Ingersoll Rand (IR) 10-K risk factor changes: FY2025 vs FY2024

We have exposure to the risks associated with instability in the global [removed: economy and] [added: economy,] financial [added: markets and our end] markets, which may negatively impact our revenues, liquidity, suppliers and customers.

For the year ended December 31, [removed: 2024, 57%] [added: 2025, 58%] of our revenues were from customers in countries outside of the United States.

Non-U.S. operations and United States export sales could be adversely affected as a result of: political or economic instability in certain countries; differences in foreign laws, including increased difficulties in protecting intellectual property and uncertainty in enforcement of contract rights; credit risks; currency fluctuations, in particular, changes in currency exchange rates between the U.S. dollar, Euro, British Pound and the Chinese Renminbi; exchange controls; changes in and uncertainties with respect to tariffs and import/export trade [removed: restrictions (including changes in United States trade policy toward other countries, such as the imposition of tariffs and the resulting consequences),] [added: restrictions,] as well as other changes in political policy in the United States, China, the U.K. and certain European countries (including the impacts of the U.K.’s withdrawal from the European Union); royalty and tax increases; nationalization of private enterprises, especially in China where we have material operations, supply chain dependencies and hold material cash balances; civil unrest and protests, strikes, acts of terrorism, war or other armed conflict (including the [removed: Russia-Ukraine war and the Israel-Hamas conflict); shipping products during times of crisis or war; and other factors inherent in foreign operations.]

If any of these systems fail, whether caused by fire, other natural disaster, power or telecommunications failure, acts of cyber terrorism, war, [removed: ransomware] [added: ransomware, misuse] or [added: malicious use of artificial intelligence (“AI”) or] otherwise, or they do not function correctly, we could suffer financial loss, business disruption, liability to our customers, regulatory intervention or damage to our reputation.

[added: In the past, we have experienced disruptions to our supply deliveries for] raw materials and component parts due to reasons related to the pandemic and other recent economic conditions and may experience further supply disruptions.

[removed: We compete] against many companies, including divisions of larger companies with greater financial resources than we possess.

A significant portion of our revenue, [removed: 55%] [added: 54%] for the year ended December 31, [removed: 2024,] [added: 2025,] is denominated in currencies other than the U.S. dollar.

Our ability to develop new products based on technological innovation, including those that incorporate [removed: artificial intelligence (“AI”)] [added: AI] or drive sustainability, energy reduction and the reduction and/or recycling of water in our customers’ processes, can affect our competitive position and often requires the investment of significant resources.

[added: Various presidential] executive orders issued in early 2025 implement new obligations for Federal contractors/subcontractors to certify compliance with existing Federal anti-discrimination laws, encourages private employers to end programs supporting illegal Diversity, Equity, and Inclusion (“DEI”) discrimination and preferences, and directs Federal agencies to formulate enforcement plans to deter DEI programs in the private sector that advance unlawful discrimination or preferences.

The development, [removed: adoption,] [added: adoption] and use of AI technologies are still in their early [removed: stages] [added: stages,] and ineffective or inadequate AI [removed: development or] [added: development,] deployment [added: or governance] practices could result in unintended consequences.

[removed: In addition,] [added: For example, AI algorithms may be flawed or may be based on biased or insufficient datasets, and] any disruption or failure in the AI functionality we incorporate into our business activities, products or services could adversely impact our business or result in delays or errors in our offerings.

Conversely, any failure to successfully develop and deploy AI in our business activities, products and services could adversely affect our [removed: competitiveness (particularly] [added: competitiveness, particularly] if our competitors successfully deploy [removed: AI in their businesses, products and services),] [added: AI,] and the development and deployment of AI will require additional investment and increase our costs.

There also may be real or perceived social harm, [removed: unfairness,] [added: unfairness] or other outcomes that undermine public confidence in the use and deployment of AI.

Any of the foregoing may result in decreased demand for our products or harm to our business, financial [removed: statements] [added: condition] or reputation.

Compliance with new or changing laws, regulations or industry standards relating to AI [added: or failure to implement robust governance frameworks to address ethical considerations, such as fairness, transparency, and bias,] may impose significant costs and may limit our ability to develop, deploy or use AI technologies.

As of December 31, [removed: 2024,] [added: 2025,] we had over 21,000 employees of which approximately [removed: 6,300] [added: 6,100] were located in the United States.

Of those employees located outside of the United States, a significant portion are represented by works councils and labor unions, and of those employees located in the United States, approximately [removed: 380] [added: 370] are represented by labor unions.

The Organization for Economic Co-operation and Development (“OECD”) has a framework to implement a global minimum corporate tax of 15% for companies with global revenues and profits above certain thresholds (referred to as [removed: Pillar 2),] [added: “Pillar 2”),] with certain aspects of Pillar 2 effective January 1, 2024 and other aspects effective January 1, 2025.

See Note 1 “Summary of Significant Accounting Policies” and Note [removed: 17] [added: 16] “Income Taxes” to our audited consolidated financial statements included elsewhere in this Form 10-K for additional information related to our accounting for income tax matters.

Further, the specific future impacts of [removed: the Tax Act] [added: OBBBA] and Pillar 2 on holders of our common shares are uncertain and could in certain instances be adverse.

Although we make a significant effort to avoid infringing known proprietary rights of third parties, the steps we take to prevent misappropriation, infringement or other violation of the intellectual property of others may not be successful and from time to [added: time we may receive notice that a third party believes that our products may be infringing certain patents, tradenames or other proprietary rights of such third party.]

[removed: Responding to and defending such claims, regardless of their merit, can be costly and] time-consuming, can divert management’s attention and other resources, and we may not prevail.

We incurred restructuring charges of [removed: $31.2] [added: $51.4] million and [removed: $19.9] [added: $31.2] million in the years ended December 31, [removed: 2024] [added: 2025] and [removed: 2023,] [added: 2024,] respectively.

[added: Because substantially] all of our custom engineered product contracts are at a fixed price, we face the risk that cost overruns, delays, penalties or liquidated damages may exceed, erode or eliminate our expected profit margin, or cause us to record a loss on our projects.

As of December 31, [removed: 2024,] [added: 2025,] the net carrying value of goodwill and other intangible assets, net represented [removed: $12.5] [added: $12.7] billion, or 70%, of our total assets.

Significant negative industry or economic trends, disruptions to our business, inability to effectively integrate acquired businesses, unexpected significant changes or planned changes in use of our assets, changes in the structure of our business, divestitures, [removed: market capitalization declines, or increases in associated discount rates can impair our goodwill and other intangible assets.]

