Financial Analysis

Acquisitions Acquisitions in 2026 On January 5, 2026, the Company completed the acquisition of Scinomix, Inc. (Scinomix) for cash consideration of $46.4 million. The business is a manufacturer of automation equipment for life-science laboratories. The acquisition will enable Ingersoll Rand to combine several existing technologies with Scinomixs offerings to provide comprehensive, end-to-end solutions in lab environments. Scinomix has been reported within the Precision and Science Technologies segment. On May 4, 2026, the Company completed the acquisition of Fox s.r.l. and XF s.r.l. (collectively Fox) for cash consideration of $75.0 million. The business is a manufacturer of hydropneumatic accumulators, pulsation dampeners, calibration pots, and instrumentation to stabilize flow and pressure in dosing systems, protecting downstream equipment and improving the performance in complex solutions. The acquisition will enable Ingersoll Rand to combine technologies with Foxs offerings to provide comprehensive, end-to-end metering and dosing solutions. Fox has been reported within the Precision and Science Technologies segment. Other acquisitions completed during the six months ended June 30, 2026 include two sales and service businesses, which have been reported within the Industrial Technologies and Services segment. The aggregate consideration for these acquisitions was $41.8 million. The following table summarizes the allocation of consideration for all businesses acquired in 2026 …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Contingencies The Company is a party to various legal proceedings, lawsuits and administrative actions, which are of an ordinary or routine nature for a company of its size and sector. The Company believes that such proceedings, lawsuits and administrative actions will not materially adversely affect its operations, financial condition, liquidity or competitive position. For further description of the Companys contingencies, reference is made to Note 21, Contingencies in the notes to consolidated financial statements in the Companys 2025 Annual Report. Environmental Matters The Company has been identified as a potentially responsible party (PRP) with respect to several sites designated for cleanup under U.S. federal Superfund or similar state laws that impose liability for cleanup of certain waste sites and for related natural resource damages. The Company has undiscounted accrued liabilities of $9.3 million and $10.6 million as of June 30, 2026 and December 31, 2025, respectively, on its Condensed Consolidated Balance Sheets to the extent costs are known or can be reasonably estimated for its remaining financial obligations in relation to environmental matters and does not anticipate that any of these matters will result in material additional costs beyond amounts accrued. Based upon consideration of currently available information, the Company does not anticipate any material adverse effect on its results of operations, financial condition, liquidity or competitive position …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Debt Debt as of June 30, 2026 and December 31, 2025 is summarized as follows. June 30, 2026 December 31, 2025 Short-term borrowings $ $ Long-term debt: 5.197% Senior Notes, due June 2027 (1)(2) $ 700.0 $ 700.0 5.400% Senior Notes, due August 2028 (1) 499.2 499.0 5.176% Senior Notes, due June 2029 (1) 750.0 750.0 5.314% Senior Notes, due June 2031 (1) 500.0 500.0 5.700% Senior Notes, due August 2033 (1) 994.5 994.1 5.450% Senior Notes, due June 2034 (1) 749.6 749.6 5.700% Senior Notes, due June 2054 (1) 597.7 597.7 Finance leases and other long-term debt 12.0 13.2 Swap valuation adjustments 0.1 19.8 Unamortized debt issuance costs (34.6) (38.7) Total long-term debt, net, including current maturities 4,768.5 4,784.7 Current maturities of long-term debt (2) 699.8 1.4 Total long-term debt, net $ 4,068.7 $ 4,783.3 (1) This amount is net of unamortized discounts. Total unamortized discounts aggregated to $9.0 million and $9.7 million as of June 30, 2026 and December 31, 2025, respectively. (2) The 5.197% Senior Notes, due June 2027, were reclassified to Short-term borrowings and current maturities of long-term debt in our Condensed Consolidated Balance Sheet as of June 30, 2026. Senior Notes On May 10, 2024, the Company issued $3,300.0 million in aggregate principal amount of senior unsecured notes comprised of $700.0 million aggregate principal amount of 5.197% Senior Notes due 2027 (the 2027 Notes), $750.0 million aggregate principal amount of 5.176% Senior Notes due 2029 (the 20 …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following tables provide