---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036005"
form_type: "8-K"
ticker: "IR"
cik: "0001699150"
company_name: "Ingersoll Rand Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:53:50.296892+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ingersoll Rand Q3 revenue up 15% to $1.74B; raises FY23 guidance across all metrics

## Summary
- Q3 revenue $1,739M (+15% total, +6% organic); net income $208M ($0.51 EPS); adjusted net income $316M ($0.77 EPS).
- Adjusted EBITDA $462M (+23%, margin 26.5%, up 170 bps); free cash flow $369M (+46%).
- Raises FY23 guidance: total revenue growth 14-16% (prev 12-14%); adj. EBITDA $1,730-1,770M; adj. EPS $2.81-2.89.
- Completed three acquisitions (Roots, Oxywise, Fraserwoods); deployed $308M in M&A in Q3.
- Refinanced $1.5B floating secured loans with unsecured bonds; net leverage 0.9x; liquidity $3.2B.

## SEC filing metadata
- accession: 0001628280-23-036005
- form_type: 8-K
- ticker: IR
- cik: 0001699150
- company_name: Ingersoll Rand Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699150/000162828023036005/0001628280-23-036005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699150/000162828023036005/iri-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036005
- JSON: https://secwatch.observer/filing/0001628280-23-036005.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036005.txt

## Key facts
- Earnings Releases
  Ingersoll Rand Inc. reported the quarter ended September 30, 2023 results: revenue $1,739 million, net income $208 million, EPS $0.51 per share. Guidance raised.
  - Period: the quarter ended September 30, 2023
  - Revenue: $1,739 million
  - Net income: $208 million
  - EPS: $0.51 per share
  - Guidance: raised
  - Result: reported results
  source text: Ingersoll Rand Reports Record Third Quarter 2023 Results Raises Total Company Guidance including Organic Revenue Growth Third Quarter 2023 Highlights (All comparisons against the third quarter of 2022 unless otherwise noted.) Strong performance driven by its competitive differentiator - Ingersoll Rand Execution Excellence (IRX): • Third quarter orders of $1,638 million, down 1%, or down 8% organic ◦ On a two-year stack, organic orders grew 6% • Reported third quarter revenues of $1,739 million, up 15%, or up 6% organic 1 • Reported net income attributable to Ingersoll Rand Inc. of $208 million, or earnings of $0.51 per share ◦ Adjusted net income from continuing operations, net of tax 1 of $316 million, or $0.77 per share • Adjusted EBITDA 1 of $462 million, up 23%, with a margin of 26.5%, up 170 basis points year over year, and incremental margin of 38% • Reported operating cash flow from continuing operations of $397 million and free cash flow from continuing operations 1 of $369 mil
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699150/000162828023036005/0001628280-23-036005-index.htm

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