See Note [removed: 9] [added: 8] “Goodwill and Other Intangible Assets” to our audited consolidated financial statements included elsewhere in this Form 10-K for additional information related to impairment testing for goodwill and other intangible assets and the associated charges taken.

In addition, new laws and regulations, stricter enforcement of existing laws and regulations, the discovery of previously unknown contamination or the imposition of new cleanup requirements could require us to incur costs or become the basis for [added: new or increased liabilities that could have a material adverse effect on our business, financial condition, results of operations or liquidity.]

As of December 31, [removed: 2024,] [added: 2025,] our projected benefit obligations under our pension and other postretirement benefit plans exceeded the fair value of plan assets by [removed: $139.0] [added: $132.5] million (“unfunded status”).

As of December 31, [removed: 2024,] [added: 2025,] we had total indebtedness of [removed: $4,757.5] [added: $4,784.7] million, and we had availability of $2,600 million under each of the [removed: New] Revolving Credit Facility and Commercial Paper Program.

Our level of debt could have adverse consequences, including: making it more difficult for us to satisfy our obligations with respect to our debt; limiting our ability to obtain additional financing to fund future working capital, capital expenditures, investments or acquisitions, or other general corporate requirements; requiring a substantial portion of our cash flows to be dedicated to debt service payments instead of other purposes, thereby reducing the amount of cash flows available for working capital, capital expenditures, investments or acquisitions and other general corporate purposes; increasing our vulnerability to adverse changes in general economic, industry and competitive conditions; exposing us to the risk of increased interest rates as certain of our borrowings, including borrowings under the [removed: New] Revolving Credit Facility and portions of our Senior Notes which have been swapped to variable rates of interest; limiting our flexibility in planning for and reacting to changes in the industries in which we compete; placing us at a disadvantage compared to other, less leveraged competitors; increasing our cost of borrowing; and hampering our ability to execute on our growth strategy.

For a complete description of the Company’s debt and definitions of capitalized terms used in this section, see Note [removed: 12] [added: 11] “Debt” to our audited consolidated financial statements included elsewhere in this Form 10-K.

[removed: We may not be able to] implement any such alternative measures on commercially reasonable terms or at all and, even if successful, those alternative actions may not allow us to meet our scheduled debt service obligations.

If we cannot make scheduled payments on our debt, we will be in default and the lenders under the [removed: New] Revolving Credit Facility could terminate their commitments to loan money.

Although the credit agreement governing the [removed: New] Revolving Credit Facility contains restrictions on the incurrence of certain additional indebtedness, these restrictions are subject [added: to a number of qualifications and exceptions, and the additional indebtedness incurred in compliance with these restrictions could be substantial.]

For example, we can increase the borrowing availability under the [removed: New] Revolving Credit Facility by up to $1,000.0 million in the form of additional commitments in compliance with the [removed: New] Revolving Credit Facility.

For a complete description of the Company’s credit facilities and definitions of capitalized terms used in this section, see Note [removed: 12] [added: 11] “Debt” to our audited consolidated financial statements included elsewhere in this Form 10-K.

See Note [removed: 20] [added: 19] “Hedging Activities, Derivative Instruments and Credit Risk” to our audited consolidated financial statements included elsewhere in this Form 10-K.

If the syndicate of financial institutions which are parties to our [removed: New] Revolving Credit Facility (as defined herein) fail to extend credit under our [removed: New] Revolving Credit Facility, our liquidity and results of operations may be adversely affected.

We have access to capital through our [removed: New] Revolving Credit Facility.

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Russia-Ukraine war and conflicts in the Middle East); shipping products during times of crisis or war; and other factors inherent in foreign operations.

We compete

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Changes in U.S. tariff policy or reciprocal tariffs by foreign governments, remain uncertain and could impact our financial results.

The current U.S. presidential administration has implemented tariffs on imports from various countries, including tariffs on steel and aluminum products under Section 232 of the Trade Expansion Act of 1962, which also apply to certain derivative steel products used in our operations.

Some affected countries have announced or imposed reciprocal tariffs on U.S. goods.

These measures have contributed to higher costs for certain materials and components.

The extent and duration of these tariffs, and their effect on economic conditions and our business, remain uncertain and depend on factors such as legal challenges, negotiations between the U.S. and other countries, potential relief measures, availability and cost of alternative supply sources, and demand for our products in affected markets.

Tariffs may increase costs or reduce demand for our products, which could

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affect our financial results.

In addition, competitors may experience different levels of exposure or have greater ability to mitigate these impacts.

In addition, the successful development and deployment of AI in our business depends on our ability to timely and effectively upskill our existing workforce and attract and retain personnel with AI‑related skills and experience.

Competition for AI‑native talent is intense, and if we are unable to develop or recruit the necessary capabilities, we may be unable to fully realize potential efficiency gains, innovation opportunities or competitive advantages from AI, or to respond effectively to AI‑enabled competitive, technological or regulatory developments.

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On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law by the president of the United States.

It includes a broad range of tax reform provisions affecting businesses, including extending and modifying certain key provisions (both U.S. and non-U.S.) of the Tax Cuts & Jobs Act of 2017, and expanding certain Inflation Reduction Act incentives while accelerating the phase-out of others.

The impact of the OBBBA is currently reflected on our consolidated financial statements as of December 31, 2025 and we are continuing to assess the impact for future years.

We will continue to closely monitor developments in Pillar 2 tax legislation, as the final rules could materially affect our effective tax rate and cash tax obligations.

We are also subject to the examination of our tax returns and other tax matters by the U.S. Internal Revenue Service and other tax authorities and governmental bodies.

We regularly assess the likelihood of an adverse outcome resulting from these examinations to determine the adequacy of its provision for taxes.

The outcome of such examinations is inherently uncertain.

If our effective tax rates were to increase, or if the ultimate determination of our taxes owed is for an amount in excess of amounts

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previously accrued, our business, results of operations, financial condition and stock price could be materially adversely affected.

Responding to and defending such claims, regardless of their merit, can be costly and

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market capitalization declines, or increases in associated discount rates can impair our goodwill and other intangible assets.

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We may not be able to

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In the past, we have experienced disruptions to our supply deliveries for

Various presidential

For example, AI algorithms may be flawed or may be based on datasets that are biased or insufficient.

In 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (“Tax Act”).

