Company: IR
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001628280-25-037049
Chunk: 80

Company: Ingersoll Rand Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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 their results in an effort to facilitate an understanding of their 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 and six month periods ended June 30, 2025 and 2024.

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For the Three Month Period Ended June 30,For the Six Month Period Ended June 30,2025202420252024Condensed Consolidated Statement of Operations:Revenues$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