Q2 2025 Ingersoll Rand Inc Earnings Call Transcript
Key Points
- Ingersoll Rand Inc (IR) raised its full-year guidance on revenue, adjusted EBITDA, and adjusted EPS due to a strong start in the first half of the year.
- The company achieved a book-to-bill ratio of 1.06 times and increased its total backlog by 60% since the end of 2024.
- Ingersoll Rand Inc (IR) continues to lead in sustainability, ranking number one in North America and globally in its industry on the Dow Jones best-in-class indices.
- The company completed 11 transactions this year, adding over $200 million in annualized revenue at a 9.5 times pre-synergy EBITDA multiple.
- Ingersoll Rand Inc (IR) has a strong balance sheet with total company liquidity of $3.9 billion, providing flexibility for future value creation opportunities.
- The company recorded a non-cash goodwill and asset impairment related to its High Pressure Solutions business and ILC Dover, impacting its financials.
- Adjusted EBITDA margin declined year-over-year due to flow-through on organic volume declines and the dilutive impact from recently acquired businesses.
- Organic order growth in the PST segment was down 5%, attributed to the absence of large long-cycle orders from the previous year.
- Free cash flow for the second quarter was down year-over-year due to the timing of bond interest payments.
- The company remains cautious about the macro environment, highlighting uncertainties related to tariffs and their impact on customer decision-making.
Hello and welcome to the Ingersoll Rand second-quarter 2025 earnings call.
(Operator Instructions) I would now like to turn the conference over to Matthew Fort, Vice President, Investor Relations.
You may begin.
Thank you and welcome to the Ingersoll Rand 2025 second-quarter 2025 earnings call.
I'm Matthew Fort, Vice President of Investor Relations. And joining me this morning are Vicente Reynal, Chairman and CEO; and Vik Kini, Chief Financial Officer.
We issued our earnings release and presentation yesterday afternoon, and we will reference these during the call. Both are available on the Investor Relations section of our website. In addition, a replay of this conference call will be available later today.
Before we start, I want to remind everyone that certain statements on this call are forward-looking in nature and are subject to the risks and uncertainties discussed in our previous SEC files, which you should read in conjunction with the
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