Ingersoll Rand Reports Strong Q4 Earnings

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Ingersoll Rand Inc., a manufacturer of flow control and compression equipment, reported fourth-quarter earnings of $266.1 million, or 67 cents per share. Adjusted earnings came in at 96 cents per share, topping the average analyst estimate of 91 cents per share. The company also posted revenue of $2.09 billion in the quarter, beating the expected $2.05 billion. For the full year, Ingersoll Rand reported a profit of $581.4 million, or $1.45 per share, on revenue of $7.65 billion. The company expects full-year 2023 earnings in the range of $3.45 to $3.57 per share.

Why it matters

Ingersoll Rand's strong financial performance in Q4 and for the full year 2022 demonstrates the company's ability to navigate challenging market conditions and execute its growth strategy. As a leading manufacturer of industrial equipment, Ingersoll Rand's results are seen as an indicator of broader trends in the industrial sector.

The details

Ingersoll Rand, headquartered in Davidson, North Carolina, reported fourth-quarter earnings that exceeded Wall Street expectations. The company's adjusted earnings per share of 96 cents beat the average analyst estimate of 91 cents. Revenue for the quarter also topped forecasts, coming in at $2.09 billion versus the expected $2.05 billion. For the full year 2022, Ingersoll Rand reported a profit of $581.4 million, or $1.45 per share, on revenue of $7.65 billion.

• Ingersoll Rand reported its fourth-quarter and full-year 2022 results on February 12, 2026.
• The company expects full-year 2023 earnings in the range of $3.45 to $3.57 per share.

What’s next

Investors will be closely watching Ingersoll Rand's performance in 2023 to see if the company can maintain its strong financial momentum.