Ingersoll Rand posts Q3 beat, raises EPS guidance and adds $2 bn to share buyback
Ingersoll Rand reported third‑quarter 2026 results that beat expectations, posting adjusted EPS of $1.07 and revenue of about $2.06 billion. The board authorized an additional $2 billion of share repurchases and the company announced the acquisition of IVEK Corporation for $40 million of annual revenue. Management also lifted full‑year adjusted EPS guidance to a range of $3.58‑$3.70.
Why it matters
The higher EPS guidance suggests stronger earnings potential for the rest of 2026, which could support the stock price (the company expects). The expanded buyback program gives shareholders a direct return and may boost per‑share metrics (the board announced the $2 bn increase).
Key facts
- 1Adjusted EPS for Q3 2026 was $1.07, beating estimates by $0.17. seekingalpha.com
- 2Revenue for the quarter was $2.06 billion, exceeding forecasts. seekingalpha.com
- 3Orders totaled $2.35 billion, up 21% year‑over‑year. finance.yahoo.com
- 4Free cash flow for the quarter was $623 million. tradingview.com
- 5The board authorized an additional $2 billion of share repurchases. stocktitan.net
- 6Ingersoll Rand acquired IVEK Corporation, adding roughly $40 million of annual revenue. finance.yahoo.com
Open questions
- Revenue is reported as $2.06 billion in some sources (4) and $2.1 billion in others (8).
- Free cash flow is given as $623 million (3) and $461 million after excluding certain recoveries (8,11).
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.