Ingersoll Rand Reports Record Third Quarter 2024 Results
1. Ingersoll Rand reported Q3 2024 revenues of $1.861 billion, up 7%. Adjusted EBITDA rose by 15% YoY. 2. Chairman Vicente Reynal reaffirms investor targets of double-digit EPS growth. The company aims for strong free cash flow generation. 3. Segment Adjusted EBITDA margin reached 28.6%, indicating operational efficiency improvements. Positive organic order growth was noted in IT&S. 4. Ingersoll Rand plans $455 million M&A investments for sustainable growth. The company retains robust liquidity of $4 billion. 5. Full-year revenue guidance revised downward to 5-7%. Adjusted EPS outlook remains stable at $3.28-$3.34.