---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-020034"
form_type: "8-K"
ticker: "IR"
cik: "0001699150"
company_name: "Ingersoll Rand Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:39:13.367840+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ingersoll Rand Q1 record revenue $1,670M; raises FY24 EBITDA, EPS guidance

## Summary
- Q1 revenue $1,670M (+3% reported, -1% organic); record adjusted EBITDA $459M (27.5% margin, +290bps YoY).
- Adjusted EPS $0.78; net income $202M ($0.50 GAAP EPS); free cash flow $99M down 33% YoY on capex timing.
- Orders $1,707M (-4% reported); backlog near high levels with book-to-bill 1.02x; two-year stack rev +24%.
- Board authorized $1B share repurchase increase; $143M deployed to M&A in Q1 (Controlled Fluidics, Ethafilter).
- Raising FY24 adjusted EBITDA guidance to $1,940-$2,000M (+9-12% YoY) and adjusted EPS to $3.20-$3.30.

## SEC filing metadata
- accession: 0001628280-24-020034
- form_type: 8-K
- ticker: IR
- cik: 0001699150
- company_name: Ingersoll Rand Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699150/000162828024020034/0001628280-24-020034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699150/000162828024020034/iri-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-020034
- JSON: https://secwatch.observer/filing/0001628280-24-020034.json
- Plain text: https://secwatch.observer/filing/0001628280-24-020034.txt

## Key facts
- Earnings Releases
  Ingersoll Rand Inc. reported the quarter ended March 31, 2024 results: revenue $1,670 million, net income $202 million, EPS $0.50 per share. Guidance raised.
  - Period: the quarter ended March 31, 2024
  - Revenue: $1,670 million
  - Net income: $202 million
  - EPS: $0.50 per share
  - Guidance: raised
  - Result: reported results
  source text: Excellence (IRX): • First quarter orders of $1,707 million, down 4%, or down 7% organic ◦ On a two-year stack, up 5%, or up 1% organic • Reported first quarter revenues of $1,670 million, up 3%, or down 1% organic 1 ◦ On a two-year stack, up 24%, or up 20% organic 1 • Reported net income attributable to Ingersoll Rand Inc. of $202 million, or earnings of $0.50
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699150/000162828024020034/0001628280-24-020034-index.htm

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