Ingersoll Rand (IR) 10-K Summary — Year Ended Dec 31, 2023
Ingersoll Rand Inc. filed its annual 10-K, reporting increased revenue and positive operating income, net income, and operating cash flow. The filing details liquidity resources including cash and an undrawn credit facility, with no material risks specified in the provided context.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Ingersoll Rand Inc. filed its annual 10-K, reporting increased revenue and positive operating income, net income, and operating cash flow. The filing details liquidity resources including cash and an undrawn credit facility, with no material risks specified in the provided context.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6.9B
Revenue reported for the fiscal year.
Operating income
$1.2B
Income from operations reported for the year.
Net income
$778.7M
Net income reported for the year.
Operating cash flow
$1.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $5.2B | n/a |
| Dec 31, 2022 | $5.9B | +14.8% |
| Dec 31, 2023 | $6.9B | +16.2% |
Business overview
The provided filing context does not include a description of the company's business operations. Only a reference to Item 1 (Business) is listed without substantive content.
Financial performance
Revenue grew year over year for the reported period, while operating income and net income remained positive. Operating cash flow was also positive, reflecting underlying cash generation.
Material risks
The risk factors section is referenced in the filing but no specific risk descriptions were provided in the supplied context.
Liquidity and capital
The company maintains cash and cash equivalents, has no outstanding borrowings under its revolving credit facility, and complies with all debt covenants. Liquidity needs are met through cash on hand, operations, and available credit.
What to watch
Monitor whether the company utilizes its additional borrowing capacity under the senior secured credit facilities for acquisitions or other capital needs.