AI English summary of an SEC filing — figures as filed
The company reported full-year 2023 reported revenues of $6,876 million, up 16% from 2022 and up 10% organically, and Adjusted EBITDA of $1,787 million, up 25% with a margin of 26.0%.
Key points
AI summaryThe company reported full-year 2023 reported revenues of $6,876 million, up 16% from 2022 and up 10% organically, and Adjusted EBITDA of $1,787 million, up 25% with a margin of 26.0%.
Ingersoll Rand said its reported net income attributable to Ingersoll Rand Inc. for Q4 2023 was $230 million, or $0.56 per share, and that Adjusted net income from continuing operations, net of tax, was $355 million, or $0.86 per share.
The company said it reported full-year 2023 operating cash flow from continuing operations of $1,377 million and free cash flow from continuing operations of $1,272 million, up 65%. It also said it returned $295 million to shareholders through share repurchases and dividends.
The company expects full-year 2024 revenue growth of 5% to 7%, Adjusted EBITDA of $1,915 to $1,975 million, up 7% to 11% over the prior year, and Adjusted EPS of $3.14 to $3.24, up 6% to 9% over the prior year.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
2023 Full-Year Revenue and Adjusted EBITDA
The company reported full-year 2023 reported revenues of $6,876 million, up 16% from 2022 and up 10% organically, and Adjusted EBITDA of $1,787 million, up 25% with a margin of 26.0%.
Source · Based on the filing body and exhibits
Q4 2023 Net Income and Adjusted Net Income
Ingersoll Rand said its reported net income attributable to Ingersoll Rand Inc. for Q4 2023 was $230 million, or $0.56 per share, and that Adjusted net income from continuing operations, net of tax, was $355 million, or $0.86 per share.
Source · Based on the filing body and exhibits
2023 Full-Year Operating and Free Cash Flow
The company said it reported full-year 2023 operating cash flow from continuing operations of $1,377 million and free cash flow from continuing operations of $1,272 million, up 65%. It also said it returned $295 million to shareholders through share repurchases and dividends.
Source · Based on the filing body and exhibits
2024 Full-Year Outlook
The company expects full-year 2024 revenue growth of 5% to 7%, Adjusted EBITDA of $1,915 to $1,975 million, up 7% to 11% over the prior year, and Adjusted EPS of $3.14 to $3.24, up 6% to 9% over the prior year.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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