Ingersoll Rand Reports Record Third Quarter 2024 Results
Ingersoll Rand Inc. (IR)
Last ingersoll rand inc. earnings: 1/29 06:30 am
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US:NYSE Investor Relations:
ir.ingersollrand.com/investors/overview/default.aspx
Company Research
Source: Business Wire
Delivered Record Third Quarter Orders and Revenue with Strong Gross Margin Expansion, Adj. EPS growth, and Free Cash Flow MarginThird Quarter 2024 Highlights(All comparisons against the third quarter of 2023 unless otherwise noted.)Strong performance driven by its competitive differentiator - Ingersoll Rand Execution Excellence (IRX):Third quarter orders of $1,799 million, up 10%Reported third quarter revenues of $1,861 million, up 7%Reported net income attributable to Ingersoll Rand Inc. of $222 million, or earnings of $0.54 per shareAdjusted net income1 of $345 million, or $0.84 per shareAdjusted EBITDA1 of $533 million, up 15%, with a margin of 28.6%, up 210 basis points year over yearGross margin improvement of 130 basis pointsReported operating cash flow of $404 million and free cash flow1 of $374 million, up 2%Free cash flow margin1 of 20%Liquidity of $4.0 billion as of September 30, 2024, including $1.4 billion of cash on hand and undrawn capacity of $2.6 billion under availabl
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News
- Ingersoll Rand to Participate in Upcoming Investor ConferenceGlobeNewswire
- Drilling Machines Global Markets Analysis and Forecasts, 2021-2023 & 2024-2030 [Yahoo! Finance]Yahoo! Finance
- Possible Bearish Signals With Ingersoll Rand Insiders Disposing Stock [Yahoo! Finance]Yahoo! Finance
- Ingersoll Rand Inc. (NYSE: IR) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $107.00 price target on the stock, down previously from $112.00.MarketBeat
- Ingersoll Rand Inc. (NYSE: IR) is now covered by analysts at UBS Group AG. They set a "buy" rating and a $124.00 price target on the stock.MarketBeat
IR
Earnings
- 10/31/24 - Beat
IR
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- IR's page on the SEC website