disaggregated revenue by reportable segment for the three and six month periods ended June 30, 2026 and 2025. Industrial Technologies and Services Precision and Science Technologies Total Three Month Period Ended June 30, 2026 2025 2026 2025 2026 2025 Primary Geographic Markets United States $ 616.1 $ 617.7 $ 193.4 $ 180.7 $ 809.5 $ 798.4 Other Americas 134.8 123.4 35.4 33.2 170.2 156.6 Total Americas 750.9 741.1 228.8 213.9 979.7 955.0 EMEIA 522.1 468.3 152.2 142.7 674.3 611.0 China 214.6 179.2 33.4 29.3 248.0 208.5 Other Asia Pacific 134.5 103.0 12.3 10.4 146.8 113.4 Total Asia Pacific 349.1 282.2 45.7 39.7 394.8 321.9 Total $ 1,622.1 $ 1,491.6 $ 426.7 $ 396.3 $ 2,048.8 $ 1,887.9 Product Categories Original equipment (1) $ 975.2 $ 884.8 $ 338.6 $ 312.1 $ 1,313.8 $ 1,196.9 Aftermarket (2) 646.9 606.8 88.1 84.2 735.0 691.0 Total $ 1,622.1 $ 1,491.6 $ 426.7 $ 396.3 $ 2,048.8 $ 1,887.9 Pattern of Revenue Recognition Revenue recognized at point in time (3) $ 1,440.5 $ 1,343.1 $ 407.7 $ 365.5 $ 1,848.2 $ 1,708.6 Revenue recognized over time (4) 181.6 148.5 19.0 30.8 200.6 179.3 Total $ 1,622.1 $ 1,491.6 $ 426.7 $ 396.3 $ 2,048.8 $ 1,887.9 Industrial Technologies and Services Precision and Science Technologies Total Six Month Period Ended June 30, 2026 2025 2026 2025 2026 2025 Primary Geographic Markets United States $ 1,188.1 $ 1,202.8 $ 374.5 $ 349.6 $ 1,562.6 $ 1,552.4 Other Americas 247.9 242.5 63.9 55.9 311.8 298.4 Total Americas 1,436.0 1,445.3 4 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation Plans The Company has outstanding stock-based compensation awards granted under the 2013 Stock Incentive Plan (the 2013 Plan) and the Ingersoll Rand Inc. Amended and Restated 2017 Omnibus Incentive Plan (as amended by the First Amendment, dated April 27, 2021, the 2017 Plan) as described in Note 18, Stock-Based Compensation Plans to the consolidated financial statements in its 2025 Annual Report. On June 11, 2026, our stockholders approved the Ingersoll Rand Inc. 2026 Omnibus Incentive Plan (the 2026 Plan) which replaces the 2017 Plan with respect to new grants by the Company. The Companys stock-based compensation awards are generally granted in the first quarter of the year and consist of stock options, restricted stock units and performance stock units. In some instances, such as death, awards may vest concurrently with or following an employees termination. Stock-Based Compensation For the three month periods ended June 30, 2026 and 2025, the Company recognized stock-based compensation expense of $17.8 million and $16.7 million, respectively, and $33.7 million and $30.9 million for the six month periods then ended, respectively. These costs are included in Cost of sales and Selling and administrative expenses in the Condensed Consolidated Statements of Operations. As of June 30, 2026, there was $135.5 million of total unrecognized compensation expense related to outstanding stock options, restricted stock unit awards and performance stock unit awar …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value Measurements A financial instrument is defined as cash or cash equivalents, evidence of an ownership interest in an entity, or a contract that creates a contractual obligation or right to deliver or receive cash or another financial instrument from another party. The Companys financial instruments consist primarily of cash and cash equivalents, trade accounts receivables, trade accounts payables, deferred compensation assets and obligations, acquisition related contingent consideration obligations, derivatives and debt instruments. The carrying values of cash and cash equivalents, trade accounts receivables, and trade accounts payables are a reasonable estimate of their respective fair values. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or more advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value as follows. Level 1 Quoted prices (unadjusted) in active markets for identical assets or liabilities as of the reporting date. Level 2 Inputs other than Level 1 that are observable, either direct …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets Goodwill The changes in the carrying amount of goodwill attributable to each reportable segment for the six month period ended June 30, 2026 is presented in the table below. Industrial Technologies and Services Precision and Science Technologies Total Balance at beginning of period $ 5,385.5 $ 3,098.6 $ 8,484.1 Acquisitions 34.7 72.2 106.9 Foreign currency translation and other (1) (32.2) (16.9) (49.1) Balance at end of period $ 5,388.0 $ 3,153.9 $ 8,541.9 (1) Includes measurement period adjustments Accumulated impairment losses totaled $220.6 million within the