The Tax Act makes broad and complex changes to the U.S. tax code that affected 2017 and 2018, including, but not limited to (1) requiring a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries that is payable over eight years and (2) bonus depreciation that will allow for full expensing of qualified property.

The Tax Act also established new tax laws that significantly affected recent and future tax years.

We do not expect Pillar 2 to have a material impact but we continue to monitor the tax law changes surrounding Pillar 2.

time we may receive notice that a third party believes that our products may be infringing certain patents, tradenames or other proprietary rights of such third party.

Because substantially

new or increased liabilities that could have a material adverse effect on our business, financial condition, results of operations or liquidity.

to a number of qualifications and exceptions, and the additional indebtedness incurred in compliance with these restrictions could be substantial.

Our products are sold under a collection of premier, market-leading brands, including Ingersoll Rand, Gardner Denver, Nash, CompAir, Thomas, Milton Roy, Seepex, Elmo Rietschle, ARO, Robuschi, ILC Dover, Emco Wheaton [added: and Runtech Systems, which we believe are globally recognized in their respective end-markets and known for product quality, reliability, efficiency and superior customer service.]

These attributes, along with over [removed: 160] [added: 165] years of engineering heritage, generate strong brand loyalty for our products and foster long-standing customer relationships, which we believe have resulted in leading market positions within each of our operating segments.

To support our customers and market presence, we maintain significant global scale with over 60 key manufacturing facilities, and over [removed: 40] [added: 50] complementary service and repair centers across six continents and over 21,000 employees worldwide as of December 31, [removed: 2024.][added: 2025.]

As a result, our aftermarket revenue is significant, representing [removed: 36.4%] [added: 36.5%] of total Company revenue in [removed: 2024.][added: 2025.]

We are subject to income tax in [removed: 48] [added: 49] jurisdictions outside of the United States.

A significant portion of our revenues, [removed: 55%] [added: 54%] for the year ended December 31, [removed: 2024,] [added: 2025,] was denominated in currencies other than the U.S. dollar.

While acquisitions, as discussed further in Note [removed: 4,] [added: 3,] are not individually significant or significant in the aggregate, they may be relevant when comparing our results from period to period.

See Note [removed: 4] [added: 3] “Acquisitions” to our audited consolidated financial statements included elsewhere in this Form 10-K for further discussion of these acquisitions.

Results of [removed: Continuing] Operations

This section discusses our results of [removed: continuing] operations for the year ended December 31, [removed: 2024] [added: 2025] as compared to the year ended December 31, [removed: 2023.][added: 2024.]

For a discussion and analysis of the year ended December 31, [removed: 2023,] [added: 2024,] compared to the same in [removed: 2022,] [added: 2023,] please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7 of our Annual Report on Form 10-K for the year ended December 31, [removed: 2023] [added: 2024] filed with the SEC on February [removed: 23, 2024.][added: 19, 2025.]

Consolidated Results of Operations for the Years Ended December 31, [removed: 2024] [added: 2025] and [removed: 2023][added: 2024]

| Revenues | | | $ | [removed: 7,235.0] [added: 7,650.9] | | | | | $ | [removed: 6,876.1] [added: 7,235.0] | |

| Cost of sales | | | [removed: 4,065.0] [added: 4,314.6] | | | | | | [removed: 3,993.9] [added: 4,065.0] | | |

| Gross Profit | | | [removed: 3,170.0] [added: 3,336.3] | | | | | | [removed: 2,882.2] [added: 3,170.0] | | |

| Selling and administrative expenses | | | [removed: 1,344.4] [added: 1,439.3] | | | | | | [removed: 1,272.7] [added: 1,344.4] | | |

| Amortization of intangible assets | | | [removed: 373.0] [added: 387.5] | | | | | | [removed: 367.5] [added: 373.0] | | |

| Impairment of other intangible assets | | | [removed: 13.9] [added: 43.7] | | | | | | [removed: —] [added: 13.9] | | |

| Other operating expense, net | | | [removed: 138.6] [added: 91.5] | | | | | | [removed: 77.7] [added: 138.6] | | |

| Operating Income | | | [removed: 1,300.1] [added: 1,144.6] | | | | | | [removed: 1,164.3] [added: 1,300.1] | | |

| Interest expense | | | [removed: 213.2] [added: 253.9] | | | | | | [removed: 156.7] [added: 213.2] | | |

| Loss on extinguishment of debt | | | [removed: 3.0] [added: —] | | | | | | [removed: 13.5] [added: 3.0] | | |

| Other income, net | | | [removed: (48.9)] [added: (44.6)] | | | | | | [removed: (37.0)] [added: (48.9)] | | |

| Income Before Income Taxes | | | [removed: 1,132.8] [added: 935.3] | | | | | | [removed: 1,031.1] [added: 1,132.8] | | |

| Provision for income taxes | | | [removed: 262.5] [added: 219.4] | | | | | | [removed: 240.0] [added: 262.5] | | |

| Loss on equity method investments | | | [removed: (24.0)] [added: (127.1)] | | | | | | [removed: (6.0)] [added: (24.0)] | | |

| Net Income | | | [removed: 846.3] [added: 588.8] | | | | | | [removed: 785.1] [added: 846.3] | | |

| Less: Net income attributable to noncontrolling interests | | | [removed: 7.7] [added: 7.4] | | | | | | [removed: 6.4] [added: 7.7] | | |

| Net Income Attributable to Ingersoll Rand Inc. | | | $ | [removed: 838.6] [added: 581.4] | | | | | $ | [removed: 778.7] [added: 838.6] | |

| Gross Profit | | | [removed: 43.8] [added: 43.6] | | % | | | | [removed: 41.9] [added: 43.8] | | % |

| Selling and administrative expenses | | | [removed: 18.6] [added: 18.8] | | % | | | | [removed: 18.5] [added: 18.6] | | % |

| Operating Income | | | [removed: 18.0] [added: 15.0] | | % | | | | [removed: 16.9] [added: 18.0] | | % |

| Net Income | | | [removed: 11.7] [added: 7.7] | | % | | | | [removed: 11.4] [added: 11.7] | | % |

| Adjusted EBITDA(1) | | | [removed: 27.9] [added: 27.4] | | % | | | | [removed: 26.0] [added: 27.9] | | % |

| Adjusted EBITDA(1) | | | $ | [removed: 2,018.1] [added: 2,093.8] | | | | | $ | [removed: 1,786.8] [added: 2,018.1] | |

| Adjusted net income(1) | | | [removed: 1,349.3] [added: 1,348.1] | | | | | | [removed: 1,215.8] [added: 1,349.3] | | |

| Cash flows - operating activities | | | [removed: 1,396.7] [added: 1,355.7] | | | | | | [removed: 1,377.4] [added: 1,396.7] | | |

| Cash flows - investing activities | | | [removed: (3,107.7)] [added: (660.6)] | | | | | | [removed: (1,060.5)] [added: (3,107.7)] | | |

| Cash flows - financing activities | | | [removed: 1,707.5] [added: (1,053.8)] | | | | | | [removed: (337.5)] [added: 1,707.5] | | |

| Free cash flow(1) | | | [removed: 1,247.6] [added: 1,220.1] | | | | | | [removed: 1,272.0] [added: 1,247.6] | | |

