NYSE$IR
Ingersoll Rand Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Ingersoll Rand reported record orders and revenue, driven by strong gross margin expansion, adjusted EPS growth, and free cash flow margin.
Ingersoll Rand reported a strong third quarter in 2024, with record orders and revenue. The company's performance was driven by its competitive differentiator, Ingersoll Rand Execution Excellence (IRX).
- Third quarter orders increased by 10% to $1,799 million.
- Reported third quarter revenues increased by 7% to $1,861 million.
- Adjusted EBITDA increased by 15% to $533 million, with a margin of 28.6%.
- Free cash flow reached $374 million, resulting in a free cash flow margin of 20%.
Headline financials
Revenue & EPS history
Ingersoll Rand · Revenue · Quarterly
$1.86B
Revenue by segment
Ingersoll Rand · $1.74B total across 2 segments · Q3 2023
- Industrial Technologies & Services$1.43B+19.0%82.1%
- Precision & Science Technologies$311M-1.7%17.9%
Forward guidance
Ingersoll Rand is updating its guidance for full-year 2024 Revenue, Adjusted EBITDA, and Adjusted EPS ranges.
Tailwinds
- Total revenue growth guidance range of 5% to 7% for the full year
- Adjusted EBITDA guidance range of $2,010 to $2,040 million, up 12% to 14% over prior year
- Full-year 2024 Adjusted EPS guidance range of $3.28 to $3.34, up 11% to 13% over prior year
- M&A at ~$455M
- Corporate Costs at ~($170M)
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 2024
+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
| Quarter | Report date | Reaction (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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