Air compressor maker Ingersoll Rand forecasts weak annual profit amid tariff pressures

Ingersoll Rand

28/04/2026 23:08

April 28 (Reuters) - Ingersoll Rand IR.N forecast full-year profit below estimates on Tuesday, as tariff pressures coupled with rising costs continue to weigh on the air compressor maker's profitability.

U.S. President Donald Trump's import tariffs on key raw materials such as steel and aluminum have prompted businesses to reconsider strategies, adding pressure to an already-strained supply chain.

Shares of the company were down 1.1% in extended trading.

While IEEPA tariffs were overturned by a Supreme Court ruling, the imposition of Section 232 tariffs, which extend to steel, aluminum, copper, automobiles and auto parts, among others, continues to weigh on manufacturers.

Ingersoll Rand expects full-year adjusted earnings per share between $3.45 and $3.57, the midpoint of which is slightly below analysts' estimates of $3.52 per share, according to data compiled by LSEG.

The Davidson, North Carolina-based company reported a first-quarter adjusted profit of 77 cents per share, ahead of estimates of 74 cents per share, according to data compiled by LSEG.

Ingersoll Rand's adjusted core profit margin fell to 25.4% during the quarter from 26.8% a year earlier.

Revenue for the first quarter rose to $1.85 billion, compared with $1.72 billion a year earlier.

(Reporting by Aishwarya Jain and Parth Chandna in Bengaluru)

((Aishwarya.Jain@thomsonreuters.com;))