Ingersoll Rand Q2 2020 Earnings Report
Key Takeaways
Ingersoll Rand reported second-quarter revenues of $1.3 billion, a 101% increase compared to the previous year. The company's adjusted EBITDA was $241 million with a margin of 19.1%. Despite challenging market conditions, Ingersoll Rand emphasized strong free cash flow and liquidity.
Reported revenues of $1.3 billion, up 101% versus prior year as reported revenues due primarily to the Transaction.
Adjusted EBITDA of $241 million with a margin of 19.1%.
Reported operating cash flow of $247 million and free cash flow of $230 million, both including Transaction-related outflows of $43 million.
Liquidity of $2.2 billion as of June 30, 2020, including $1.2 billion of cash on hand and undrawn capacity of $1.0 billion under available credit facilities
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Ingersoll Rand Revenue by Segment
Forward Guidance
Ingersoll Rand is not providing 2020 guidance due to the uncertainty of current economic conditions associated with COVID-19 and its impact on end markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income