secwatch.observer — SEC 8-K summary
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Issuer:     Ingersoll Rand Inc. (IR)
CIK:        0001699150
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001628280-23-036005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699150/000162828023036005/0001628280-23-036005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699150/000162828023036005/iri-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-036005

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