Ingersoll Rand reports record second quarter orders, revenues
Ingersoll Rand Inc. reported record second quarter 2025 orders, revenues, and adjusted EBITDA.
“We delivered another strong quarter, with momentum reflected in our first half organic orders growth, robust book-to-bill ratio, and raised guidance on revenue, Adjusted EBITDA, and Adjusted EPS,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “Our M&A pipeline remains active and we are now more than halfway toward our annualized inorganic growth target. We remain confident that our Economic Growth Engine and IRX combined with our ownership mindset will continue to drive long-term value creation.”
Second Quarter 2025 Segment Review
(All comparisons against the second quarter of 2024 unless otherwise noted.)
Industrial Technologies and Services Segment (IT&S): Broad range of compressor, vacuum, blower, and air treatment solutions as well as industrial technologies including power tools and lifting equipment
- Reported Orders of $1,561 million, up 7%, or up 1% organic
- Reported Revenues of $1,492 million, up 2%, or down 4% organic 1
- Reported Segment Adjusted EBITDA of $427 million, down 2%
- Reported Segment Adjusted EBITDA Margin of 28.6%, down 110 basis points
- IT&S saw its second consecutive quarter of organic orders growth, with a book to bill of 1.05x, and a first half book to bill of 1.07x. Adjusted EBITDA margin was down year over year, driven largely by the flow-through on organic volume declines, the expected dilutive impact from recently acquired acquisitions, tariff pricing which offset tariff costs one-for-one, and continued commercial investments for growth.
Precision and Science Technologies Segment (P&ST): Mission-critical precision liquid, gas, air, and powderhandling technologies for life sciences and industrial applications as well as aerospace and defense applications
- Reported Orders of $379 million, up 13%, or down 5% organic
- Reported Revenues of $396 million, up 17%, or down 2% organic 1
- Reported Segment Adjusted EBITDA of $117 million, up 14%
- Reported Segment Adjusted EBITDA Margin of 29.5%, down 80 basis points
With a book to bill of 0.96x and a first half book to bill of 1.02x, P&ST orders finished largely in line with expectations. Organic order declines in the second quarter were driven by large, long-cycle orders in the second quarter of the prior year which did not repeat. Excluding the non-recurring prior year long-cycle orders, P&ST organic orders grew low-single-digits. Adjusted EBITDA margin continued to improve sequentially, up 40 basis points from the first quarter and up 190 basis points compared to the fourth quarter of 2024.
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