Shares of Ingersoll Rand Inc. (NYSE:IR) tumbled 5.52% in after-hours trading on Thursday following the release of its first-quarter 2025 earnings report, which fell short of analyst expectations. The industrial manufacturing company's results revealed challenges in maintaining growth momentum amid a competitive market landscape.
Ingersoll Rand reported quarterly earnings of $0.72 per share, missing the analyst consensus estimate of $0.73 by 1.37%. This represents a 7.69% decrease from earnings of $0.78 per share in the same period last year. The company's quarterly sales came in at $1.72 billion, slightly below the analyst consensus estimate of $1.73 billion by 0.55%. Despite the miss, this still marks a 2.81% increase over sales of $1.67 billion from the same quarter in the previous year.
The company's financial details for the quarter included a gross profit of $765.5 million, operating income of $302.5 million, and net income of $188.4 million. Ingersoll Rand also reported adjusted EBITDA of $460 million for the quarter. Looking ahead, the company provided a cautious outlook for the full year, projecting adjusted EPS to be approximately flat to up 3% year-over-year. This conservative guidance, combined with the earnings miss, likely contributed to the sharp after-hours decline in the stock price as investors reassess the company's growth prospects in the current economic environment.
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