Ingersoll Rand Raises FY Revenue Guidance, Beats Q2 Estimates, and Plans Two Acquisitions
IR sits 18% above its 52-week low of $68.07.
Summary
Ingersoll Rand raised its full-year revenue growth guidance to 4.5%-6.5% from 2.5%-4.5%, while Q2 revenue of $2.05B (+9% YoY) and adjusted EPS of $0.86 both beat estimates. The company also announced plans to acquire industrial filter maker Fai Filtri s.r.l. and expects to close a U.S. blower manufacturer deal on July 31. This follows the earlier July 30 news that FY26 adjusted EPS would be near the high end of the prior $3.45-$3.57 range. The guidance raise and deal announcements add materially to the positive narrative, with organic growth and M&A both contributing. The acquisitions expand the product portfolio in filtration and blowers, complementing the May acquisition of Fox S.R.L. and the Garrett Motion partnership.
At the time of this announcement, IR was trading at $80.58 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $33B. The 52-week trading range was $68.07 to $100.96. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.