Ingersoll-Rand Inc

Ingersoll Rand posted a mixed third quarter, nudging past revenue expectations while falling just short on the bottom line, as acquisition-driven growth papered over underlying organic softness. The industrial manufacturer reported revenue of $1.96 billion, up 5.0% year-over-year and marginally ahead of the $1.95 billion consensus, but adjusted diluted EPS of $0.86 missed the $0.86 estimate by 0.30%. The story behind the numbers was one of competing forces: M&A contributions of 4.7% and a 1.6% currency tailwind more than offset a 1.3% organic revenue decline, while tariff-related headwinds and continued commercial investments compressed adjusted EBITDA margin by 70 basis points to 27.9%. A bright spot emerged in orders, which grew 8% to $1.94 billion, suggesting demand conditions are gradually improving. Looking ahead, management set full-year 2025 adjusted EPS guidance of $3.25 to $3.31, with total revenue growth of 4% to 6%, even as the organic revenue outlook for both segments sits at negative 2% to flat, reflecting continued near-term caution. The company recently added to its acquisition pipeline with the purchase of U.K.-based ejector solutions provider Transvac Systems, broadening its Industrial Technologies and Services portfolio.