Ingersoll Rand 8-K

PositiveEarningsGuidance raised

Americas Commercial HVAC strength drives record backlog and higher FY2026 revenue and EPS guidance, despite operating margin contraction.

Filed 2026-07-30 06:00 ET

Summary

Q2 2026 results with raised FY2026 revenue and EPS guidance. Revenue, bookings and backlog grew, led by Americas Commercial HVAC, while operating margins contracted. The company cited continued strength in commercial HVAC and improving residential and transport trends as support for its second-half momentum.

Key Figures

Metric Q2 2026 Q2 2025 Y/Y
Net revenue $6.35B $5.75B 11%
GAAP operating income $1.22B $1.16B 5%
Continuing earnings attributable to ordinary shareholders $935M $872M 7%
Diluted continuing EPS, GAAP $4.20 $3.87 9%
Diluted continuing EPS, non-GAAP adjusted $4.31 $3.88 11%
  • Organic revenue grew 9%. Bookings were $7.82B, up 39% (37% organic); book-to-bill was 123%. Backlog reached a record $12.1B, up 70%, with Americas Commercial HVAC bookings up 50%.
  • GAAP operating margin fell 100 bp to 19.3%; adjusted operating margin, a non-GAAP measure, fell 60 bp to 19.7%.
  • H1 continuing operating cash flow was $1.73B vs $1.04B; non-GAAP FCF was $1.60B vs $841M. H1 share repurchases were $756M vs $880M; diluted weighted-average shares were 222.5M vs 225.1M. June 30 cash was $1.32B and debt was $4.62B.

Guidance

Metric Period Guidance Prior Direction
Revenue growth, reported and organic FY2026 ≈11.5% reported; ≈9% organic — Raised
Continuing EPS, GAAP FY2026 ≈$15.00-$15.10, including $0.20 of non-GAAP adjustments — Raised
Continuing EPS, non-GAAP adjusted FY2026 $15.20-$15.30 — Raised

Investor Takeaways

  • FY2026 reported and organic revenue growth and continuing EPS versus the raised guidance ranges will test the company’s second-half outlook.
  • Watch whether record backlog and bookings convert into revenue while operating margins recover from their Q2 declines.

The summary is written by an AI model reading the filing.

Model 005 · prompt 01d34d48e3

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