Q1 2023 Financial Performance
Orders & Revenue by Segment and Reconciliation of Segment Adjusted EBITDA
to Net Income
25
25
(Unaudited; in millions)
For the Three Month Period
Ended March 31,
2023
2022
Orders
Industrial Technologies and Services
$
Precision and Science Technologies
Total Orders
$
1,450.3 $
326.5
1,776.8 $
1,292.8
337.1
1,629.9
Revenue
Industrial Technologies and Services
$
1,317.2 $
Precision and Science Technologies
312.1
Total Revenue
$
1.629.3 $
1,039.6
297.4
1,337.0
Segment Adjusted EBITDA
Industrial Technologies and Services
$
345.6 S
Precision and Science Technologies
94.5
Total Segment Adjusted EBITDA
$
440.1 $
247.4
85.1
332.5
Less items to reconcile Segment Adjusted EBITDA to Income from Continuing
Operations Before Income Taxes:
Corporate expenses not allocated to segments
$
Interest expense
40.0 S
38.9
28.9
19.0
Depreciation and amortization expense
113.1
107.5
Restructuring and related business transformation costs
4.3
14.2
Acquisition and other transaction related expenses and non-cash charges
18.0
9.5
Stock-based compensation
12.1
19.8
Foreign currency transaction losses (gains), net
1.0
(3.8)
Adjustments to LIFO inventories
7.8
Other adjustments
(6.1)
(5.2)
Income from Continuing Operations Before Income Taxes
211.0
142.6
Provision for income taxes
48.1
32.4
Income (loss) on equity method investments
0.3
(4.3)
Income from Continuing Operations
163.2
105.9
Loss from discontinued operations, net of tax
Net Income
$
163.2 $
(1.4)
104.5
(IR) Ingersoll RandView entire presentation