secwatch.observer — SEC 8-K summary
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Issuer:     Ingersoll Rand Inc. (IR)
CIK:        0001699150
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001628280-24-020034
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699150/000162828024020034/0001628280-24-020034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699150/000162828024020034/iri-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-020034

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