Ingersoll Rand Q4 revenue $1.82B, adj. EPS $0.86; guides FY2024 adj. EBITDA $1.915-$1.975B

Ingersoll Rand Inc.

2023-FY EPS reported $1.90 revenue$6,876,100,000

Q4 reported revenue $1,821M (+12% YoY), adj. net income $355M ($0.86 EPS); full-year revenue $6,876M (+16%), adj. net income $1,216M ($2.96 EPS).
Q4 adj. EBITDA $501M (27.5% margin, +160bps); full-year adj. EBITDA $1,787M (26.0% margin, +170bps).
FY2024 guidance: revenue growth 5-7% (organic 2-4%), adj. EBITDA $1,915-$1,975M (+7-11%), adj. EPS $3.14-$3.24.
Industrial Technologies: Q4 orders +16% (organic +5%), margin 30.0% (+260bps). Precision & Science: orders flat (organic -2%), margin 30.1% flat.
Q4 free cash flow $552M (+72%); closed Friulair acquisition; returned $138M via buybacks and dividends.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ingersoll Rand Inc. updated its the full year and quarter ended December 31, 2023 guidance (initiated).

Period: the full year and quarter ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On February 15, 2024, Ingersoll Rand Inc. (“Ingersoll Rand”) issued a press release announcing financial results for the full year and quarter ended December 31, 2023.

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Ingersoll Rand Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-005078

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