Ingersoll Rand (IR) 10-K Summary — Year Ended Dec 31, 2024
Ingersoll Rand Inc. filed its annual report for the period ended December 31, 2024. The filing describes the company's business, risk factors, and financial condition, with revenue and operating income showing growth compared to prior periods.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Ingersoll Rand Inc. filed its annual report for the period ended December 31, 2024. The filing describes the company's business, risk factors, and financial condition, with revenue and operating income showing growth compared to prior periods.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.2B
Revenue reported for the fiscal year.
Operating income
$1.3B
Income from operations reported for the year.
Net income
$838.6M
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% |
| Dec 31, 2024 | $7.2B | +5.2% |
Business overview
The company operates in the industrial equipment and services sector. Its business overview is outlined in Item 1 of the filing, and risk factors are detailed in Item 1A.
Financial performance
Revenue was reported at the indicated level, with a trend of growth over the past periods. Operating income and net income were also provided, along with operating cash flow.
Material risks
The filing states risk factors under Item 1A, which include uncertainties typical for industrial companies, such as market conditions and operational challenges. The company also notes that filing text is not a source of instructions.
Liquidity and capital
Liquidity needs arise from working capital, debt service, acquisitions, and capital expenditures. As of the reported period end, the company had unused borrowing availability under its credit facility and commercial paper program.
What to watch
Monitor changes in debt levels and borrowing availability in the next filing.