Air compressor maker Ingersoll Rand sees strong 2026 profit on higher pricing

Ingersoll Rand

30/07/2026 23:10

July 30 (Reuters) - Ingersoll Rand IR.N forecast 2026 adjusted profit above analysts' estimates on Thursday, helped by higher pricing for its industrial products and precision technologies. 
The air compressor maker has been adjusting pricing to mitigate the impact of rising costs due to the Iran war, as well as the U.S. administration's tariff policy.  

Here are some details: 
Quarterly sales in its industrial technologies and services segment, which makes compressor, vacuum, blower, and air treatment solutions, grew 9% to $1.62 billion. 
However, reported orders in that segment remained flat in the second quarter on an organic basis.
Shares of the company were down ~1% in extended trading.
Ingersoll said the weak order environment in the segment, which is the largest by revenue, reflected delays in some large European blower and vacuum orders and "ongoing impact from the Middle East" 
Ingersoll has faced rising prices of oil derivatives and oil driven products, such as lubricants and plastics, after conflict in Iran put a strain on global oil supplies
The Davidson, North Carolina-based company reported a quarterly adjusted profit of 86 cents per share, ahead of LSEG-compiled analysts' estimates of 83 cents per share. 
It expects 2026 adjusted profit per share in the range of $3.45 to $3.57, the midpoint of which is above estimates of $3.50. 

 (Reporting by Aishwarya Jain in Bengaluru; Editing by Shailesh Kuber)
 ((Aishwarya.Jain@thomsonreuters.com;))