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Ingersoll Rand (IR)
NYSE:IR
Holding IR?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.85Last Year’s EPS
$0.86Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -3.86%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong financial performance and successful M&A activity as highlights. However, challenges such as organic revenue decline, difficulties in the China market, and order conversion timing issues were significant. The company remains optimistic about future growth and maintains strong liquidity and cash flow.Company Guidance
During the Ingersoll Rand Q3 2024 earnings call, the executives outlined several key metrics and updates on their guidance. The company achieved record orders and revenue, with a significant 200 basis points expansion in adjusted EBITDA margin, leading to a 9% growth in adjusted EPS and 20% free cash flow margins. Despite a challenging macroeconomic environment, they reaffirmed their commitment to delivering double-digit adjusted EPS growth and robust free cash flow generation. The company has completed 15 transactions year-to-date, with 10 more under LOI, and emphasized strategic expansions through acquisitions like APSCO, Blutek, UT Pumps, and Penn Valley Pump, each contributing to an expected mid-teens ROIC by year three. For the full year 2024, revenue growth is expected to be between 5% to 7%, with adjusted EBITDA forecasted between $2.1 billion and $2.04 billion, marking a 13% year-over-year increase at the midpoint. The adjusted EPS is projected to rise by approximately 12% year-over-year within the range of $3.28 to $3.34.Record Orders and Revenue
The company achieved record orders and revenue with over 200 basis points of adjusted EBITDA margin expansion, 9% adjusted EPS growth, and 20% free cash flow margins.
Successful M&A Strategy
Closed on 15 transactions in 2024, exceeding the annualized inorganic revenue target with 10 additional transactions under LOI.
Strong Free Cash Flow and Liquidity
Free cash flow for the quarter was $374 million, with a solid 20% free cash flow margin and total liquidity of $4 billion.
Positive PST Segment Momentum
PST segment achieved 3% organic order growth and sequential order growth of 13% with revenue growth of 16%.
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IR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $95.98 | $93.95 | -2.12% |
| Jul 31, 2024 | $100.36 | $91.19 | -9.14% |
| May 02, 2024 | $92.79 | $86.66 | -6.61% |
| Feb 15, 2024 | $87.72 | $89.39 | +1.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ingersoll Rand (IR) report earnings?
Ingersoll Rand (IR) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Ingersoll Rand (IR) earnings time?
Ingersoll Rand (IR) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IR EPS forecast?
IR EPS forecast for the fiscal quarter 2024 (Q4) is $0.85.
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