---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015274"
form_type: "8-K"
ticker: "IR"
cik: "0001699150"
company_name: "Ingersoll Rand Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:16:38.747837+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-015274
- form_type: 8-K
- ticker: IR
- cik: 0001699150
- company_name: Ingersoll Rand Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699150/000162828023015274/0001628280-23-015274-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699150/000162828023015274/iri-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015274
- JSON: https://secwatch.observer/filing/0001628280-23-015274.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015274.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699150/000162828023015274/0001628280-23-015274-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.