IR earnings analysis
What we found in IR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Ingersoll Rand's Q1 2026 results indicate a solid performance, with revenues of $1,847.2 million and an EPS of $0.77, both exceeding consensus expectations. Despite these positive indicators, the company faced a decline in free cash flow to $163.4 million from $222.7 million YoY, attributed to increased costs and lower organic revenue growth.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth Driven by Acquisitions
- Revenue increased by 7.6%, up $130.4 million from $1,716.8 million YoY.
- EPS Exceeds Estimates
- Reported diluted EPS of $0.77 surpassed the estimated $0.74.
- Adjusted EBITDA Growth
- Adjusted EBITDA rose to $469.1 million from $459.7 million, marking a slight increase.
- Segment Orders Up
- Total orders increased to $1,557.9 million in the Industrial segment, a 4.8% increase YoY.
- Maintain Full-Year Guidance
- Management reaffirmed its guidance for 2026, including an Adjusted EPS range of $3.45 to $3.57.
- Improvement in Net Income
- Net income rose to $193.8 million compared to $188.4 million a year ago.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Free Cash Flow Decline
- Free cash flow declined to $163.4 million, down from $222.7 million YoY.
- Increased Restructuring Costs
- Restructuring charges rose to $8.7 million from $5.4 million, impacting profitability.
- Organic Revenue Pressure
- Organic revenues decreased by $5.9 million, suggesting challenges in core business growth.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.77
- Gross margin
- 42.9%
- Operating margin
- 15.7%
- Segment
- Industrial Technologies and Services: $1,444.5M; Precision and Science Technologies: $402.7M
What they said about what is next.
The company maintains its guidance for Adjusted EBITDA in the range of $2,130 - $2,190 million.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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