Ingersoll Rand Inc.

IR
Sector

Industrials

Industry

Specialty Industrial Machinery

Market Cap

$37.43B

Employees

18K

Company Overview

Ingersoll Rand Inc. is a diversified, global provider of mission-critical flow creation products and industrial solutions. They manufacture a broad range of compressors, pumps, vacuums, and blowers, along with related services and aftermarket parts. The company is a market leader with a strong global presence across various end-markets, including industrial manufacturing, clean energy, and life sciences.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Q3 revenue reached $1,861.0 million, a 7.0% increase YoY, primarily driven by acquisitions ($155.1 million), higher pricing ($32.3 million) and favorable foreign currency impact ($7.9 million), partially offset by lower organic volumes ($73.2 million).

Gross profit margin increased to 43.8% in Q3 2024 from 42.5% in Q3 2023, primarily due to increased price and input cost productivity improvements.

Operating expenses increased by $15.9 million YoY, and interest expense increased by $24.2 million YoY, impacting net income, despite the increase in gross profit.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights