Ingersoll Rand Reports Strong Q2 Performance with Raised Full-Year Guidance
Ingersoll Rand (NYSE:IR) reported solid second-quarter results, including a 4% increase in organic revenue to $2 billion and adjusted EPS growth of 7% to $0.86 per share. Organic orders rose by 2%, driven by improved demand trends as delayed long-cycle projects began converting into new orders in July. The company raised its full-year revenue guidance to a range of 4.5%–6.5%. Despite margin pressures from inflation and higher costs, particularly in China, adjusted EBITDA increased slightly to $520 million. The firm highlighted strong liquidity with approximately $3.8 billion on hand and closed two acquisitions—Lone Star Blower and Fai Filtri—to support growth initiatives. CFO Vik Kini noted that while corporate expenses contributed to a 160 basis point decline in adjusted EBITDA margin, these costs are expected to moderate in the second half of the year as pricing actions take effect. Segment performance was robust across all regions, with Industrial Technologies and Services (ITS) reporting nearly 9% revenue growth. Management remains optimistic about future demand despite short-term challenges related to project timing.
Tickers: $IR
Topics: acquisitions adjusted_eps guidance_update orders revenue_growth