First-Quarter 2019 Results
CLIMATE SEGMENT
Q1 Continued Strong Revenue Growth and Significant Margin Improvement
Net Revenue
+10%
$2,610
Organic
$2,804
Adj. Operating Margin*
+130
bps
Adj. EBITDA %**
+70
bps
11.4%
13.2%
12.5%
+7%
Q1 '18
Q1 '19
10.1%
Q1 '18
Q1 '19
Highlights
Q1 '18
Q1 '19
Continued exceptional, broad based organic rev growth across virtually all regions / business units / products
Strong price realization, volume growth, and productivity driving significant margin expansion
Adj. EBITDA % partially offset by pension costs, FX and a legal settlement related to a legacy business
R Ingersoll Rand.
*
Adjusted operating margin excludes restructuring in 2018 and 2019. See tables in news release for additional information.
**
Adjusted EBITDA divided by revenue. This excludes restructuring in 2018 and 2019. See tables in news release for additional information.
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