NYSE$IR

Ingersoll Rand Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Ingersoll Rand reported strong Q4 2021 results, driven by record orders and revenue.

Ingersoll Rand reported a strong fourth quarter in 2021, with record orders and revenue. The company's performance was driven by its strategic imperatives and the successful navigation of supply chain and inflationary challenges. Looking ahead, Ingersoll Rand is well-positioned for continued success in 2022.

  • Reported orders increased by 24% to $1,507 million, with organic growth of 18%.
  • Revenue reached $1,419 million, a 16% increase, including 11% organic growth.
  • Net income attributable to Ingersoll Rand Inc. was $293 million, or $0.71 per share.
  • Adjusted EBITDA was $342 million, up 15%, with a margin of 24.1%.

Headline financials

Total Revenue

$1.42B

Previous: $1.51B-6.1%
EPS (adj)

$0.68

Previous: $0.53+28.3%
Orders

$1.51B

Previous: $1.53B-1.5%
Adjusted EBITDA

$342M

Previous: $344M-0.6%
Adjusted EBITDA Margin

24.1%

Previous: 22.8%+5.7%
Free Cash Flow

$224M

Previous: $397M-43.6%
Net Income

$293M

Previous: $151M+93.9%
Operating Income

$140M

Previous: $130M+7.7%
Gross Profit

$509M

Previous: $527M-3.3%
Cash & Equivalents

$2.11B

Previous: $1.75B+20.5%
Total Assets

$15.2B

Previous: $16.1B-5.6%
Stock-Based Comp

$22.2M

Previous: $22.3M-0.4%

Revenue & EPS history

Ingersoll Rand · Revenue · Quarterly

$1.42B

Q4 2021-6.1%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Ingersoll Rand · $1.42B total across 2 segments · Q4 2021

  • Industrial Technologies & Services
    $1.13B+11.6%
  • Precision & Science Technologies
    $290M+40.4%

Forward guidance

Ingersoll Rand is establishing full-year 2022 guidance based on expected continued strong demand trends and operational execution in 2022.

Tailwinds

  • Revenue growth is expected to be 11% to 13%.
  • Organic revenue growth is projected at 7% to 9%.
  • Adjusted EBITDA is expected to be between $1,375 million and $1,415 million.
  • Growth in Industrial Technologies and Services (ITS) is anticipated to be 7% to 9%.
  • Precision and Science Technologies (PST) growth is projected at 8% to 10%.

Headwinds

  • Foreign exchange impact is expected to be a headwind of approximately (1%).
  • Corporate expenses are estimated at (~$135M), evenly per quarter.
  • Revenue growth in H2 is expected to be 9-11% compared to 12-14% in H1.
  • No other negatives were explicitly mentioned in the provided text.
  • No other negatives were explicitly mentioned in the provided text.

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 2021

Historical avgQ4 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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