IR · Ingersoll Rand Inc.

Ingersoll Rand reported solid first quarter 2026 results, with revenue of $1,847 million, up 8% year-over-year, driven by strong execution of its Ingersoll Rand Execution Excellence (IRX) system and contributions from acquisitions. Adjusted net income attributable to Ingersoll Rand Inc. was $305 million, or $0.77 per share, up 7% from the prior year. Adjusted EBITDA reached $469 million, with a margin of 25.4%, down 150 basis points year-over-year, primarily due to organic volume declines in the Industrial Technologies and Services (IT&S) segment and tariff-related pricing that offset costs one-for-one. The Precision and Science Technologies (P&ST) segment outperformed, with adjusted EBITDA up 15% and margin expanding 120 basis points to 30.3%, driven by strong operational execution. Management highlighted solid momentum and maintained full-year 2026 guidance: revenue growth of 2.5% to 4.5%, adjusted EBITDA of $2,130 million to $2,190 million, and adjusted EPS of $3.45 to $3.57. The company expects no significant impact from tariffs or the Middle East conflict on full-year guidance. Cash flow from operations was $200 million, with free cash flow of $163 million. The company deployed $52 million for the Scinomix acquisition and returned $97 million to shareholders via share repurchases and dividends. Net debt to adjusted EBITDA leverage was 1.7x. The company also announced the signing of the acquisition of Fox s.r.l., expected to close on April 30, 2026.