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| *(In millions, except percentages)* | | | 2025 | | | | | | 2024 | | |

| Impairment of goodwill | | | 229.7 | | | | | | — | | |

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The decrease in gross profit as a percentage of revenues is primarily due to unfavorable cost leverage on lower organic volumes and tariff related pricing targeted to offset tariff cost increases one for one.

*Impairment of Goodwill*

In the second quarter of 2025, the Company recognized non-cash impairments of goodwill of $229.7 million related to the Company’s Biopharma and Aerospace & Defense reporting units within the Precision and Science Technologies segment.

See Note 8 “Goodwill and Other Intangible Assets” to our audited consolidated financial statements included elsewhere in this Form 10-K for further details.

Impairment of other intangible assets was $43.7 million in 2025.

In the second quarter of 2025, $36.1 million was recorded to impair a recently acquired indefinite lived tradename within the Precision and Science Technologies segment.

In the fourth quarter of 2025, $7.6 million was recorded to impair a tradename that was rationalized and rebranded within the Industrial Technologies and Services segment.

See Note 8 “Goodwill and Other Intangible Assets” to our audited consolidated financial statements included elsewhere in this Form 10-K for further details.

See Note 8 “Goodwill and Other Intangible Assets” to our audited consolidated financial statements included elsewhere in this Form 10-K for further details.

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The decrease in the provision for income taxes and increase in the effective income tax provision rate in 2025 when compared to 2024 is primarily due to nondeductible impairment of goodwill, tradenames, and equity investment and a lower benefit from a windfall tax deduction in the 2025 period compared to the 2024 period.

Net income was $588.8 million in 2025, a decrease of $257.5 million compared to $846.3 million in 2024, primarily due to impairments of goodwill and other intangible assets and the impairment of an equity method investment in the second quarter of 2025.

See Note 8 “Goodwill and Other Intangible Assets” and Note 25 “Equity Method Investment” to our audited consolidated financial statements included elsewhere in this Form 10-K for further details.

Adjusted Net Income decreased $1.2 million to $1,348.1 million in 2025 compared to $1,349.3 million in 2024.

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| *(In millions, except percentages)* | | | 2025 | | | | | | 2024 | | | | | | 2025 vs. 2024 | | |

Segment Adjusted EBITDA in 2025 was $1,747.9 million, a decrease of $6.9 million, or 0.4%, from $1,754.8 million in 2024.

The decrease in Segment Adjusted EBITDA was primarily due to lower organic gross profit of $49.7 million or 2.8% and higher selling and administrative expenses of $31.1 million or 1.8%, partially offset by acquisitions of $54.6 million or 3.1%, and the favorable impact of foreign currencies of $20.3 million or 1.2%.

| *(In millions, except percentages)* | | | 2025 | | | | | | 2024 | | | | | | 2025 vs. 2024 | | |

The increase in Segment Orders was primarily due to acquisitions of $148.7 million or 10.6%, higher organic orders of $25.7 million or 1.8%, and the favorable impact of foreign currencies of $23.0 million or 1.6%.

The increase in Segment Adjusted EBITDA was due primarily to acquisitions of $37.9 million or 9.0%, higher organic gross profit of $11.1 million or 2.7%, the favorable impact of foreign currencies of $7.4 million or 1.8%, and lower selling and administrative expenses of $4.9 million or 1.2%.

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| *(In millions)* | | | 2025 | | | | | | 2024 | | |

| Impairment of goodwill and other intangible assets | | | 273.4 | | | | | | 13.9 | | |

| Loss on extinguishment of debt | | | — | | | | | | 3.0 | | |

| Interest expense | | | $ | 253.9 | | | | | $ | 213.2 | |

| Interest income on cash and cash equivalents | | | (30.0) | | | | | | (43.3) | | |

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| *(In millions)* | | | 2025 | | | | | | 2024 | | |

| *(In millions)* | | | 2025 | | | | | | 2024 | | |

| Provision for income taxes | | | $ | 219.4 | | | | | $ | 262.5 | |

| *(In millions)* | | | 2025 | | | | | | 2024 | | |

See Note 11 “Debt” to our audited consolidated financial statements included elsewhere in this Form 10-K for further details.

and Runtech Systems, which we believe are globally recognized in their respective end-markets and known for product quality, reliability, efficiency and superior customer service.

| | | | 2024 | | | | | | 2023 | | |

The increase in gross profit as a percentage of revenues is primarily due to increased price and input cost productivity improvements.

Loss on extinguishment of debt was $13.5 million in 2023, which was primarily related to the partial payoff of the Dollar Term Loan B.

The increase in the tax provision is primarily due to an increase in pre-tax book income.

The effective tax rate in 2024 is consistent with the effective tax rate in 2023.

Net income was $846.3 million in 2024, an increase of $61.2 million compared to $785.1 million in 2023, primarily due to the changes described above.

The increase in Adjusted EBITDA was primarily due to higher pricing of $153.3 million, acquisitions of $105.6 million, favorable cost productivity and

product mix of $60.4 million, and lower selling and administrative costs of $22.5 million, partially offset by lower organic sales volume of $104.5 million and the unfavorable impact of foreign currencies of $5.2 million.

Adjusted Net Income increased $133.5 million to $1,349.3 million in 2024 compared to $1,215.8 million in 2023.

Segment Adjusted EBITDA in 2024 was $1,754.8 million, an increase of $167.5 million, or 10.6%, from $1,587.3 million in 2023.

The increase in Segment Revenues was primarily due to acquisitions of $217.8 million or 17.5% and higher pricing of $28.0 million or 2.3%, partially offset by lower organic volumes of $72.2 million or 5.8%.

