secwatch.observer — SEC 8-K summary
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Issuer:     Ingersoll Rand Inc. (IR)
CIK:        0001699150
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001628280-24-033773
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingersoll Rand Q2 revenue $1.805B (+7%), adj EPS $0.83, raises full-year guidance
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- Q2 adjusted net income $341M ($0.83/share); reported net income $185M ($0.45/share).
- Adjusted EBITDA $495M (27.4% margin, +220bps YoY); free cash flow $283M (+39% YoY).
- Revenue guidance raised to 6-8% total growth; adj EBITDA now $2,010-2,060M, adj EPS $3.27-3.37.
- Closed ~$2.6B in M&A including ILC Dover; issued $3.3B investment-grade bonds, net debt/adj EBITDA 2.0x.
- IT&S segment rev $1.467B (+6%), P&ST rev $339M (+10%); organic orders down 1% due to China headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699150/000162828024033773/0001628280-24-033773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699150/000162828024033773/iri-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033773

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