Company: IR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021883
Chunk: 3

Company: Ingersoll Rand Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 2
Chunk 3
---
 operating and financial results and liquidity.

Adjusted EBITDA, Adjusted Net Income and Free Cash Flow should not be considered as alternatives to net income (loss) or any other performance measure derived in accordance with GAAP, or as alternatives to cash flow from operating activities as a measure of our liquidity. Adjusted EBITDA, Adjusted Net Income and Free Cash Flow have limitations as analytical tools, and you should not consider such measures either in isolation or as substitutes for analyzing our results as reported under GAAP.

See “Non-GAAP Financial Measures” below for reconciliation information.

Results of Operations

Consolidated results should be read in conjunction with the segment results section herein and Note 19 “Segment Reporting” to our unaudited condensed consolidated financial statements included elsewhere in this Form 10-Q, which provides more detailed discussions concerning certain components of our Condensed Consolidated Statements of Operations. All intercompany accounts and transactions have been eliminated within the consolidated results. The following table presents selected Condensed Consolidated Results of Operations of our business for the three month periods ended March 31, 2025 and 2024.

35

For the Three Month Period Ended March 31,20252024Condensed Consolidated Statement of Operations:Revenues$1,716.8 $1,670.1 Cost of sales951.3 923.8 Gross profit765.5 746.3 Selling and administrative expenses350.0 336.3 Amortization of intangible assets91.3 91.6 Other operating expense, net21.7 25.2 Operating income302.5 293.2 Interest expense61.2 36.8 Other income, net(11.8)(13.2)Income before income taxes253.1 269.6 Provision for income taxes58.5 54.4 Loss on equity method investments(6.2)(10.7)Net income188.4 204.5 Less: Net income attributable to noncontrolling interests1.9 2.3 Net income attributable to Ingersoll Rand Inc.$186.5 $202.2 Percentage of Revenues:Gross profit44.6 %44.7 %Selling and administrative expenses20.4 %20.1 %Operating income17.6 %17.6 %Net income11.0 %12.2 %Adjusted EBITDA26.8 %