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Air compressor maker Ingersoll Rand sees strong 2026 profit on higher pricing
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Air compressor maker Ingersoll Rand sees strong 2026 profit on higher pricing
Jul 30, 2026 3:23 PM

July 30 (Reuters) - Ingersoll Rand ( IR ) forecast 2026

adjusted profit above analysts' estimates on Thursday, helped by

higher pricing for its industrial products and precision

technologies.

The air compressor maker has been adjusting pricing to

mitigate the impact of rising costs due to the Iran war, as well

as the U.S. administration's tariff policy.

Here are some details:

* Quarterly sales in its industrial technologies and

services segment, which makes compressor, vacuum, blower, and

air treatment solutions, grew 9% to $1.62 billion.

* However, reported orders in that segment remained flat in

the second quarter on an organic basis.

* Shares of the company were down ~1% in extended trading.

* Ingersoll said the weak order environment in the segment,

which is the largest by revenue, reflected delays in some large

European blower and vacuum orders and "ongoing impact from the

Middle East"

* Ingersoll has faced rising prices of oil derivatives and

oil driven products, such as lubricants and plastics, after

conflict in Iran put a strain on global oil supplies

* The Davidson, North Carolina-based company reported a

quarterly adjusted profit of 86 cents per share, ahead of

LSEG-compiled analysts' estimates of 83 cents per share.

* It expects 2026 adjusted profit per share in the range of

$3.45 to $3.57, the midpoint of which is above estimates of

$3.50.

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