The increase in Segment Adjusted EBITDA was due primarily to acquisitions of $52.0 million or 13.9%, higher pricing of $28.0 million or 7.5%, and favorable cost productivity and product mix of $1.8 million or 0.5%, partially offset by lower organic sales volumes of $33.5 million or 9.0%, and higher selling and administrative expenses of $7.5 million or 2.0%.

The increase in inventory was primarily attributable to acquisitions completed in 2024.

| Cash flows provided by (used in) financing activities | | | 1,707.5 | | | | | | (337.5) | | |

significant judgments related to future cash flows, discount rates, competitive trends, margin and revenue growth assumptions including royalty rates, customer attrition rates and others.

No goodwill impairments were recorded in 2024 and the cushion of all reporting units was at least 60%, with the exception of two reporting units in our Precision and Science Technologies segment.

These two reporting units have goodwill totaling approximately $1.1 billion and limited cushions ranging from 5% to 16%.

The limited cushions are due to the fair values assigned from the recent ILC Dover acquisition.

There were no impairments identified or recognized during the year ended December 31, 2024.

An indefinite lived intangible held in the Precision and Science Technologies segment and recently acquired in the ILC Dover acquisition, with a carrying value of approximately $208 million had a cushion of approximately 6%.

As of December 31, [removed: 2024,] [added: 2025,] we had no variable rate debt outstanding.

As of December 31, [removed: 2024,] [added: 2025,] we were a variable rate payer on [removed: 7] [added: nine] interest rate swap contracts that effectively convert a total of [removed: $750.0] [added: $1,000.0] million of the Company’s fixed rate borrowings to variable rate borrowings.

See Note [removed: 20] [added: 19] “Hedging Activities, Derivative Instruments and Credit Risk” to our audited consolidated financial statements included elsewhere in this Form 10-K.

The following table presents the [added: annualized] impact of hypothetical changes in market interest rates across the yield curve by 100 basis points, including the effect of our interest rate swaps for the years ended December 31, [removed: 2024] [added: 2025] and [removed: 2023] [added: 2024] on our interest expense.

| 100 basis points | | | $ | [removed: 7.5] [added: 10.0] | | | | | $ | [removed: 7.4] [added: 7.5] | |

| (100) basis points | | | [removed: (7.5)] [added: (10.0)] | | | | | | [removed: (7.4)] [added: (7.5)] | | |

In 2024 [removed: and 2023,] the relative strengthening of the U.S. dollar against foreign currencies had [removed: a] [added: an] unfavorable impact on our revenues and results of operations.

The table below presents the percentage of revenues and gross profit by functional currency for the years ended December 31, [removed: 2024] [added: 2025] and [removed: 2023.][added: 2024.]

| Year Ended December 31, [removed: 2023] [added: 2025] | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Revenues | | | [removed: 45] [added: 46] | | % | | | | [removed: 26] [added: 25] | | % | | | | [removed: 13] [added: 10] | | % | | | | 4 | | % | | | | [removed: 12] [added: 15] | | % |

| Gross profit | | | [removed: 45] [added: 48] | | % | | | | [removed: 27] [added: 26] | | % | | | | [removed: 14] [added: 11] | | % | | | | 3 | | % | | | | [removed: 11] [added: 12] | | % |

We utilize foreign currency denominated debt obligations [removed: supplemented from time to time with] [added: and/or] cross currency interest rate swaps designated as net investment hedges [added: from time] to [added: time to] selectively hedge portions of our investment in non-U.S. subsidiaries.

These currency translation effects and offsetting impacts of our derivatives for the years ended December 31, [removed: 2024] [added: 2025] and [removed: 2023] [added: 2024] are summarized in Note [removed: 15] [added: 14] “Accumulated Other Comprehensive Income (Loss)” to our audited consolidated financial statements included elsewhere in this Form 10-K.

As of December 31, [removed: 2024,] [added: 2025,] we were party to [removed: nine] [added: ten] foreign currency forward contracts, all of which are carried on our balance sheet at fair value.

The table below presents, for the year ended December 31, [removed: 2024,] [added: 2025,] the hypothetical [added: change from the] effect of a 10% appreciation in the average exchange rate of the U.S. dollar relative to the principal foreign currencies in which our revenues and gross profit are denominated.

| | | | Year Ended December 31, [removed: 2024] [added: 2025] | | | | | | | | | | | | | | |

| [added: *(In millions)*] | | | Euro | | | | | | Chinese Renminbi | | | | | | British Pound | | |

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

| *(In millions)* | | | 2025 | | | | | | 2024 | | |

In 2025, the relative weakening of the U.S. dollar against foreign currencies had a favorable impact on our revenues and results of operations.

See Note 19 “Hedging Activities, Derivative Instruments and Credit Risk” to our audited consolidated financial statements included elsewhere in this Form 10-K.

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

| Revenues | | | $ | 194.4 | | | | | $ | 78.4 | | | | | $ | 28.8 | |

| Gross profit | | | 87.9 | | | | | | 35.6 | | | | | | 9.6 | | |

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

| | | | 2024 | | | | | | 2023 | | |

| Revenues | | | $ | 193.4 | | | | | $ | 79.3 | | | | | $ | 28.9 | |

| Gross profit | | | 88.4 | | | | | | 36.5 | | | | | | 10.2 | | |

Our products are sold under more than [removed: 80] [added: 90] market-leading brands, including Ingersoll Rand and Gardner Denver, which we believe are globally recognized in their respective end-markets and known for product quality, reliability, efficiency and superior customer service.

These attributes, along with over [removed: 160] [added: 165] years of engineering heritage, generate strong brand loyalty for our products and foster long-standing customer relationships, resulting in leading market positions within each of our operating segments.

Our products and services are critical to the processes and systems in which they are utilized, which are often complex and [added: for which] the cost of failure or downtime is high.

As a result, our customers place a high value on our application expertise, product [removed: reliability] [added: reliability,] and the responsiveness of our service.

To support our customers and market presence, we maintain significant global scale with over 60 key manufacturing facilities, and over [removed: 40] [added: 50] complementary service and repair centers across six continents and over 21,000 employees worldwide as of December 31, [removed: 2024.][added: 2025.]

As a result, our aftermarket revenue is significant, representing [removed: 36.4%] [added: 36.5%] of total Company revenue in [removed: 2024.][added: 2025.]

