NYSE$IR

Ingersoll Rand Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Ingersoll Rand reported a revenue increase driven by the Transaction, while net income and adjusted EBITDA also saw positive growth.

Ingersoll Rand reported Q4 revenues of $1.5 billion, a 149% increase versus the prior year. Net income attributable to Ingersoll Rand was $152 million, or $0.36 per share. Adjusted EBITDA was $344 million, up 10% from the prior year, with an Adjusted EBITDA margin of 22.8%. The company executed approximately $175 million of annualized Transaction-related cost synergies.

  • Reported revenues increased to $1.5 billion, up 149% year-over-year.
  • Net income attributable to Ingersoll Rand was $152 million, or $0.36 per share.
  • Adjusted EBITDA reached $344 million, a 10% increase year-over-year, with a margin of 22.8%.
  • Executed $175 million in annualized Transaction-related cost synergies.

Headline financials

Total Revenue

$1.51B

Previous: $606M+149.4%
EPS (adj)

$0.53

Previous: $0.37+43.2%
Orders

$1.53B

Previous: $308M+396.8%
Adjusted EBITDA

$344M

Previous: $135M+154.8%
Adjusted EBITDA Margin

22.8%

Previous: 22.3%+2.2%
Free Cash Flow Margin

26.3%

Previous: 347.0%-92.4%
Free Cash Flow

$397M

Previous: $90M+341.1%
Net Income

$151M

Previous: $26M+481.2%
Operating Income

$130M

Previous: $47.6M+173.9%
Gross Profit

$527M

Previous: $225M+133.9%
Cash & Equivalents

$1.75B

Previous: $506M+246.4%
Total Assets

$16.1B

Previous: $4.63B+247.0%
Stock-Based Comp

$22.3M

Previous: $5.8M+284.5%

Revenue & EPS history

Ingersoll Rand · Revenue · Quarterly

$1.51B

Q4 2020+149.4%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Ingersoll Rand · $1.22B total across 2 segments · Q4 2020

  • Industrial Technologies & Services
    $1.01B+203.9%
  • Precision & Science Technologies
    $207M+208.2%

Forward guidance

The company expects continued improving demand trends in 2021. The expectation for the Industrial Technologies and Services, Precision and Science Technologies and Specialty Vehicle Technologies Segments is mid-single digit organic revenue growth. Full-year 2021 revenue growth of high-single to low-double digits and Adjusted EBITDA of $1,230 to $1,260 million, up 14% to 17% over prior year.

Tailwinds

  • Continued improving demand trends in 2021
  • Mid-single digit organic revenue growth in Industrial Technologies and Services, Precision and Science Technologies and Specialty Vehicle Technologies Segments
  • Low-single digit tailwind from FX for the total company
  • Tuthill Vacuum and Blower Systems acquisition expected to deliver approximately $60 million in revenue
  • Full-year 2021 revenue growth of high-single to low-double digits

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 Q4 2020

Historical avgQ4 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

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