
  • Generated free cash flow from continuing operations of $253 million.

Headline financials

Total Revenue

$1.52B

Previous: $1.33B+14.4%
EPS (adj)

$0.62

Previous: $0.57+8.8%
Orders

$1.66B

Previous: $1.5B+10.5%
Adjusted EBITDA

$376M

Previous: $314M+19.7%
Adjusted EBITDA Margin

24.8%

Previous: 23.7%+4.6%
Free Cash Flow

$145M

Previous: $126M+15.2%
Net Income

$145M

Previous: $126M+15.2%
Operating Income

$190M

Previous: $164M+15.9%
Gross Profit

$575M

Previous: $514M+11.9%
Cash & Equivalents

$1.46B

Previous: $2.03B-28.2%
Total Assets

$14.2B

Previous: $14.9B-4.7%
Stock-Based Comp

$20.1M

Previous: $21.9M-8.2%

Revenue & EPS history

Ingersoll Rand · Revenue · Quarterly

$1.52B

Q3 2022+14.4%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Ingersoll Rand · $1.52B total across 2 segments · Q3 2022

  • Industrial Technologies & Services
    $1.2B+12.1%
  • Precision & Science Technologies
    $316M+24.3%

Forward guidance

Ingersoll Rand is raising its guidance for full year 2022 organic revenue growth and Adjusted EBITDA based on its expectations of strong commercial and operational performance for the remainder of the year

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 2022

Historical avgQ3 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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