It was a successful Q1 for Ingersoll Rand as the company delivered an all-around beat with double-digit adjusted EBITDA and EPS growth with strong free cash flow generation. This was fuelled by their competitive differentiator, IRX, which allowed them to trend in high-growth markets and achieve sustainable revenue growth. They raised their 2023 full-year guidance based on their sublet Q1 performance. Their organic growth initiatives leveraged mega sustainability trends, digitization, and quality of life using their tool, DGX within IRX, to capture above-market growth. They launched several industries, such as a digital campaign focused on carbon capture system builders and integrators and a social media campaign tailored for small farms and agriculture that increased their marketing qualified leads by 96% for Dosatron dosing pumps. On their inorganic initiatives, Ingersoll Rand provided an integration update on Seepex, one of their more significant acquisitions, which expanded adjusted EBITDA margins by over 1,000 basis points in less than 15 months. Besides that, Ingersoll Rand acquired Paragon Tank Truck Equipment for approximately $40 million. With new acquisitions, they are focused on cost improvement and maintaining focus on growth, accelerating organic growth across three levers. We give Ingersoll Rand, Inc. a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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