Ingersoll Rand Inc

Ingersoll Rand reported second-quarter revenues of $2.05 billion, up 8.5% year on year and 4.6% above analysts' expectations, in what was a strong quarter for the company. The industrial equipment maker also beat analysts' EPS estimates, while its full-year EBITDA guidance met expectations, though the stock is down 14% since reporting and currently trades at $72.48. Across the 12 gas and liquid handling stocks tracked, group revenues beat consensus estimates by 2% while next quarter's revenue guidance came in 0.8% below, and share prices have fallen 7% on average since the latest earnings results. SPX Technologies posted the best quarter with revenues of $679 million, up 22.9% year on year and 5.8% above expectations, and achieved the highest full-year guidance raise of the group, while Graco delivered the weakest performance against analyst estimates with revenues of $590.6 million, up 3.3% year on year but 3% short of expectations. Flowserve reported revenues of $1.17 billion, down 1.6% year on year but 0.9% above expectations, and Parker-Hannifin reported revenues of $5.76 billion, up 9.8% year on year and 3.3% above expectations.

Ingersoll Rand has acquired Lone Star Blower, Inc., a U.S.-based manufacturer of centrifugal, geared, gearless, and multistage blowers and compressors, expanding its Industrial Technologies and Services segment. The deal adds approximately $50 million in annual revenue and was made at an attractive low-double digit pre-synergy purchase multiple of 2025 Adjusted EBITDA. Lone Star brings engineering expertise, packaged blower systems, custom control systems, and a large rental fleet, strengthening Ingersoll Rand's presence in water and wastewater treatment and other high-growth industrial markets. The acquisition highlights the strength of Ingersoll Rand's bolt-on pipeline and proprietary, sole-sourced M&A process.

Ingersoll Rand raised its full-year 2026 revenue growth outlook to a range of 4.5% to 6.5%, while expecting adjusted earnings per share to land near the high end of its previously communicated range of $3.45 to $3.57. CEO Vicente Reynal said the updated revenue guidance reflects approximately 1% to 3% organic growth, approximately 2.5% growth from M&A, and approximately 1% growth from foreign exchange. The company maintained its adjusted EBITDA guidance of $2.13 billion to $2.19 billion and free cash flow conversion of approximately 95%, and noted that the adjusted EBITDA and adjusted EPS ranges exclude any benefit from expected IEEPA tariff refunds in the second half of the year. CFO Vikram Kini added that the remaining insurance recovery related to the ILC Dover transaction is not reflected in free cash flow guidance and represents pure upside. The second quarter saw organic orders rise 2%, organic revenue grow 4%, and adjusted EPS increase 7% to $0.86, with July showing low double-digit to mid-teens organic order growth.

Zacks Investment Research has identified Ingersoll Rand, RBC Bearings, and Crane Company as three industrial stocks likely to surpass earnings estimates this season. Ingersoll Rand holds an Earnings ESP of +0.61% and a Zacks Rank of 3 ahead of its July 30 report, with consensus revenue of $1.96 billion and earnings of 83 cents per share. RBC Bearings carries an Earnings ESP of +0.66% and a Zacks Rank of 2 before its July 31 release, with consensus revenue of $508.6 million and earnings of $3.42 per share. Crane Company shows an Earnings ESP of +4.73% and a Zacks Rank of 2 prior to its July 28 announcement, with consensus revenue of $706.1 million and earnings of $1.66 per share. The picks are based on Zacks' proprietary model combining positive Earnings ESP and a Zacks Rank of 1, 2, or 3, which historically yields a 70% earnings-beat probability.

Ingersoll Rand's Board of Directors declared a regular quarterly cash dividend of $0.02 per share of common stock. The dividend is payable on September 3, 2026, to stockholders of record on August 13, 2026.

Ingersoll Rand is trading at a potential 15.4% discount to a fair value estimate of $93.20 as its fiscal second quarter earnings approach, with analysts projecting diluted earnings of $0.80 per share. The company's aftermarket revenue has grown to 37% of total revenue, supporting margin stability and recurring income. However, the stock carries a price-to-earnings ratio of 52.6 times, well above the US Machinery industry average of 26.8 times and a modeled fair ratio of 38.4 times, which could limit upside if growth disappoints. Risks include margin disruption from acquisitions and shifting trade policies.

Ingersoll Rand is set to report fiscal second-quarter 2026 diluted earnings of US$0.80 per share, about 4% higher than the prior-year quarter's US$0.77, continuing a pattern of meeting or beating estimates over the last four quarters. The company's investment narrative hinges on steady demand for mission-critical industrial equipment, a growing base of higher-margin aftermarket revenue, and disciplined capital allocation across M&A and buybacks. A recent multiyear partnership with Garrett Motion to co-develop oil-free air technologies targets rising demand for energy-efficient and sustainable equipment, which could support pricing and margins. Ingersoll Rand's long-term projections call for US$9.0 billion in revenue and US$1.4 billion in earnings by 2029, requiring 4.9% annual revenue growth and an earnings increase of about US$0.8 billion from US$587.0 million. Some analysts already model revenue near US$9.4 billion and earnings around US$1.5 billion by 2029, reflecting more bullish assumptions than consensus.

Ingersoll Rand has announced another milestone year in sustainability, innovation, and operational excellence in its 2025 sustainability report. The company achieved 67% progress toward its SBTi-validated Scope 1 and 2 greenhouse gas emissions reduction goal of 42%, doubled sustainable product launches year-over-year to 364, and reached 100% of its zero waste to landfill target for more than half of in-scope sites. Ingersoll Rand was recognized by S&P Global with a fourth consecutive inclusion on the Dow Jones Best-in-Class Indices and a number one ranking in North America, named to CDP's A List for the third straight year, and received Prime status for corporate ESG performance from ISS Stoxx. The company also reported a total recordable incident rate of 0.51, 78% better than the industry average, granted equity to approximately 3,600 employees through its Ownership Works program, and maintained an employee engagement index score of 81, placing it in the top 10% of manufacturing companies. Chairman and CEO Vicente Reynal stated that the results demonstrate the company's commitment to long-term sustainability and its purpose of Making Life Better.

The 12 gas and liquid handling stocks tracked by StockStory reported a satisfactory first quarter, with revenues beating analysts' consensus estimates by 1.3% and next quarter's revenue guidance coming in 4.8% above expectations. Donaldson posted revenues of $995.1 million, up 5.9% year on year and exceeding estimates by 1.6%, while Gorman-Rupp delivered the best performance with revenues of $176.6 million, a 7.7% increase that beat estimates by 3.5%. Graco was the weakest, with revenues of $540.1 million missing estimates by 3.9%. ITT achieved the fastest revenue growth among peers at 32.7% to $1.21 billion, surpassing estimates by 9.8%, and Ingersoll Rand reported revenues of $1.85 billion, up 7.6% and topping estimates by 0.9%.

Turtle Creek Asset Management highlighted Ingersoll Rand in its first-quarter 2026 investor letter, noting the industrial machinery company reported a book-to-bill ratio above one for the first full year since 2022 and has seen positive organic order growth in three of the past four quarters. The firm described the company's outlook as optimistic, consistent with signals from other industrial holdings, while acknowledging the industrial recession has now lasted over three years, one of the longest on record. Ingersoll Rand shares closed at $77.07 on June 17, 2026, with a one-month return of 9.66% and a 52-week decline of 4.60%, giving it a market capitalization of $30.16 billion. The number of hedge fund portfolios holding the stock rose to 39 at the end of the first quarter from 37 in the prior quarter.