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Ingersoll Rand's (IR) second-quarter 2024 adjusted earnings of 83 cents per share increase 22.1% year over year.

The headline numbers for Ingersoll (IR) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Ingersoll Rand (IR) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.68 per share a year ago.

Raises Guidance for Total Company Revenue, Adjusted EBITDA, and Adjusted EPS Second Quarter 2024 Highlights (All comparisons against the second quarter of 2023 unless otherwise noted.) Strong performance driven by its competitive differentiator - Ingersoll Rand Execution Excellence (IRX): Second quarter orders of $1,799 million, up 4%, or down 1% organic On a two-year stack, up 12%, or up 3% organic Reported second quarter revenues of $1,805 million, up 7%, or up 1% organic1 On a two-year stack, up 24%, or up 13% organic1 Reported net income attributable to Ingersoll Rand Inc. of $185 million, or earnings of $0.45 per share Adjusted net income1 of $341 million, or $0.83 per share Adjusted EBITDA1 of $495 million, up 16%, with a margin of 27.4%, up 220 basis points year over year Gross Margin improvement of 250 basis points Reported operating cash flow of $305 million and free cash flow1 of $283 million, up 39% Liquidity of $3.7 billion as of June 30, 2024, including $1.1 billion of cash on hand and undrawn capacity of $2.6 billion under available credit facilities Backlog remains near historically high levels, up 3% with a book to bill of 1.0x for the second quarter and a book to bill of 1.01x for the first half of 2024 Raising 2024 Guidance Raising total revenue growth guidance to a range of 6% to 8% for the full year Raising Adjusted EBITDA1 guidance to a range of $2,010 to $2,060 million, up 12% to 15% over prior year Raising full-year 2024 Adjusted EPS1 guidance to a range of $3.27 to $3.37, up 10% to 14% over prior year DAVIDSON, N.C.

Investors looking for stocks in the Manufacturing - General Industrial sector might want to consider either Gorman-Rupp (GRC) or Ingersoll Rand (IR). But which of these two stocks presents investors with the better value opportunity right now?

Beyond analysts' top -and-bottom-line estimates for Ingersoll (IR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

DAVIDSON, N.C., July 26, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, declared today a regular quarterly cash dividend of $0.02 (two cents) per share of common stock payable on September 5, 2024, to stockholders of record on August 15, 2024.

Ingersoll (IR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Zacks Manufacturing - General Industrial industry benefits from strength across prominent end-markets and improving supply-chain conditions. IR, DOV, AIT and FLS are some promising stocks in the industry.

Ingersoll (IR) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Ingersoll (IR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.