The company completed the acquisition of Friulair S.r.l. in Q1 2024 for $142.2 million in initial cash consideration, intending to increase scale of air dryer business and add new chiller production capabilities.

Ingersoll Rand entered into an agreement to acquire ILC Dover for an upfront cash purchase price of approximately $2.325 billion and contingent consideration of up to $75.0 million, expected to close in Q2 2024.

The company continues to undertake restructuring actions including workforce restructuring and facility consolidation to optimize cost structure, with $9.7 million in restructuring charges recorded in Q1 2024.

Management's focus on operational efficiency and cost productivity is reflected in the improved gross profit margin and Adjusted EBITDA margin, despite lower organic volumes.

Selling and administrative expenses increased 8.1% YoY, primarily due to businesses acquired in 2023 and Q1 2024, indicating ongoing efforts to integrate new acquisitions.

Adjusted EBITDA margin increased to 27.5% in Q1 2024 from 24.6% in Q1 2023, driven by higher pricing, favorable cost productivity and product mix, demonstrating effective cost management.

The company is exposed to interest rate risk as a result of its variable-rate borrowings and manages this risk using interest rate swaps and caps.

The company is exposed to foreign currency risks that arise from its global business operations, with approximately 53% of revenues denominated in currencies other than the U.S. dollar.

The company has a total litigation reserve of $124.7 million for asbestos-related litigation, and the ultimate resolution of these matters may be material to the company's financial position.

Ingersoll Rand is described as a global market leader with a broad range of innovative and mission-critical air, fluid, energy and medical technologies, sold under premier brands.

The company provides differentiated product and service offerings to customers, combining a global geographic footprint with application expertise.

The percentage of consolidated revenues derived from aftermarket parts and services was 37.0% in Q1 2024, indicating a significant contribution from this segment.

The increase in gross profit margin to 44.7% is attributed to increased price and input cost productivity improvements, indicating effective cost management.

The company continues to undertake restructuring actions to optimize cost structure, with $9.7 million in restructuring charges in Q1 2024.

Selling and administrative expenses increased 8.1% YoY, primarily due to businesses acquired in 2023 and Q1 2024, indicating integration costs.

The company's acquisition strategy is partly aimed at acquiring complementary businesses that provide access to new technologies.

Ingersoll Rand is described as a global market leader with a broad range of innovative and mission-critical technologies.

The acquisition of EcoPlant Technological Innovation Ltd. is mentioned as a provider of software-as-a-service platform to optimize performance and resource consumption.

The company's board of directors authorized a $1.0 billion increase to the share repurchase program, demonstrating a commitment to returning capital to shareholders.

The company entered into an agreement to acquire ILC Dover for a significant upfront cash purchase price, indicating a focus on strategic acquisitions.

The company's capital expenditures were $62.3 million in Q1 2024, indicating ongoing investments in infrastructure and operations.

The company has accrued liabilities for environmental matters and is committed to compliance with environmental protection requirements.

The company states that there have been no material changes to the environmental matters disclosed in the 2023 Annual Report.

The company is committed to compliance with environmental protection requirements and resolution of environmental claims.

Demand for most of the company's products depends on the level of new capital investment and maintenance expenditures by customers, which are influenced by general economic conditions.

The company's financial results closely follow changes in the industries and end-markets it serves, with the level of capital expenditures depending on general economic conditions.

The company's global operations expose it to economic, political, regulatory and other risks of international operations.