Industrial Technologies and Services segment and $229.7 million within the Precision and Science Technologies segment as of both June 30, 2026 and December 31, 2025. Other Intangible Assets, Net Other intangible assets as of June 30, 2026 and December 31, 2025 consisted of the following. June 30, 2026 December 31, 2025 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets Customer lists and relationships $ 4,305.0 $ (2,317.2) $ 1,987.8 $ 4,292.9 $ (2,186.3) $ 2,106.6 Technology 578.6 (355.2) 223.4 573.5 (325.2) 248.3 Tradenames 335.1 (81.7) 253.4 327.6 (53.1) 274.5 Other 168.4 (128.1) 40.3 163.4 (125.0) 38.4 Unamortized intangible assets Tradenames 1,567.4 1,567.4 1,572.5 1,572.5 Total other intangible assets $ 6,954.5 $ (2,882.2) $ 4,072.3 $ 6,929.9 $ (2,689.6) $ 4,240.3 Int …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes The following table summarizes the Companys provision for income taxes and effective income tax provision rate for the three and six month periods ended June 30, 2026 and 2025. For the Three Month Period Ended June 30, For the Six Month Period Ended June 30, 2026 2025 2026 2025 Income before income taxes $ 327.1 $ 28.1 $ 557.0 $ 281.2 Provision for income taxes $ 69.1 $ 21.0 $ 105.2 $ 79.5 Effective income tax provision rate 21.1 % 74.7 % 18.9 % 28.3 % The increase in the provision for income taxes and decrease in the effective income tax provision rate for the three month period ended June 30, 2026 when compared to the same three month period of 2025 is primarily due to nondeductible impairments of goodwill, tradenames, and equity investment in the 2025 period. The increase in the provision for income taxes and decrease in the effective income tax provision rate for the six month period ended June 30, 2026 when compared to the same six month period of 2025 is primarily due to a higher benefit of a windfall tax deduction in the 2026 period compared to the 2025 period and nondeductible impairments of goodwill, tradenames, and equity investment in the 2025 period. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Recently Adopted Accounting Standard Updates (ASU) In July 2025, the Financial Accounting Standards Board (the FASB) issued ASU 2025-05, Financial InstrumentsCredit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient to assume that conditions as of the balance sheet date remain unchanged over the life of the asset when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606. The amendment is effective for fiscal years beginning after December 15, 2025. The amendments in this update were applied prospectively. The adoption has not had a material effect on our consolidated financial statements. Recently Issued Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure of additional disaggregated information about significant expenses within relevant income statement captions, such as purchases of inventory, employee compensation, depreciation, amortization, and depletion. The amendment is effective for fiscal years beginning after December 15, 2026. Early adoption is permitted. The amendment should be applied prospectively; however, retrospective application is permitted. Management is currently evaluating this ASU to determ …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Benefit Plans Net Periodic Benefit Cost The following table summarizes the components of net periodic benefit cost for the Companys defined benefit pension plans and other postretirement benefit plans recognized for the three and six month periods ended June 30, 2026 and 2025. Pension Benefits Other Postretirement Benefits U.S. Plans Non-U.S. Plans For the Three Month Period Ended June 30, 2026 2025 2026 2025 2026 2025 Service cost $ $ $ 0.5 $ 0.8 $ $ Interest cost 3.2 3.4 2.8 2.9 0.1 Expected return on plan assets (3.2) (2.7) (2.2) (2.3) Recognition of: Unrecognized prior service cost 0.1 0.1 (2.8) Unrecognized net actuarial gain (0.4) (0.3) (0.1) (0.1) $ $ 0.7 $ 0.8 $ 1.2 $ $ (2.9) Pension Benefits Other Postretirement Benefits U.S. Plans Non-U.S. Plans For the Six Month Period Ended June 30, 2026 2025 2026 2025 2026 2025 Service cost $ $ $ 1.2 $ 1.5 $ $ Interest cost 6.4 6.9 5.7 5.7 0.1 0.1 Expected return on plan assets (6.4) (5.5) (4.5) (4.6) Recognition of: Unrecognized prior service cost 0.1 0.1 (5.5) Unrecognized net actuarial gain (0.8) (0.5) (0.1) (0.3) $ $ 1.4 $ 1.7 $ 2.2 $ $ (5.7) The components of net periodic benefit cost other than the service cost component are included in Other income, net in the Condensed Consolidated Statements of Operations. …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Restructuring 2026 and 2025 Actions The Company continues to undertake restructuring actions to optimize