The company said revenue for Q1 2024 was $1,670 million, Adjusted EBITDA was $459 million (margin of 27.5%), and net income attributable to Ingersoll Rand Inc. was $202 million ($0.50 per share).

1. 01

   The company said revenue for Q1 2024 was $1,670 million, Adjusted EBITDA was $459 million (margin of 27.5%), and net income attributable to Ingersoll Rand Inc. was $202 million ($0.50 per share).

2. 02

   Ingersoll Rand raised its full-year adjusted EBITDA outlook to $1,940M to $2,000M from $1,915M to $1,975M, and its adjusted EPS outlook to $3.20 to $3.30 from $3.14 to $3.24. The company said it maintained its full-year organic revenue growth outlook at 2% to 4%.

3. 03

   The company said operating cash flow for Q1 2024 was $162 million, capital expenditures were $62 million, and free cash flow was $99 million, down from $148 million in the prior-year period. It cited the timing of capital expenditures (about $40 million) and interest payments (about $20 million) on its recently issued bonds as factors behind the decline.

4. 04

   The company said it deployed $143 million on acquisitions in Q1 2024 and returned $81 million to shareholders through $73 million in share repurchases and $8 million in dividends. The Board also increased the share repurchase program by $1 billion, on top of the $750 million authorization already in place.

Analysis 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.

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.