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Mar 31, 2020
Ingersoll Rand Q1 2020 Earnings Report
Ingersoll Rand's first-quarter revenues increased due to the Transaction, but the company reported a net loss. The company remains focused on integration synergies and cost management.
Key Takeaways
Ingersoll Rand reported first-quarter revenues of $800 million, up 29% due to the Transaction. However, the company reported a net loss of $37 million, or a loss of $0.13 per share. Supplemental Adjusted EBITDA was $208 million with a margin of 16.4%. Due to the uncertainty of current economic conditions associated with COVID-19 and its impact on end markets, Ingersoll Rand is not providing 2020 guidance at this time.
Reported revenues of $800 million, up 29%, due primarily to the Transaction.
Reported net loss of $37 million, or a loss of $0.13 per share, including $197 million of pre-tax amortization, restructuring and related business transformation costs, acquisition-related expenses and other adjustments; reported Adjusted Net Income of $75 million.
Supplemental Adjusted EBITDA of $208 million with a margin of 16.4%.
Reported operating cash flow of $68 million and free cash flow of $60 million, both including Transaction-related outflows of $63 million.
Revenue by Segment
Forward Guidance
Due to the uncertainty of current economic conditions associated with COVID-19 and its impact on end markets, Ingersoll Rand is not providing 2020 guidance at this time. The company will look to provide annual guidance at an appropriate time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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