Q1 2023 Financial Performance
26
Orders and Revenue Growth by Segment¹
(Unaudited)
For the Three Month Period
Ended March 31, 2023
Orders
Revenue
Ingersoll Rand
Organic growth
Impact of foreign currency
Impact of acquisitions
Total orders and revenue growth
7.6%
20.4%
(3.8%)
(4.3%)
5.2%
5.8%
9.0%
21.9%
Industrial Technologies & Services
Organic growth
10.0%
24.5%
Impact of foreign currency
(3.9%)
(4.5%)
Impact of acquisitions
6.1%
6.7%
Total orders and revenue growth
12.2%
26.7%
Precision & Science Technologies
Organic growth (decline)
Impact of foreign currency
Total orders and revenue growth (decline)
Impact of acquisitions
(1.7%)
6.0%
(3.2%)
(3.5%)
1.8%
2.4%
(3.1%)
4.9%
1 Organic growth/(decline), impact of foreign currency, and impact of acquisitions are non-GAAP adjustments. References to "impact of acquisitions" refer to
GAAP sales from acquired businesses recorded prior to the first anniversary of the acquisition. The portion of GAAP revenue attributable to currency translation
is calculated as the difference between (a) the period-to-period change in revenue (excluding acquisition sales) and (b) the period-to-period change in revenue
(excluding acquisition sales) after applying prior year foreign exchange rates to the current year period.
(IR) Ingersoll RandView entire presentation