Company: IR
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001628280-25-037049
Chunk: 25

Company: Ingersoll Rand Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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ITEM 1.    FINANCIAL STATEMENTS

INGERSOLL RAND INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited; in millions, except per share amounts)

For the Three Month Period Ended June 30,For the Six Month Period Ended June 30,2025202420252024Revenues$1,887.9 $1,805.3 $3,604.7 $3,475.4 Cost of sales1,063.0 1,012.0 2,014.3 1,935.8 Gross Profit824.9 793.3 1,590.4 1,539.6 Selling and administrative expenses371.2 342.1 721.2 678.4 Amortization of intangible assets91.6 91.2 182.9 182.8 Impairment of goodwill229.7 — 229.7 — Impairment of other intangible assets36.1 — 36.1 — Other operating expense, net19.9 88.2 41.6 113.4 Operating Income76.4 271.8 378.9 565.0 Interest expense62.7 50.8 123.9 87.6 Loss on extinguishment of debt— 3.0 — 3.0 Other income, net(14.4)(18.1)(26.2)(31.3)Income Before Income Taxes28.1 236.1 281.2 505.7 Provision for income taxes21.0 46.1 79.5 100.5 Loss on equity method investments(120.9)(3.5)(127.1)(14.2)Net Income (Loss)(113.8)186.5 74.6 391.0 Less: Net income attributable to noncontrolling interests1.5 1.5 3.4 3.8 Net Income (Loss) Attributable to Ingersoll Rand Inc.$(115.3)$185.0 $71.2 $387.2 Basic earnings (loss) per share(0.29)0.46 0.18 0.96 Diluted earnings (loss) per share(0.