$IR · Ingersoll Rand Inc.
Ingersoll Rand reported Q3 FY2026 results: revenue of $2.065B (+6% reported, +4% organic), adjusted EPS of $1.07 (+24% YoY), and organic orders growth of 18%. The company announced a $2B increase to its share repurchase authorization and disclosed $425.1M in total ILC Dover insurance settlements, with $162.5M collected in Q3 and the remainder expected in Q4.
- Adjusted EPS of $1.07, up 24% YoY; excluding IEEPA tariff refunds, $1.01, up 17%
- Reported orders of $2.345B, up 21% (18% organic), including a ~$195M engineered-to-order infrastructure order
- Revenue of $2.065B, up 6% reported / 4% organic; IT&S book-to-bill of 1.17x
- Board authorized a $2B increase to share repurchase program, incremental to $313M remaining
- ILC Dover insurance settlements reached $425.1M in gross recoveries; $162.5M collected in Q3, remainder expected Q4
Extended-hours trading at $81.51, +2.04% vs regular close of $79.88. The combination of an 18% organic orders surge, a $2B buyback authorization increase, and $425M in ILC Dover settlement recoveries is driving after-hours buying on a $31B market cap name.
The 18% organic orders surge, $2B buyback authorization increase, and $425M ILC Dover settlement recovery represent three simultaneous positive catalysts that few industrial peers are delivering in a single quarter.
Strong industrial demand signals with 18% organic order growth and a 1.17x book-to-bill in IT&S contrast with peers facing mixed end-market conditions. The $195M large-scale infrastructure order suggests accelerating long-cycle project activity.
IEEPA tariff refunds inflated Q3 results — adjusted EBITDA margin excluding refunds was 26.7%, down from prior year. IT&S segment margin excluding refunds fell 120 bps YoY due to inflationary pressures. Full-year organic growth guidance of +2% to +3.5% implies Q4 deceleration.