Ingersoll Rand Q3 2020 Earnings Report
Key Takeaways
Ingersoll Rand reported Q3 2020 revenues of $1.3 billion, a 124% increase compared to the prior year. Net income attributable to Ingersoll Rand Inc. was $30 million, or $0.07 per share. Adjusted EBITDA was $284 million with a margin of 21.3%. The company executed approximately $150 million of annualized cost synergies.
Reported revenues increased by 124% year-over-year to $1.3 billion, but declined 10% compared to supplemental adjusted revenues of $1.5 billion in 2019.
Adjusted EBITDA was $284 million, with a margin of 21.3%.
The company awarded $150 million in equity to its global workforce.
Liquidity stood at $2.3 billion as of September 30, 2020.
Ingersoll Rand
Ingersoll Rand
Ingersoll Rand Revenue by Segment
Forward Guidance
Due to the continued 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