secwatch.observer — SEC 8-K summary
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Issuer:     Ingersoll Rand Inc. (IR)
CIK:        0001699150
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001628280-23-026779
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingersoll Rand reports record Q2 revenue of $1,687M, raises full-year guidance
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- Q2 revenue up 17% to $1,687M; adjusted EPS $0.68 vs $0.44 GAAP; adj EBITDA $425M, margin 25.2%, up 190 bps.
- Raises FY2023 organic revenue growth guidance to 8-10%, adjusted EBITDA to $1,690-$1,740M, adj EPS to $2.70-$2.80.
- Acquisition of Howden Roots LLC (low-pressure compression) announced, expected to close in Q3 2023.
- Operating cash flow from continuing ops $228M; free cash flow $204M, up 24%; net debt/adj EBITDA leverage 1.0x.
- Deployed $56M for share repurchases (~1M shares) and $8M in dividends during Q2; Fitch assigned BBB- issuer rating.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699150/000162828023026779/0001628280-23-026779-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699150/000162828023026779/iri-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-026779

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