Ingersoll Rand Inc. reported its first quarter 2025 results on May 1, 2025, showing revenues of $1,716.8 million, a 2.8% increase compared to the prior year period. This growth was primarily driven by contributions from recent acquisitions and pricing actions. The company also achieved record first-quarter free cash flow of $223 million, a significant increase from the prior year.
Despite the revenue growth, net income attributable to Ingersoll Rand Inc. decreased by 7.8% to $186.5 million, largely due to a $24.4 million increase in interest expense, which rose to $61.2 million. Adjusted EBITDA saw a slight increase to $459.7 million, while Adjusted Net Income decreased by 8.4% to $293.2 million, primarily reflecting the higher interest expense. The company's adjusted EPS of $0.72 per share fell short of analysts' consensus estimates.
Ingersoll Rand maintained its full-year 2025 guidance for total revenue growth of 3% to 5% and Adjusted EBITDA of $2.13 billion to $2.19 billion. The company also confirmed its previously announced additional $1 billion in share repurchase authorization, bringing the total authorization to $2 billion, with a target to execute up to $750 million by the end of 2025.
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