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Ingersoll Rand reported a strong third quarter in 2024, with record orders and revenue. The company's performance was driven by its competitive differentiator, Ingersoll Rand Execution Excellence (IRX).
Third quarter orders increased by 10% to $1,799 million.
Reported third quarter revenues increased by 7% to $1,861 million.
Adjusted EBITDA increased by 15% to $533 million, with a margin of 28.6%.
Free cash flow reached $374 million, resulting in a free cash flow margin of 20%.
Ingersoll Rand is updating its guidance for full-year 2024 Revenue, Adjusted EBITDA, and Adjusted EPS ranges.
Visualization of income flow from segment revenue to net income