Ingersoll Rand Inc. reported record results for both the fourth quarter and the full-year 2024 on February 13, 2025. For Q4 2024, the company's sales were $1.90 billion, representing a 4.2% increase year-over-year, meeting Wall Street's revenue expectations. Non-GAAP profit for the quarter was $0.84 per share, aligning with analysts' consensus estimates.
The company achieved a full-year Adjusted EBITDA margin of 27.9% in 2024, marking a record for the company. Management provided full-year 2025 guidance, projecting total revenue growth of 3% to 5%, with organic growth expected to be 1% to 3%, primarily driven by pricing. Adjusted EBITDA is forecasted to be between $2.13 billion and $2.19 billion, and Adjusted EPS is anticipated to be $3.38 to $3.50, representing approximately a 5% increase at the midpoint.
In a move to enhance shareholder value, Ingersoll Rand's Board authorized an additional $1 billion in share repurchases, increasing the total authorization to $2 billion. The company aims to execute up to $750 million of these repurchases by the end of 2025, demonstrating a commitment to returning capital to shareholders.
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