Companies /Industrials

Ingersoll-Rand Inc

NYSE: IR Specialty Industrial Machinery
$77.05
▼ $1.53 (−1.95%) today
Markets closed · 10:54pm ET

Q1 2026 Earnings

Reported Apr 28, 2026, 4:19pm ET · SEC source
$0.77
Beat +4.03%
EPS · est. $0.74
$1.8B
Beat +0.92%
Revenue · est. $1.8B
−15.0%
Trailing market
IR vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%Apr 28Apr 29report 4:19pm ETearnings−0.5%−2.1%
−2%0+2%Apr 28Apr 29earnings−0.5%−2.1%
IR −2.1%S&P 500 −0.5%
−2%0+2%Apr 28Apr 29report 4:19pm ETearnings−0.2%−2.1%
−2%0+2%Apr 28Apr 29earnings−0.2%−2.1%
IR −2.1%NASDAQ −0.2%
−4%0+4%Apr 27May 6report 4:19pm ETearnings+3.1%−0.6%
−4%0+4%Apr 27May 6earnings+3.1%−0.6%
IR −0.6%S&P 500 +3.1%
−4%0+4%Apr 27May 6report 4:19pm ETearnings+5.7%−0.6%
−4%0+4%Apr 27May 6earnings+5.7%−0.6%
IR −0.6%NASDAQ +5.7%
−4.59%
Day of report
+3.10%
Next session
+1.54%
One week
−8.39%
30 days

S&P 500 over the same 30 days: +6.60%.

Did IR Beat Earnings? Q1 2026 Results

Ingersoll Rand opened 2026 with a quarter that cleared Wall Street's bar on both top and bottom lines, posting adjusted diluted EPS of $0.77 against a consensus of $0.74, a beat of 4.03%, while revenue of $1.85 billion edged past estimates by 0.92% and grew 7.6% year over year. The headline growth was powered largely by acquisitions and favorable foreign currency, though organic revenue slipped 0.3%, a dynamic that also weighed on the Industrial Technologies and Services segment, where adjusted EBITDA margin compressed 210 basis points to 26.7%. The brighter spot was Precision and Science Technologies, which delivered 4% organic revenue growth and margin expansion of 120 basis points to 30.3%. Despite the solid beat, the stock has come under pressure, trading near a 52-week low as investors weigh tariff-related headwinds against management's steady full-year outlook, which calls for revenue growth of 2.5% to 4.5% and adjusted EPS of $3.45 to $3.57, representing approximately 5% growth at the midpoint.

Key Takeaways
  • Ingersoll Rand Execution Excellence (IRX) methodology driving operational discipline
  • Acquisitions contributed 3.7% to reported revenue growth
  • Foreign currency contributed 4.2% to reported revenue growth
  • P&ST segment organic revenue growth of 4% with 120 bps margin expansion
  • Tariff pricing offset tariff costs one-for-one in IT&S
  • IT&S book-to-bill ratio of 1.08x

“We began 2026 with solid momentum, delivering high single-digit Adjusted EPS growth and meeting our expectations for Revenue and Adjusted EBITDA. With a robust M&A pipeline, we remain confident in reaching our annual revenue target. Our Economic Growth Engine, IRX, and ownership mindset will continue to support disciplined execution and durable value creation.”

Ingersoll Rand CEO, on the earnings call

Forward Guidance & Outlook

Ingersoll Rand is maintaining its full-year 2026 guidance: revenue growth of 2.5% to 4.5% (organic growth flat to 2%, ~2% from M&A, ~0.5% currency), Adjusted EBITDA of $2,130M to $2,190M, Adjusted EPS of $3.45 to $3.57 (+5% growth at midpoint), and free cash flow to adjusted net income conversion of ~95%. Revenue phasing is expected at 48% first half / 52% second half. The company does not expect significant impact from Section 232 tariff changes or the Middle East conflict on full-year guidance. Key assumptions include ~$170M corporate costs, ~$230M net interest expense, ~23% adjusted tax rate, ~394M share count, and CAPEX at ~2% of sales.

IR YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$600.0M$1.2B$1.8B$1.7B$1.8BRevenue$765.5M$792.4MGross Profit$302.5M$289.7MOperating Income$186.5M$193.8MNet Income
$0$600.0M$1.2B$1.8BRevenueGross ProfitOperating IncomeNet Income

IR Revenue by Segment

Industrial Technologies and Services$1.4B+6.8%
Precision and Science Technologies$402.7M+10.4%

Figures from SEC filings and company reports. Not investment advice.