Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
A legal recovery, not machines, doubled operating profit
Warranty-breach gains from the ILC Dover deal supplied 45.4% of operating income, so the quarter's 37.9% margin is not a run rate.
For investorsWhat is the profit worth once the one-offs are set aside?
For foundersBuilding a business where the first sale is only the start
A valuation allowance release and a nontaxable settlement cut the tax rate from 23.0%, so net income nearly tripled.
Organic orders rose 22.1% on large engineered-to-order projects, including a data center entry the filing says is priced below normal margin.
Acquisition amortization cuts profit without using cash, and assembling machines needs little plant, so cash has exceeded earnings every year.
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Business Lens describes Ingersoll Rand from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.