Ingersoll Rand

Ingersoll Rand (IR) Q2 2025 Earnings

Reported Jul 31, 2025 at 4:33 PM ET · SEC Source

Q2 25 EPS

$0.80

BEAT +0.40%

Est. $0.80

Q2 25 Revenue

$1.89B

BEAT +2.21%

Est. $1.85B

vs S&P Since Q2 25

-24.8%

TRAILING MARKET

IR -4.7% vs S&P +20.2%

Market Reaction

Did IR Beat Earnings? Q2 2025 Results

Ingersoll Rand delivered a solid second quarter, posting adjusted diluted EPS of $0.80 against a consensus estimate of $0.80, a beat of 0.40%, while revenue of $1.89 billion topped expectations by 2.21% and grew 4.6% year over year. The headline numb… Read more Ingersoll Rand delivered a solid second quarter, posting adjusted diluted EPS of $0.80 against a consensus estimate of $0.80, a beat of 0.40%, while revenue of $1.89 billion topped expectations by 2.21% and grew 4.6% year over year. The headline numbers, however, were shadowed by a GAAP net loss of $115.30 million, or $0.29 per share, compared to net income of $185.00 million in Q2 2024, after the company absorbed $265.80 million in non-cash goodwill and intangible asset impairments tied primarily to its ILC Dover units and a minority stake in its High Pressure Solution business. Acquisition activity remained a meaningful contributor, adding 6.5% to reported revenue growth even as organic revenue slipped 3.4%. Despite the near-term organic softness, management raised its full-year 2025 adjusted EPS guidance to $3.34 to $3.46 and lifted its adjusted EBITDA outlook to $2.10 billion to $2.16 billion, signaling confidence that its active M&A pipeline and inorganic growth momentum can more than offset continued organic headwinds.

Key Takeaways

  • IRX (Ingersoll Rand Execution Excellence) operating system driving operational performance
  • Acquisitions contributed 6.5% to reported revenue growth
  • IT&S book-to-bill of 1.05x and first half book-to-bill of 1.07x
  • P&ST adjusted EBITDA margin improved sequentially by 40 basis points from Q1
  • Tariff pricing offset tariff costs one-for-one
  • FX contributed 1.5% to reported revenue growth
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IR YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

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IR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“We delivered another strong quarter, with momentum reflected in our first half organic orders growth, robust book-to-bill ratio, and raised guidance on revenue, Adjusted EBITDA, and Adjusted EPS.”

— Vicente Reynal, Q2 2025 Earnings Press Release