secwatch.observer — SEC 8-K summary
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Issuer:     Ingersoll Rand Inc. (IR)
CIK:        0001699150
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001628280-23-015274
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699150/000162828023015274/0001628280-23-015274-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699150/000162828023015274/iri-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015274

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