Q1 2023 Financial Performance slide image

Q1 2023 Financial Performance

Reconciliation of GAAP Net Income (Loss) to Adjusted EBITDA and Supplemental Adjusted EBITDA 29 29 Net Income (Loss) (GAAP) Less: Income from discontinued operations Less: Income tax provision from discontinued operations Income (loss) from continuing operations, net of tax Plus (1): Interest expense For the Twelve Months Ended December 31, 2020 2019 $ (32.4) S 159.1 26.0 80.7 (1.6) (18.9) (56.8) 97.3 111.1 88.4 Provision for income taxes 11.4 12.9 Depreciation expense 75.3 41.2 Amortization expense 335.1 105.3 Impairment of intangible assets 19.9 Restructuring and related business transformation costs 88.0 19.6 Acquisition related expenses and non-cash charges 181.5 54.6 Stock-based compensation 47.0 20.2 Foreign currency transaction losses, net 18.6 7.3 Loss on extinguishment of debt Shareholder litigation settlement recoveries Adjustments to LIFO inventories Other adjustments Adjusted EBITDA (1) 2.0 0.2 (6.0) 39.8 0.2 5.2 0.4 878.1 441.6 Additional Segment Adjusted EBITDA Adjustments (2): Industrial Technologies & Services Precision & Science Technologies Incremental corporate expenses not allocated to segments Supplemental Adjusted EBITDA $ 40.3 20.4 S 424.8 140.2 (4.9) (46.4) 933.9 960.2 1 These amounts are reported in accordance with US GAAP and have not been adjusted to reflect the pro forma impact of a full quarter of the combined Ingersoll Rand. 2. These "Additional Segment Adjusted EBITDA Adjustments" represent the impact of two months (January and February of 2020) of standalone legacy Ingersoll Rand Industrial Segment activity in the twelve month period ended December 31, 2020 and a full year of standalone legacy Ingersoll Rand Industrial Segment activity in the twelve month period ended December 31, 2019. The incremental corporate expenses not allocated to segments represent additional corporate expenses incurred by the Company to operate the combined Ingersoll Rand. (IR) Ingersoll Rand
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