Ingersoll Rand Inc. reported results for the quarter with revenue of $2.05B and diluted EPS of $0.66, marking year‑over‑year revenue growth and a swing to profitable net income versus the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$2.05B$1.89B8.5% | Net income²$256.8M($115.3M)322.7% | Diluted EPS³$0.66($0.29)327.6% |
¹ Reported as “Revenues”. ² Reported as “Net Income (Loss) Attributable to Ingersoll Rand Inc.”. ³ Reported as “Diluted earnings (loss) per share”.
Business Highlights
- Revenue growth of about 8% year over year for both the quarter and year‑to‑date was driven by acquisitions, foreign‑exchange tailwinds and modest organic growth.
- Aftermarket parts and services continue to represent a meaningful portion of sales at roughly 36% of consolidated revenue, with a slight decline versus the prior year.
- Both Industrial and Precision segments expanded, with Precision showing stronger margin improvement and organic order gains.
- Gross margin faced pressure from product mix and input costs, partially offset by cost actions and restructuring efforts; recent acquisitions contributed materially to revenues and adjusted EBITDA.
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.