Earnings call transcript: Ingersoll Rand tops Q3 2026 estimates and lifts EPS outlook

Ingersoll Rand exceeded Wall Street's third-quarter expectations, reporting adjusted earnings of $1.07 per share on revenue of $2.34 billion for the quarter ended September 30, surpassing analysts' estimates of $0.90 per share and $2.05 billion in sales. The company also announced a full-year adjusted EPS outlook of $3.58 to $3.70, raising expectations of stronger profitability despite China pricing pressure and inflation.

Orders increased by 21% year-over-year, with a book-to-bill ratio of 1.14x. Adjusted EPS beat expectations by 18.9% with $1.07 per share, while revenue topped forecasts by 14.1%. The company highlighted strong performance across both Intelligent Thermal Solutions and Precision and Science Technologies businesses, with broad-based demand across various industries, including food, beverage, biopharma, power generation, wastewater, and nuclear.

Excluding tariff refunds, adjusted EBITDA was $552 million, up 1% year-over-year, with a margin of 26.7%.