Air compressor maker Ingersoll Rand beats quarterly estimates on strong demand

Feb 12 (Reuters) - Ingersoll Rand IR.N beat fourth-quarter profit estimates on Thursday, driven by sustained industrial demand for its products such as air compressors, vacuums and blowers.

The North Carolina-based company's shares were up 3.7% in extended trading.

An advancing non-residential construction market in the United States has bolstered demand for Ingersoll's products, as the company navigates cost pressures stemming from tariffs by implementing higher pricing.

The company's industrial unit, which makes air compressors and other specialized industrial products used in various manufacturing industries, reported a 9% rise in orders for the fourth quarter.

However, the segment's adjusted core profit margin fell 140 basis points to 28.9%, hurt by tariff pressures and increased commercial investments.

U.S. President Donald Trump's tariffs on imports of raw materials, such as steel and aluminum, have prompted businesses to reconsider their strategies, adding pressure to an already-strained supply chain.

Ingersoll forecast 2026 adjusted profit per share of $3.45 to $3.57, its midpoint falling short of analysts' estimates of $3.56, according to data compiled by LSEG.

It reported a quarterly adjusted profit of 96 cents per share, ahead of estimates of 90 cents per share.

Revenue for the fourth quarter rose about 10% year-on-year to $2.1 billion.