IR FY2026 Q1 개선

Ingersoll Rand Inc. 실적 발표

Apr 29, 2026 · 08:00 ET Matthew FortVic KinneyVicente Rinal earningscall_biz

Buzzberg 분석

Full-year 2026 guidance reaffirmed with 5% EPS growth

Ingersoll Rand reported a solid Q1 with revenue and EBITDA in line with expectations, offset by a temporary $40M order delay from the Middle East conflict. Management reaffirmed full-year guidance, citing stabilizing short-cycle demand and a robust M&A pipeline. Q1 adjusted EPS was $0.77, up 7% YoY, with revenue up 8% and adjusted EBITDA margin of 25.4%.

Buzzberg 분석 Full-year 2026 guidance reaffirmed with 5% EPS growth Ingersoll Rand reported a solid Q1 with revenue and EBITDA in line with expectations, offset by a temporary $40M order delay from the Middle East conflict. Management reaffirmed full-year guidance, citing stabilizing short-cycle demand and a robust M&A pipeline. Q1 adjusted EPS was $0.77, up 7% YoY, with revenue up 8% and adjusted EBITDA margin of 25.4%. 전체 분석 보기분석 접기

Orders were up 5% with a book-to-bill of 1.07; excluding a ~$40M Middle East project delay, organic orders were flat.
Short-cycle demand is stabilizing/improving, particularly in US compressors, power tools, and precision technologies, with momentum in April.
Life sciences saw double-digit order growth, driven partly by ILC Dover, positioning it as a strong growth platform.

매출$1.8472B-12% 전분기 대비

주당순이익(EPS)$0.77-20% 전분기 대비

매출총이익률42.9%보고값

영업이익률15.68%보고값

근거 있는 핵심 내용 6개

지금 중요한 점

이번 발표에서 가장 의미 있는 변화를 정리했습니다.

Guidance

Full-year 2026 guidance reaffirmed with 5% EPS growth

Tariffs

Expects no net tariff or inflation impact for full year

Demand

Short-cycle demand improving with sequential acceleration

핵심 내용 3개 더 보기

Orders

Middle East order delays mostly recovered in April

Demand

Life science orders up double digits, momentum strong

M&A

M&A pipeline robust with 10 LOIs and 200 companies

보고 기간

보고 실적

지표	보고값	변화
매출	$1.8472B	-12% 전분기 대비
주당순이익(EPS)	$0.77	-20% 전분기 대비
매출총이익률	42.9%	보고값
영업이익률	15.68%	보고값
잉여현금흐름	$0.1634B	보고값
자본지출	$0.0363B	보고값

향후 전망

향후 가이던스

지표	기간	범위	중간값	상태
주당순이익(EPS)	FY2026	$3.45–$3.57	$3.51	유지
영업이익률	FY2026	$2.13B–$2.19B	$2.16B	유지
매출	FY2026	2.5%–4.5%	3.5%	유지

AI, 자본지출 및 수요 분석

경영진 분석

톤

Measured

Management acknowledged mixed conditions and tariff headwinds but emphasized stabilization, execution, and maintained guidance with a positive outlook.

외부 신호

공급망 알파 · 3발표 이후 수익률

Management states that ~75% of OEM (non-aftermarket) revenue is short-cycle, and ~40% of total revenue is aftermarket, implying a higher sensitivity to industrial production swings than the long-cycle project narrative suggests.

Vic Kinney

IR+11.2%ETN PH

근거

“roughly 40% of our revenue is aftermarket... On the whole goods side or the balance or the original equipment side, it's approximately 75% to 80%. 75% is probably a good proxy. It's more short-recycled in nature.”

The $40 million order delay in Q1 due to the Middle East conflict was concentrated in a few long-cycle projects that have already partially recovered, and the company expects no full-year revenue impact, indicating the conflict's impact on demand is transitory.

Vicente Rinal

IR+11.2%

근거

“This delay was primarily driven by the conflict in the Middle East. We believe that the impact is transitory, and we expect these orders to be recovered in the balance of 2026.”

The company is seeing a strong leading indicator from its European-based vacuum business, which is a short-cycle signal, and is generating 'payback of compressor to be anywhere into the one year' for customers due to high energy prices in Europe.

Vicente Rinal

IR+11.2%ATKR

근거

“We have our vacuum business that is based in Europe as a good leading indicator for upswings in manufacturing demand based on short cycle. And we're seeing that... saving upwards of $15,000 per month on a specific location at a customer, c…”

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