Company: IR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021883
Chunk: 58

Company: Ingersoll Rand Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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DA.The following table provides summarized information about the Company’s operations by reportable segment and reconciles Segment Adjusted EBITDA to Income Before Income Taxes for the three month periods ended March 31, 2025 and 2024.Industrial Technologies and ServicesPrecision and Science TechnologiesTotalThree Month Period Ended March 31,202520242025202420252024Revenue$1,352.1 $1,373.4 $364.7 $296.7 $1,716.8 $1,670.1 Segment cost of sales(1)729.9 742.8 188.6 148.0 918.5 890.8 Segment selling and administrative expenses(2)231.7 219.6 69.9 57.4 301.6 277.0 Other segment items(3)1.4 (0.1)— (0.1)1.4 (0.2)Segment Adjusted EBITDA$389.1 $411.1 $106.2 $91.4 $495.3 $502.5 (1)Segment cost of sales excludes adjustments to LIFO inventories, depreciation and amortization expense, restructuring and related business transformation costs, acquisition and other transaction related expenses and non-cash charges.(2)Segment selling and administrative expenses excludes depreciation and amortization expense, restructuring and related business transformation costs, acquisition and other transaction related expenses and non-cash charges.(3)Other miscellaneous segment expenses.

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For the Three Month Period Ended March 31,20252024Total Segment Adjusted EBITDA$495.3 $502.5 Less items to reconcile Segment Adjusted EBITDA to Income Before Income Taxes:Corporate expenses not allocated to segments35.6 44.0 Interest expense61.2 36.8 Depreciation and amortization expense (a)118.9 116.3 Restructuring and related business transformation costs (b)5.4 10.7 Acquisition and other transaction related expenses and non-cash charges (c)9.8 15.3 Stock-based compensation14.2 14.1 Foreign currency transaction losses (gains), net6.8 (0.7)Adjustments to LIFO inventories3.0 6.8 Cybersecurity incident costs (d)(0.2)0.6