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DAVIDSON, N.C. - Ingersoll Rand Inc. (NYSE:IR) reported fourth-quarter earnings that narrowly missed analyst estimates, but the company's stock edged up 0.5% as investors focused on its positive outlook for 2025.
The industrial equipment manufacturer posted adjusted earnings per share of $0.84 for the fourth quarter, falling short of the $0.85 consensus estimate. Revenue came in at $1.9 billion, slightly below analysts' expectations of $1.93 billion. However, revenue was up 4% compared to the same quarter last year.
For the full year 2025, Ingersoll-Rand provided guidance for adjusted earnings per share of $3.38 to $3.50, straddling the consensus estimate of $3.46. The company expects revenue growth of 3% to 5% for the year.
"I am proud of our global team's strong execution and performance, driven by IRX, as we delivered double-digit earnings growth and strong free cash flow margin in 2024," said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand.
The company's Industrial Technologies and Services segment reported flat revenue of $1.51 billion for the quarter, while the Precision and Science Technologies segment saw revenue increase 24% to $388 million.
Ingersoll-Rand generated $526 million in cash flow from operating activities during the quarter and $491 million in free cash flow. The company also deployed $200 million for acquisitions in the fourth quarter, continuing its focus on inorganic growth.
Despite the slight earnings miss, investors appeared to react positively to Ingersoll-Rand's outlook and operational guidance for 2025, as reflected in the modest stock price increase following the earnings release.
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