Ingersoll Rand reported first quarter 2026 revenue of $1.85 billion, up 8% year-over-year, and adjusted EPS of $0.77, beating consensus estimates of $1.79 billion and $0.72, respectively. The results were supported by strong performance in the Precision and Science Technologies segment and contributions from recent acquisitions, which offset organic weakness in its larger industrial segment. The company maintained its full-year 2026 guidance.
Key Highlights
- Reported revenue growth of 8% was driven entirely by acquisitions and foreign currency, which masked a slight organic revenue decline of 0.3%, a miss versus investor expectations.
- The Precision and Science Technologies (P&ST) segment was a key contributor, with revenue growing 10% (4% organically) and adjusted EBITDA margin expanding 120 basis points year-over-year to 30.3%.
- In contrast, the larger Industrial Technologies and Services (IT&S) segment reported a 2% organic revenue decline and a 210 basis point contraction in adjusted EBITDA margin to 26.7%, driven by volume declines.