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.
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.
Visualization of income flow from segment revenue to net income