We design, manufacture, market and service a broad range of air and gas [removed: compression,] [added: compression and treatment equipment,] vacuum and blower products, fluid transfer equipment, loading systems, power tools and lifting equipment, [added: and other specialized equipment] including associated aftermarket parts, consumables and services.

We primarily sell under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle, and over [removed: 30] [added: 35] other brands.

Our vacuum pumps and compressors are used in many power generation, mining, oil and gas refining and processing, chemical processing and general industrial applications including flare gas and vapor recovery, geothermal gas removal, vacuum deaeration, water extraction in mining and [removed: paper] [added: paper,] and chlorine compression in petrochemical operations.

We sell our products through an integrated network of direct sales representatives and independent distributors, which is [removed: strategically] tailored to meet the dynamics of each target geography or end-market.

For example, the useful life of a compressor is, on average, between 10 and 12 [removed: years.][added: years, and requires service at regular intervals, beginning at the time of installation and continuing throughout the life of the product.]

Within life science tools and systems, our primary offerings include single-use powder [added: and liquid] handling systems and isolators for disposable process and [removed: powder containment,] [added: containment applications,] and contract design and productions for services for silicone, thermoplastic, and specialty components and assemblies for medical devices.

[removed: Our customer base is composed of a] wide range of end users in markets including life sciences, industrial manufacturing, water and waste water, chemical processing, [added: energy, food and beverage, agriculture and others.]

We completed or announced the acquisition of several businesses during [removed: 2024,] [added: 2025,] including the following:

Refer to Note [removed: 4] [added: 3] “Acquisitions” to our audited consolidated financial statements included elsewhere in this Form 10-K for further discussion of our acquisitions.

We repurchased [removed: $260.7] [added: $1,018.0] million of our common stock during the year ended December 31, [removed: 2024,] [added: 2025,] including [removed: $250.0] [added: $1,007.4] million of repurchases under our share repurchase program.

The Company paid cash dividends on our common stock of [removed: $32.3] [added: $31.8] million during the year ended December 31, [removed: 2024.][added: 2025.]

Industrial air compressors compress air [removed: to create pressure] [added: used] to power machinery, industrial tools, material handling systems and automated equipment.

Compressors can be either stationary or portable, depending on the requirements of the [removed: application or customer.][added: application.]

We focus on five [removed: basic] [added: primary] types of air compression technologies: rotary screw, reciprocating piston, scroll, rotary vane and centrifugal compressors.

Rotary vane compressors feature high efficiency, compact compression technology and can be found throughout all sectors of industry, including automotive, food and beverage, energy and [removed: manufacturing with specialized solutions within transit, gas and snow making.]

As an [removed: example of one such end-process,] [added: example,] within packaging, a vacuum will be used on blister packaging, foil handling, labeling, carton erection, stacking and palletizing (placing, stacking or transporting goods on pallets), as well as central vacuum supply for entire packaging departments.

Turbo blowers and side channel and radial blowers are dynamic technologies that [removed: have the ability to] accelerate gas or air through [removed: an] [added: a rotating] impeller and transform their kinetic energy at the discharge with some limitation on flexibility.

The Precision and Science Technologies segment designs, manufactures and markets a broad range of niche [removed: fluidics] [added: fluidics, liquid] and powder handling solutions for the life sciences, food and beverage, water and wastewater, general manufacturing, chemical processing, clean energy, aerospace, and other end markets.

[removed: Key] [added: Primary] technologies include positive displacement pumps, automated liquid handling systems, and single-use powder and liquid handling and containment systems.

[removed: Similarly, on our positive displacement progressive cavity sludge pumps, we sell monitoring devices and cloud-based software] for real-time pump health and performance monitoring, which prevents costly downtime in water treatment plants as well as in industrial installations.

Our principal competitors in sales of compression, vacuum and blower products include Atlas Copco, Flowserve, IDEX [removed: Corporation and] [added: Corporation,] Kaeser [removed: Compressors.][added: Compressors, Kaishan Group Co., Ltd. and Elgi Equipments Limited.]

We strive to collaborate with our customers and become an essential part of their engineering process by drawing on our deep industry and application engineering [removed: experience to develop best-in-class products that are critical to the processes and systems in which they operate.][added: experience.]

We sell our products directly to end-use customers and to certain OEMs, [added: EPCs (engineering, procurement,] and [added: construction firms) and] indirectly through independent distributors and sales representatives.

We use a direct sales force to serve [added: many] end-use customers and OEMs [removed: because these customers typically] [added: who] require higher levels of technical assistance, more coordinated shipment scheduling and more complex product service than customers that purchase through distributors.

We also provide our distributors with sales and product literature, advertising [removed: and sales promotions, order-entry and tracking systems and an annual restocking program.]

Our customer base is diverse, and we did not have any customer that individually provided more than 10% of [removed: 2024] [added: 2025] consolidated revenues.

As of December 31, [removed: 2024,] [added: 2025,] we had over 21,000 employees, with approximately [removed: 6,300] [added: 6,100] of them working in the United States.

Works councils and collective bargaining units represent a significant number of employees outside the United States, while approximately [removed: 380] [added: 370] employees in the United States are represented by labor unions.

In [removed: 2023,] [added: 2025,] the voluntary turnover rate was [removed: 12.2%] [added: 8.1%] and [removed: 8.7%] [added: 7.8%] for hourly and salaried employees, respectively.

[added: From that strategy, company objectives are finalized and] communicated from the Chief Executive Officer to initiate yearly objectives and development plans for all salaried [removed: employees.][added: employees at the beginning of each calendar year.]

We continue to offer our Ownership Works program to grant equity to all [added: eligible] new and acquired employees regardless of level in the organization.

In May [removed: 2024,] [added: 2025,] our Connections Engagement survey achieved an 88% participation rate, resulting in an engagement score of 81.

[removed: We have an] environmental policy that confirms our commitment to a clean environment and compliance with environmental laws.

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

Our customer base is composed of a

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

- In February 2025, the Company completed the acquisition of SSI Aeration, Inc. (“SSI”) for cash consideration of $97.8 million.

The business is a manufacturer of wastewater treatment plant equipment.

The acquisition will enable Ingersoll Rand to combine several technologies like low pressure compressors with SSI’s aeration offerings to provide a comprehensive, end-to-end solution.

- In July 2025, the Company completed the acquisition of Termomeccanica Industrial Compressors S.p.A.

(“TMIC”) and its subsidiary Adicomp S.p.A.

(“Adicomp”) (collectively “TMIC/Adicomp”) for cash consideration of $193.2 million.

