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Ingersoll Rand raises annual profit forecast on steady industrial demand
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Ingersoll Rand raises annual profit forecast on steady industrial demand
Jul 31, 2025 3:38 PM

July 31 (Reuters) - Air compressor maker Ingersoll Rand ( IR )

raised its annual profit forecast on Thursday, betting on

resilient demand for its air compressors and other industrial

equipment.

The company now expects its full-year adjusted earnings per

share between $3.34 and $3.46 per share, up from its prior

forecast of $3.28 to $3.40 per share.

The company's industrial unit - which produces air

compressors, air treatment solutions, power tools and lifting

equipment - benefited from higher orders in the second quarter.

Peers in the industrial sector have also flagged similar

strength. Last week, Dover raised its annual profit

outlook, citing strong demand across aerospace, defense, and

data center markets.

Ingersoll Rand ( IR ) reported an adjusted second-quarter profit of

80 cents per share, in line with analysts' expectations,

according to LSEG data.

Revenue rose 4.6% at $1.88 billion in the quarter ended June

30, beating estimates of $1.84 billion.

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