Business Context and Reporting Period
This Form 8-K was filed by Ingersoll Rand Inc. on June 16, 2020. The filing serves to provide audited and unaudited financial statements for the Precision Flow Systems business of Silver II GP Holdings S.C.A. This business unit was originally acquired by the Industrial Business of Ingersoll-Rand plc on May 15, 2019, and subsequently became part of Ingersoll Rand Inc. following the latter's acquisition of the Industrial Business on February 29, 2020.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it references the inclusion of the following documents as exhibits containing the detailed financial data:
- Audited combined financial statements for the years ended December 31, 2018, and 2017 (Exhibit 99.1).
- Unaudited combined financial statements for the three months ended March 31, 2019, and 2018 (Exhibit 99.2).
Material Changes
The filing does not discuss material changes in financial performance versus prior periods. The primary context provided is the corporate restructuring involving the acquisition of the Industrial Business of Ingersoll-Rand plc by Ingersoll Rand Inc. (formerly Gardner Denver Holdings, Inc.) in February 2020.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, risk factors, contingencies, or unusual items. The document is strictly a procedural filing to satisfy the requirement of submitting historical financial statements for a specific acquired business unit.
Investor Verification Checklist
- Review Exhibit 99.1 for the audited financial performance of Precision Flow Systems for 2017 and 2018.
- Review Exhibit 99.2 for the unaudited financial performance of Precision Flow Systems for the first quarter of 2018 and 2019.
- Verify the integration status of the Precision Flow Systems business within Ingersoll Rand Inc. following the February 2020 acquisition.
- Confirm the consent of PricewaterhouseCoopers LLP regarding the audited statements (Exhibit 23.1).