# Ingersoll Rand beats Q3 expectations as orders surge and lifts buyback authorization

> Strong industrial orders and cash generation supported higher full-year guidance, while tariff refunds amplified reported profitability.

Source page: https://stoqly.net/news/ingersoll-rand-q3-2026-orders-cash-flow-buyback-guidance

- **Published:** 2026-10-31T13:18:22+00:00
- **Section:** Quarterly results
- **Company:** Ingersoll Rand (IR), https://stoqly.net/companies/ir.md

Ingersoll Rand reported third-quarter 2026 revenue of **$2.065 billion**, up **6%** from a year earlier, while reported orders rose **21% to $2.345 billion**. Adjusted EPS was **$1.07**, up **24%**, and adjusted EBITDA increased **7% to $584 million**.

**Beat and guidance** The quarter exceeded published pre-earnings estimates of about **$2.04 billion** in revenue and **$0.89** in adjusted EPS. Ingersoll Rand maintained its updated 2026 revenue-growth outlook at **5.5%–7.0%** and guided to adjusted EPS of **$3.58–$3.70**, excluding the third-quarter tariff refund.

Operating cash flow was **$648 million**, compared with **$355 million** in the prior-year quarter, and free cash flow was **$623 million** versus **$326 million**. The release said the comparison benefited from reported items including IEEPA tariff refunds; excluding those refunds, adjusted EBITDA was **$552 million**, up **1%**, with a **26.7%** margin.

Liquidity stood at **$3.9 billion** at September 30, including **$1.3 billion** of cash and **$2.6 billion** of undrawn credit capacity. Net debt to adjusted EBITDA was **1.6 times**, down **0.2 times** from the prior-year quarter, indicating lower leverage on the company’s stated measure.

The board authorized an additional **$2 billion** for share repurchases, on top of **$313 million** remaining under the previous authorization. In the quarter, the company returned about **$358 million** to shareholders and spent **$90 million** on acquisitions, including Lone Star Blower.

**What matters next** Management expects 100% or more free-cash-flow conversion of adjusted net income for 2026 including ILC Dover-related recoveries; excluding those recoveries, it expects conversion of about **95%**. Investors will need to separate recurring operating performance from the one-off recovery and tariff-related effects when assessing the outlook.

- [Ingersoll Rand Q3 2026 results (SEC Exhibit 99.1)](https://www.sec.gov/Archives/edgar/data/1699150/000162828026068260/ir2026q3ex991.htm)
- [Ingersoll Rand Q3 consensus preview (Zacks)](https://www.zacks.com/stock/news/3017366/ingersoll-rand-gears-up-to-report-q3-earnings-whats-in-the-offing)

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Written by Stoqly from SEC filings and market data. For information only — not investment advice or a recommendation to buy, sell or hold any security.