TMIC is an international leader in the design and production of air and gas compressors and its subsidiary Adicomp provides engineered-to-order solutions in the renewable natural gas industry.

Rotary screw compressors (available in both oil-free and contact-cooled options) are well-suited for continuous processes due to their high reliability, compact size, and favorable noise profile.

Scroll compressors are commonly specified when oil-free air is needed, as in many medical, pharmaceutical, and food production applications.

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

manufacturing with specialized solutions within transit, gas and snow making.

Rotary lobe blowers, screw blowers and claw and vane blowers are highly durable and versatile positive displacement technologies that generate consistent air or gas flow across a range of operating conditions and discharge pressures.

Similarly, on our positive displacement progressive cavity sludge pumps, we sell monitoring devices and cloud-based software

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

and sales promotions, order-entry and tracking systems and an annual restocking program.

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

We have an

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

However, a customer typically services the compressor at regular intervals, starting within the first two years of purchase and continuing throughout the life of the product.

energy, food and beverage, agriculture and others.

- In February 2024, the Company completed the acquisition of Friulair S.r.l.

(“Friulair”) for initial cash consideration of $143.3 million and contingent consideration of up to approximately $11.0 million.

The business is a manufacturer of dryers, filters, aftercoolers, and accessories for the treatment of compressed air and its chiller product line.

- In June 2024, the Company completed the acquisition of Astronaut Topco, LP and Astronaut Topco GP, LLC (collectively “ILC Dover”) for initial cash consideration of $2,349.7 million and contingent consideration of up to $75.0 million.

ILC Dover’s offerings include solutions for biopharmaceutical, pharmaceutical, and medical device markets as well as products for the space industry.

- In October 2024, the Company completed the acquisition of Air Power Systems Co LLC (“APSCO”) for cash consideration of $113.2 million.

The business is a provider of hydraulic and pneumatic products and engineered solutions serving diverse specialty work truck vehicles.

APSCO’s offerings include hydraulic coolers, systems, and components in addition to pneumatic consoles, cylinders, valves, and switches.

Debt Borrowings

During the year ended December 31, 2024, we had net borrowings on long-term debt of $2,054.2 million.

The net borrowings included proceeds from the issuance of Senior Notes, partially offset by repayment of our Dollar Term Loan B and Dollar Term Loan.

Rotary screw compressors are a newer technology than reciprocating compressors and exhibit better suitability for continuous processes due to a more compact size, less maintenance and better noise profile.

Scroll compressors are most commonly seen where less oil-free air is needed, and is most commonly used in medical and food applications where the need for pure, clean and precise air is of great importance.

Management believes that we hold a leading position in our addressable portion of the global blower products market.

Rotary lobe blowers, screw blowers and claw and vane blowers are positive displacement technologies that have the ability to consistently move the same volume of gas or air and vary the volume flow according to the speed of the machine itself enabling it to adapt the flow condition in a flexible manner despite pressure in the system.

From that strategy, company objectives are finalized and

In 2024, we won two Brandon Hall Group Excellence Awards.

The Brandon Hall Group recognizes organizations that have successfully deployed programs, strategies, and tools that have achieved measurable results.

We received a gold award in the Talent Management Category for “Think and Act Like an Owner at Ingersoll Rand.”

For a detailed discussion of certain of these proceedings, lawsuits and administrative actions, see Note [removed: 22,] [added: 21,] “Contingencies” to our audited consolidated financial statements included elsewhere in this Form 10-K.

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

For the fiscal year ended December 31, [removed: 2024,] [added: 2025,] or

The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant on June 30, [removed: 2024] [added: 2025] was approximately [removed: $36.6] [added: $33.0] billion based on the closing price of such common equity on the New York Stock Exchange on such date.

The registrant had outstanding [removed: 403,083,248] [added: 391,617,994] shares of Common Stock, par value $0.01 per share, as of February [removed: 14, 2025.][added: 13, 2026.]

Portions of the Proxy Statement for the registrant’s [removed: 2025] [added: 2026] Annual Meeting of Stockholders are incorporated by reference in Part III of this report.

| [Item 1. [removed: Business](#i94e1128e1cee4d97aa372ede8fc9473a_13)] [added: Business](#i4bf0c9e1eda5455289d577864843fd35_13)] | | | [removed: [3](#i94e1128e1cee4d97aa372ede8fc9473a_13)] [added: [3](#i4bf0c9e1eda5455289d577864843fd35_13)] | | |

| [Item 1A. Risk [removed: Factors](#i94e1128e1cee4d97aa372ede8fc9473a_49)] [added: Factors](#i4bf0c9e1eda5455289d577864843fd35_49)] | | | [removed: [10](#i94e1128e1cee4d97aa372ede8fc9473a_49)] [added: [10](#i4bf0c9e1eda5455289d577864843fd35_49)] | | |

| [Item 1B. Unresolved Staff [removed: Comments](#i94e1128e1cee4d97aa372ede8fc9473a_160)] [added: Comments](#i4bf0c9e1eda5455289d577864843fd35_163)] | | | [removed: [19](#i94e1128e1cee4d97aa372ede8fc9473a_160)] [added: [19](#i4bf0c9e1eda5455289d577864843fd35_163)] | | |

| [Item 1C. [removed: Cybersecurity](#i94e1128e1cee4d97aa372ede8fc9473a_163)] [added: Cybersecurity](#i4bf0c9e1eda5455289d577864843fd35_166)] | | | [removed: [19](#i94e1128e1cee4d97aa372ede8fc9473a_163)] [added: [19](#i4bf0c9e1eda5455289d577864843fd35_166)] | | |

| [Item 3. Legal [removed: Proceedings](#i94e1128e1cee4d97aa372ede8fc9473a_169)] [added: Proceedings](#i4bf0c9e1eda5455289d577864843fd35_172)] | | | [removed: [20](#i94e1128e1cee4d97aa372ede8fc9473a_169)] [added: [20](#i4bf0c9e1eda5455289d577864843fd35_172)] | | |

| [Item 4. Mine Safety [removed: Disclosures](#i94e1128e1cee4d97aa372ede8fc9473a_172)] [added: Disclosures](#i4bf0c9e1eda5455289d577864843fd35_175)] | | | [removed: [20](#i94e1128e1cee4d97aa372ede8fc9473a_172)] [added: [21](#i4bf0c9e1eda5455289d577864843fd35_175)] | | |

