Company: IR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021883
Chunk: 18

Company: Ingersoll Rand Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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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 March 31,20252024Revenues$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 Basic earnings per share0.46 0.50 Diluted earnings per share0.46 0.50 

The accompanying notes are an integral part of these condensed consolidated financial statements.

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INGERSOLL RAND INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited; in millions)

For the Three Month Period Ended March 31,20252024Comprehensive Income Attributable to Ingersoll Rand Inc.Net income attributable to Ingersoll Rand Inc.$186.5 $202.2 Other comprehensive income (loss), net of tax:Foreign currency translation adjustments, net123.7 (73.5)Unrecognized loss on cash flow hedges(3.1)(0.1)Pension and other postretirement prior service cost and gain (loss), net(2.6)(1.4)Total other comprehensive income (loss), net of tax118.0 (75.0)Comprehensive income attributable to Ingersoll Rand Inc.$304.5 $127.2 Comprehensive Income Attributable to Noncontrolling InterestsNet income