Ingersoll Rand said revenues for the 3 months ended March 31, 2025 were $1,716.8 million, an increase of 2.8% compared to $1,670.1 million in the same period in the prior year. The company said acquisitions contributed $139.5 million and higher pricing contributed $23.8 million, partially offset by lower organic volumes of $88.9 million and the impact of foreign currencies of $27.7 million.

1. 01

   Ingersoll Rand said revenues for the 3 months ended March 31, 2025 were $1,716.8 million, an increase of 2.8% compared to $1,670.1 million in the same period in the prior year. The company said acquisitions contributed $139.5 million and higher pricing contributed $23.8 million, partially offset by lower organic volumes of $88.9 million and the impact of foreign currencies of $27.7 million.

2. 02

   The company said net income for the 3 months decreased to $188.4 million from $204.5 million in the same period in the prior year, while Adjusted EBITDA increased $459.7 million to $1.2 million. Adjusted EBITDA margin was 26.8%, down 70 basis points, and the company cited higher interest expense, higher selling and administrative expenses, and higher provision for income taxes as factors in the net income decrease.

3. 03

   Ingersoll Rand said interest expense for the 3 months was $61.2 million, an increase of $24.4 million compared to $36.8 million in the same period in the prior year. The company cited an increase in long-term debt primarily used to fund the ILC Dover acquisition as the factor, and said the weighted average interest rate was approximately 5.0% compared to 5.3% in the same period in the prior year.

4. 04

   The company said cash flows from operating activities for the 3 months were $256.4 million, an increase of $94.8 million compared to $161.6 million in the same period in the prior year, and Free Cash Flow increased $123.4 million to $222.7 million. Ingersoll Rand said capital expenditures were $33.7 million, lower than $62.3 million in the same period in the prior year.

Key figures

Quarter ended March 31, 2025

Revenue

$1.7B

Operating income

$303M

Net income

$187M

EPS

$0.46

Gross profit

$766M

Operating cash flow

$256M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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