our cost structure. Charges incurred from actions taken in 2026 and 2025 include workforce restructuring, facility consolidation and other exit and disposal costs. For the three and six month periods ended June 30, 2026 and 2025, Restructuring charges, net were recognized within Other operating expense (income), net in the Condensed Consolidated Statements of Operations and consisted of the following. For the Three Month Period Ended June 30, For the Six Month Period Ended June 30, 2026 2025 2026 2025 Industrial Technologies and Services $ 0.6 $ 1.8 $ 3.2 $ 5.8 Precision and Science Technologies 2.3 0.9 8.0 2.3 Corporate 0.3 0.5 0.7 0.4 Restructuring charges, net $ 3.2 $ 3.2 $ 11.9 $ 8.5 The following table summarizes the activity associated with the Companys restructuring programs for the three and six month periods ended June 30, 2026 and 2025. For the Three Month Period Ended June 30, For the Six Month Period Ended June 30, 2026 2025 2026 2025 Balance at beginning of period $ 34.8 $ 17.0 $ 39.9 $ 22.3 Charged to expense - termination benefits 1.7 2.7 9.6 7.4 Charged to expense - other 1.5 0.5 2.3 1.1 Payments (12.0) (5.4) (25.5) (16.5) Currency translation adjustment and other (0.1) 1.2 (0.4) 1.7 Balance at end of period $ 25.9 $ 16.0 $ 25.9 $ 16.0 …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Revenue from Contracts with Customers Overview The Company recognizes revenue when the Company has satisfied its obligation and control is transferred to the customer. The amount of revenue recognized includes adjustments for any variable consideration, such as rebates, sales discounts, liquidated damages, etc., which are included in the transaction price, and allocated to each performance obligation. The variable consideration is estimated throughout the course of the contract using the Companys best estimates. The majority of the Companys revenues are derived from short duration contracts and revenue is recognized at a single point in time when control is transferred to the customer, generally at shipment or when delivery has occurred or services have been rendered. The Company has certain long duration engineered to order (ETO) contracts that require highly engineered solutions designed to customer specific applications. For contracts where the contractual deliverables have no alternative use and the contract termination clauses provide for the recovery of cost plus a reasonable margin, revenue is recognized over time based on the Companys progress in satisfying the contractual performance obligations, generally measured as the ratio of actual costs incurred to date to the estimated total costs to complete the contract. For contracts with termination provisions that do not provide for recovery of cost and a reasonable margin, revenue is recognized at a point in time, gener …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment Reporting A description of the Companys two reportable segments, including the specific products manufactured and sold follows below. When determining the reportable segments, we aggregate operating segments based on their similar economic and operating characteristics. In the Industrial Technologies and Services segment, the Company designs, manufactures, markets, and services a broad range of compression and vacuum equipment as well as fluid transfer equipment, and loading systems. The Companys compression and vacuum products are used worldwide in industrial manufacturing, transportation, chemical processing, food and beverage production, clean energy, environmental and other applications. In addition to equipment sales, the Company offers a broad portfolio of service options tailored to customer needs and a complete range of aftermarket parts, air treatment equipment, controls, and other accessories. The Companys engineered loading systems and fluid transfer equipment ensure the safe handling and transfer of crude oil, liquefied natural gas, compressed natural gas, chemicals, and bulk materials. In the Precision and Science Technologies segment, the Company designs, manufactures, and markets a broad range of specialized positive displacement pumps, fluid management equipment, single-use powder handling systems, and contract design and production services for silicone, thermoplastic, and specialty components and assemblies for medical devices. These products are use …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Subsequent Event Early in the third quarter, the Company settled with certain insurers for an additional amount of $162.5 million related to the ILC Dover Transaction Update disclosed in Note 18. Contingencies . …

SubsequentEventsTextBlock · excerpt; the full note is in the filing