Ingersoll Rand Inc. ( (IR) ) has released its Q4 earnings. Here is a breakdown of the information Ingersoll Rand Inc. presented to its investors.
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Ingersoll Rand Inc., a leading global provider of mission-critical flow creation and life sciences and industrial solutions, continues to drive success through its diverse and robust portfolio, firmly rooted in the industrial and life sciences sectors.
Ingersoll Rand Inc. reported record-breaking results for the fourth quarter and the entirety of 2024, showcasing substantial growth in adjusted earnings per share and strong financial performance across its segments. This achievement highlights the company’s strategic focus and operational excellence.
Key financial highlights include an 8% increase in reported orders amounting to $1.8 billion and a 4% rise in revenues to $1.899 billion in the fourth quarter. The company’s adjusted net income reached $344 million with a 6% increase in adjusted EBITDA, maintaining a high margin of 28%. For the full year 2024, reported revenues grew by 5% to $7.235 billion, with adjusted net income up by 11% to $1.349 billion. Ingersoll Rand also returned $293 million to shareholders through share repurchases and dividends.
The company remains optimistic about 2025, projecting a revenue growth of 3% to 5% and an increase in adjusted EBITDA between 6% and 9%. Ingersoll Rand continues to leverage its strong liquidity position and successful acquisition strategy, with recent acquisitions enhancing its capabilities in wastewater treatment and blower technology.
Looking ahead, Ingersoll Rand’s management remains confident in navigating the dynamic market environment. The company is well-positioned to sustain its growth trajectory through strategic mergers and acquisitions and strong financial management, ensuring long-term value creation for its stakeholders.
