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IR Ingersoll Rand . ● Second - Quarter 2021 Highlights ( All comparisons against the second quarter of 2020 unless otherwise noted . ) Strong performance and transformation fueled by Ingersoll Rand Execution Excellence ( IRX ) drove the following : Reported orders of $ 1.5 billion , up 48 % ( 37 % organically ) Reported revenues of $ 1.3 billion , up 25 % ( 16 % organically ) Reported net income attributable to Ingersoll Rand of $ 234 million , or earnings of $ 0.55 per share , including $ 165 million of pre - tax income from discontinued operations , amortization , restructuring and related business transformation costs , acquisition - related expenses and other adjustments , up 232 % from prior year net loss attributable to Ingersoll Rand of $ 178 million Ingersoll Rand Reports Second - Quarter 2021 Results Record Double - Digit Orders and Revenue Growth ; Raising 2021 Guidance O Adjusted net income from continuing operations , net of tax of $ 195 million , or $ 0.46 per share Adjusted EBITDA of $ 292 million , up 34 % , with a margin of 22.8 % Reported operating cash flow from continuing operations of $ 147 million and free cash flow from continuing operations of $ 136 million , both including Transaction - related outflows of $ 12 million and cash taxes related to the High Pressure Solutions ( " HPS " ) and Specialty Vehicle Technologies ( " SVT " or " Club Car " ) businesses of $ 36 million Liquidity of $ 4.7 billion as of June 30 , 2021 , including $ 3.7 billion of cash on hand and undrawn capacity of $ 1.0 billion under available credit facilities Portfolio Optimization Completed the sale of the SVT segment to Platinum Equity on June 1 , 2021 ( deferred closing of non - US operations expected 2H 2021 ) ; the all - cash transaction is valued at $ 1.68 billion Announced the signing of an agreement to acquire Seepex GmbH , a global leader in progressive cavity ( positive displacement ) pump technology , for € 431.5 million , with closing expected in Q3 2021 , subject to obtaining required regulatory approvals Announced the signing of an agreement to acquire Maximus Solutions , a provider of digital controls and Industrial Internet of Things ( IoT ) production management systems for the AgriTech software and controls market , for CAD $ 135.4 million , with closing expected in Q3 2021 , subject to obtaining required regulatory approvals 2021 Revised Guidance Raising full - year 2021 revenue growth expectation ( excluding the HPS and SVT businesses and pending acquisitions of Seepex and Maximus Solutions ) to mid teens , or up approximately 250 to 300 bps of organic growth from Q1 2021 guidance , and raising Adjusted EBITDA guidance to $ 1.15 billion to $ 1.18 billion , or up approximately $ 30 million from the Q1 2021 guidance midpoint DAVIDSON , N.C. - July 28 , 2021 - Ingersoll Rand Inc. ( NYSE : IR ) reported record double - digit orders and revenue growth in the second quarter of 2021 . " Our strong second - quarter performance exemplifies our ability to consistently execute through the disciplined use of IRX and deliver on our strategic commitments around talent , growth , margin expansion , effective capital allocation and operating sustainably , " said Vicente Reynal , Chief Executive Officer . " We followed through on our stated commitment to effectively allocate capital with the recently announced agreement to acquire Seepex , which is a strong strategic fit for our positive displacement pump technology portfolio , and Maximus Solutions , which adds smart , connected products , digital capabilities and technology that are core to our growth strategy and allows us to enter the AgriTech software and controls market . These acquisitions are expected to generate significant value for our shareholders and increase the Precision and Science Technologies segment addressable market by a combined $ 3.8 billion , or 40 % . In addition , our portfolio transformation continued with the closing of the Club Car transaction . I am proud of the efforts of our employees and the positive impact we are making on our 1