By Connor Hart
Ingersoll Rand logged higher revenue in the fourth quarter, boosted by its precision and science technologies unit.
The Davidson, N.C., supplier of pumps and other industrial products on Thursday reported a profit of $229.8 million, flat from a year earlier. On a per-share basis, earnings came in at 57 cents, up by a penny year-over-year.
Adjusted per-share earnings came in at 84 cents, in line with analyst forecasts, according to FactSet.
Revenue rose to $1.9 billion from $1.82 billion. Analysts were looking for $1.91 billion.
The company's industrial technologies and services segment--which provides compressor, vacuum, blower and air-treatment solutions--notched sales of $1.51 billion, flat from last year. Revenue across its precision and science technologies unit; which provides precision liquid, gas, air and powder-handling technologies for a range of industries; jumped 24% to $388 million.
Chief Executive Vicente Reynal said the company is poised for a strong year of merger-and-acquisition activity in 2025. "In what continues to be a dynamic global market environment, we remain nimble and focused as we continue to deliver financial durability by meeting our long-term commitments," he said.
For 2025, Ingersoll guided for adjusted per-share earnings of $3.38 to $3.50, bracketing the $3.45 that analysts forecast. It said it expects revenue to grow 3% to 5% from last year. Analysts expect revenue of $7.56 billion, representing a 4.5% year-over-year increase.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 13, 2025 17:47 ET (22:47 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.