Ingersoll Rand Q3 revenue slightly beats estimates; raises buyback plan
Overview
US flow creation and industrial solutions provider's Q3 revenue rose 6%, a slight beat versus analyst expectations
Adjusted net income attributable to company rose 24% in Q3
Company authorized $2 bln increase to share repurchase program
Outlook
Ingersoll Rand sees 2026 revenue growth of 5.5% to 7.0% versus 2025
Company expects 2026 adjusted EBITDA of $2.13 bln to $2.19 bln, excluding Q3 IEEPA Tariff Refunds
Ingersoll Rand forecasts 2026 adjusted EPS of $3.58 to $3.70, excluding Q3 IEEPA Tariff Refunds
Result Drivers
DEMAND ENVIRONMENT - Co said improved demand environment and continued execution drove organic orders and revenue growth
PROJECT BOOKINGS - Industrial segment organic orders growth driven by pickup in long-cycle project bookings and continued momentum in short-to-medium cycle business
LIFE SCIENCES - Co said life sciences business saw strong orders and revenue growth
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Beat* | $2.06 bln | $2.05 bln (9 Analysts) |
Q3 EPS | $1.73 | ||
Q3 Net Income | $671.60 mln | ||
Q3 Gross Profit | $924.30 mln | ||
Q3 Operating Income | $782.50 mln | ||
Q3 Pretax Profit | $725.20 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Ingersoll Rand Inc. is $87.50, about 16% above its October 28 closing price of $75.45
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago
Reuters Recommended Reads
Oct 27 - Illinois Tool Works Inc beats Q3 EPS estimates, raises 2026 outlook
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Oct 27 - Hubbell Inc beats Q3 revenue on Electrical Solutions growth, raises FY outlook
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)