Ingersoll Rand posted second-quarter 2026 revenues of $2,048.8 million and reported net income attributable to the company of $256.8 million. Adjusted net income attributable to Ingersoll Rand was $338.1 million, with adjusted diluted earnings per share of $0.86 and Adjusted EBITDA of $519.9 million. The company generated reported operating cash flow of $296 million and free cash flow of $268.9 million while maintaining liquidity of $3.8 billion as of June 30, 2026.

Financial Highlights

  • Revenue: $2,048.8 million for the three-month period ended June 30, 2026.
  • Gross profit: $862.6 million (reported gross profit for Q2 2026).
  • Operating income: $380.3 million for Q2 2026.
  • Net income attributable to Ingersoll Rand: $256.8 million for Q2 2026; basic and diluted EPS $0.66.
  • Adjusted results: Adjusted net income attributable to Ingersoll Rand $338.1 million; Adjusted diluted EPS $0.86; Adjusted EBITDA $519.9 million (Adjusted EBITDA margin 25.4%).
  • Cash flow and liquidity: Reported operating cash flow $295.9 million and Free Cash Flow $268.9 million in the quarter; total liquidity $3.8 billion (cash on hand $1.2 billion, undrawn capacity $2.6 billion).

Business Highlights

  • Orders: Reported orders of $2,042.9 million in Q2 2026, up 5% year-over-year; book-to-bill of 1.0x for Industrial Technologies & Services.
  • Segment performance — Industrial Technologies & Services: Orders $1,620.7 million (reported up 4%), revenues $1,622.1 million; segment adjusted EBITDA $434.5 million with a margin of 26.8%, with positive organic revenue growth across all regions.
  • Segment performance — Precision & Science Technologies: Orders $422.2 million (reported up 11%), revenues $426.7 million; segment adjusted EBITDA $134.5 million with margin of 31.5%, driven by strong Life Sciences and Precision Technologies demand.
  • M&A and portfolio activity: Deployed $110 million to M&A in Q2 (including Fox s.r.l.); signed acquisition of Fai Filtri s.r.l. expected to close in Q4 2026; expected close of a U.S.-based blower manufacturer on July 31, 2026.
  • Capital deployment and shareholder returns: Returned approximately $248 million to shareholders in Q2 through $240 million in share repurchases and $8 million in dividends; invested $27 million in capital expenditures during the quarter.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.