IR Latest Report

Financial Performance

Ingersoll-Rand's total operating revenue reached $1.899 billion as of December 31, 2024, up 4.26% from $1.821 billion as of December 31, 2023. This growth reflects the company's improvement in market demand stability and sales capacity. Ingersoll-Rand's revenue growth is attributed to the growth in market demand, optimization of product portfolio, cost control, and improvement in the macroeconomic environment.

Key Financial Data

1. Total Operating Revenue: $1.899 billion in 2024, $1.821 billion in 2023, up 4.26%

2. Cost of Sales: $1.083 billion in 2024, $1.040 billion in 2023, with a lower growth rate than revenue

3. R&D Expenses: R&D expenses reached RMB53 million in 1-9M 2024, with a R&D expense ratio of 6.24%

4. New Product Launch: Plans to launch multiple new products in 2024 to drive revenue growth

5. Market Share: A low single-digit growth in compressor orders in Q3 2024 indicates a rebound in market share

Peer Comparison

1. Industry-wide Analysis: In the face of supply chain issues and cost pressures, Ingersoll-Rand's revenue growth indicates its strong competitiveness in the industry. Compared with many peers, its ability to achieve revenue growth in adverse conditions demonstrates its solid market position.

2. Peer Review Analysis: Ingersoll-Rand's 4.26% revenue growth rate in the context of overall industry growth weakness shows its relatively strong market performance, indicating its advantages in operational efficiency and customer base.

Summary

Ingersoll-Rand achieved steady revenue growth in 2024, mainly due to the improvement in market demand and product innovation. The company's continuous investment in R&D and product portfolio enhances its market competitiveness. In addition, the global economic recovery provides a favorable external environment. However, macroeconomic uncertainties may affect future revenue.

Opportunities

1. New Product Development: Launching high-precision torque control tools and efficient gas-liquid mixing pumps, etc., helps expand the market.

2. Market Share Recovery: The rebound trend in compressor orders indicates the recovery of market share, further driving revenue growth.

3. R&D Investment: Continuous R&D investment may bring more competitive products and strengthen market position.

Risks

1. Macroeconomic Instability: Global economic and financial market instability may lead to a decrease in customer demand, affecting revenue.

2. Supply Chain Issues: Industry supply chain challenges may affect production and delivery capabilities.

3. Intensified Competition: The performance of competitors in the industry may put pressure on market share, requiring vigilance in the fierce competition within the industry.