Ingersoll Rand Reports 9% Revenue Growth as Orders Momentum Builds in Q2
The industrial equipment maker posted second-quarter earnings of $0.86 per share on an adjusted basis, up 7% year-over-year, while deploying $358 million toward acquisitions and shareholder returns.
Strong Growth Across Core Segments
Ingersoll Rand reported second-quarter revenues of $2,049 million, an increase of 9% compared to the prior-year period, according to its 8-K filing submitted July 30, 2026. The Davidson, North Carolina-based industrial solutions provider posted adjusted net income attributable to Ingersoll Rand Inc. of $339 million, or $0.86 per share, representing a 7% increase year-over-year (8-K filing, 2026-07-30).
Reported orders reached $2,043 million, up 5%, while adjusted EBITDA came in at $520 million, up 2%, with a margin of 25.4% (8-K filing, 2026-07-30). The company's reported net income attributable to Ingersoll Rand Inc. was $257 million, or $0.66 per share.
"Our second quarter results reflect strong organic growth and solid Adjusted EPS performance, driven by the strength of our portfolio and the consistent execution by our teams," said Vicente Reynal, chairman and chief executive officer, adding that "order momentum continues to build, reinforcing our confidence in delivering on our full-year commitments" (8-K filing, 2026-07-30).
Mixed Performance by Division
The Industrial Technologies and Services segment, which provides compressor, vacuum, and power tool solutions, generated revenues of $1,622 million, up 9% or 4% on an organic basis. However, segment adjusted EBITDA margin declined 180 basis points to 26.8%, "driven largely by challenges in offsetting inflationary impacts with price primarily in China as well as continued commercial investments for growth" (8-K filing, 2026-07-30).
The Precision and Science Technologies segment delivered stronger margin performance, with revenues of $427 million, up 8%, and adjusted EBITDA margin of 31.5%, up 200 basis points. The segment saw "low double-digit growth in Life Sciences and mid single-digit growth in Precision Technologies," with the margin expansion "driven by strong operational execution fueled by IRX" (8-K filing, 2026-07-30).
Capital Deployment and Balance Sheet
Ingersoll Rand maintained "ample liquidity of $3.8 billion," including $1.2 billion in cash and $2.6 billion in undrawn credit facility capacity (8-K filing, 2026-07-30). The company generated operating cash flow of $296 million and free cash flow of $269 million, compared to $246 million and $210 million, respectively, in the prior-year period.
The company deployed $110 million toward M&A in the quarter, including the previously announced acquisition of Fox s.r.l., and returned approximately $248 million to shareholders through $240 million in share repurchases and $8 million in dividend payments (8-K filing, 2026-07-30).
Ingersoll Rand announced the signing of an acquisition agreement for Fai Filtri s.r.l., a manufacturer of industrial filters, expected to close in the fourth quarter of 2026, along with an expected July 31, 2026 closing of a U.S.-based blower manufacturer acquisition (8-K filing, 2026-07-30).
Net debt to adjusted EBITDA leverage stood at 1.7x, flat compared to the prior year. In June 2026, Moody's upgraded the company's credit rating by one notch to Baa1 (8-K filing, 2026-07-30).
MarginX data shows recent insider activity included options exercises by CEO Vicente Reynal totaling 30,492 shares and CFO Michelle Swanenburg exercising 1,876 shares on two separate occasions.
This article was generated by MarginX from the 8-K filing on 2026-07-30. It is not investment advice.