Ingersoll Rand Q1 orders $1.78B (+9% YoY), raises FY23 guidance; adjusted EBITDA margin 24.6%

Ingersoll Rand Inc.

2023-Q1 EPS reported $0.39 revenue$1,629,300,000

Q1 orders $1,777M (+9% total, +8% organic); revenue $1,629M (+22% total, +20% organic).
Adjusted net income $267M ($0.65 EPS); adjusted EBITDA $400M (+32% YoY) with 24.6% margin (+190 bps YoY).
Raised FY23 guidance: organic revenue growth 6-8% (prev 3-5%), adj. EBITDA $1.66-1.71B, adj. EPS $2.64-2.74.
Operating cash flow $170M; FCF $148M (+359% YoY); net debt/adj. EBITDA leverage 1.1x.
Upsized RCF to $2.0B, extended to 2028; S&P upgraded to BBB-; spent $566M on M&A including SPX Flow Air Treatment.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ingersoll Rand Inc. reported the quarter ended March 31, 2023 results: revenue $1,629 million, net income $161 million, EPS $0.39 per share. Guidance raised.

Period: the quarter ended March 31, 2023
Revenue: $1,629 million
Net income: $161 million
EPS: $0.39 per share
Guidance: raised
Result: reported results

Exact text from the filing

differentiator - Ingersoll Rand Execution Excellence (IRX): • Reported first quarter orders of $1,777 million, up 9%, or 8% organic • Reported first quarter revenues of $1,629 million, up 22%, or 20% organic 1 • Reported net income attributable to Ingersoll Rand Inc. of $161 million, or earnings of $0.39 per share ◦ Adjusted net income from continuing

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Source: SEC EDGAR

accession 0001628280-23-015274

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