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.