| [Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity [removed: Securities](#i94e1128e1cee4d97aa372ede8fc9473a_178)] [added: Securities](#i4bf0c9e1eda5455289d577864843fd35_181)] | | | [removed: [21](#i94e1128e1cee4d97aa372ede8fc9473a_178)] [added: [22](#i4bf0c9e1eda5455289d577864843fd35_181)] | | |

| [Item 7. Management’s Discussion and Analysis of Financial Condition and Results of [removed: Operations](#i94e1128e1cee4d97aa372ede8fc9473a_187)] [added: Operations](#i4bf0c9e1eda5455289d577864843fd35_190)] | | | [removed: [21](#i94e1128e1cee4d97aa372ede8fc9473a_187)] [added: [22](#i4bf0c9e1eda5455289d577864843fd35_190)] | | |

| [Item 7A. Quantitative and Qualitative Disclosures About Market [removed: Risk](#i94e1128e1cee4d97aa372ede8fc9473a_253)] [added: Risk](#i4bf0c9e1eda5455289d577864843fd35_250)] | | | [removed: [35](#i94e1128e1cee4d97aa372ede8fc9473a_253)] [added: [36](#i4bf0c9e1eda5455289d577864843fd35_250)] | | |

| [Item 8. Financial Statements and Supplementary [removed: Data](#i94e1128e1cee4d97aa372ede8fc9473a_256)] [added: Data](#i4bf0c9e1eda5455289d577864843fd35_253)] | | | [removed: [37](#i94e1128e1cee4d97aa372ede8fc9473a_256)] [added: [39](#i4bf0c9e1eda5455289d577864843fd35_253)] | | |

| [Consolidated Statements of Operations - For the years ended December 31, [removed: 202](#i94e1128e1cee4d97aa372ede8fc9473a_259)[4](#i94e1128e1cee4d97aa372ede8fc9473a_259)[, 202](#i94e1128e1cee4d97aa372ede8fc9473a_259)[3](#i94e1128e1cee4d97aa372ede8fc9473a_259)] [added: 202](#i4bf0c9e1eda5455289d577864843fd35_256)[5](#i4bf0c9e1eda5455289d577864843fd35_256)[, 202](#i4bf0c9e1eda5455289d577864843fd35_256)[4](#i4bf0c9e1eda5455289d577864843fd35_256)] [and [removed: 202](#i94e1128e1cee4d97aa372ede8fc9473a_259)[2](#i94e1128e1cee4d97aa372ede8fc9473a_259)] [added: 202](#i4bf0c9e1eda5455289d577864843fd35_256)[3](#i4bf0c9e1eda5455289d577864843fd35_256)] | | | [removed: [38](#i94e1128e1cee4d97aa372ede8fc9473a_259)] [added: [40](#i4bf0c9e1eda5455289d577864843fd35_256)] | | |

| [Consolidated Statements of Comprehensive Income - For the years ended December 31, [removed: 202](#i94e1128e1cee4d97aa372ede8fc9473a_262)[4](#i94e1128e1cee4d97aa372ede8fc9473a_262)[, 202](#i94e1128e1cee4d97aa372ede8fc9473a_262)[3](#i94e1128e1cee4d97aa372ede8fc9473a_262)] [added: 202](#i4bf0c9e1eda5455289d577864843fd35_259)[5](#i4bf0c9e1eda5455289d577864843fd35_259)[, 202](#i4bf0c9e1eda5455289d577864843fd35_259)[4](#i4bf0c9e1eda5455289d577864843fd35_259)] [and [removed: 202](#i94e1128e1cee4d97aa372ede8fc9473a_262)[2](#i94e1128e1cee4d97aa372ede8fc9473a_262)] [added: 202](#i4bf0c9e1eda5455289d577864843fd35_259)[3](#i4bf0c9e1eda5455289d577864843fd35_259)] | | | [removed: [39](#i94e1128e1cee4d97aa372ede8fc9473a_262)] [added: [41](#i4bf0c9e1eda5455289d577864843fd35_259)] | | |

| [Consolidated Balance Sheets - As of December 31, [removed: 202](#i94e1128e1cee4d97aa372ede8fc9473a_265)[4](#i94e1128e1cee4d97aa372ede8fc9473a_265)] [added: 202](#i4bf0c9e1eda5455289d577864843fd35_262)[5](#i4bf0c9e1eda5455289d577864843fd35_262)] [and [removed: 202](#i94e1128e1cee4d97aa372ede8fc9473a_265)[3](#i94e1128e1cee4d97aa372ede8fc9473a_265)] [added: 202](#i4bf0c9e1eda5455289d577864843fd35_262)[4](#i4bf0c9e1eda5455289d577864843fd35_262)] | | | [removed: [40](#i94e1128e1cee4d97aa372ede8fc9473a_265)] [added: [42](#i4bf0c9e1eda5455289d577864843fd35_262)] | | |

| [Consolidated Statements of Stockholders’ Equity - For the years ended December 31, [removed: 202](#i94e1128e1cee4d97aa372ede8fc9473a_268)[4](#i94e1128e1cee4d97aa372ede8fc9473a_268)[, 202](#i94e1128e1cee4d97aa372ede8fc9473a_268)[3](#i94e1128e1cee4d97aa372ede8fc9473a_268)] [added: 202](#i4bf0c9e1eda5455289d577864843fd35_265)[5](#i4bf0c9e1eda5455289d577864843fd35_265)[, 202](#i4bf0c9e1eda5455289d577864843fd35_265)[4](#i4bf0c9e1eda5455289d577864843fd35_265)] [and [removed: 202](#i94e1128e1cee4d97aa372ede8fc9473a_268)[2](#i94e1128e1cee4d97aa372ede8fc9473a_268)] [added: 202](#i4bf0c9e1eda5455289d577864843fd35_265)[3](#i4bf0c9e1eda5455289d577864843fd35_265)] | | | [removed: [41](#i94e1128e1cee4d97aa372ede8fc9473a_268)] [added: [43](#i4bf0c9e1eda5455289d577864843fd35_265)] | | |

| [Consolidated Statements of Cash Flows - For the years ended December 31, [removed: 202](#i94e1128e1cee4d97aa372ede8fc9473a_271)[4](#i94e1128e1cee4d97aa372ede8fc9473a_271)[, 202](#i94e1128e1cee4d97aa372ede8fc9473a_271)[3](#i94e1128e1cee4d97aa372ede8fc9473a_271)] [added: 202](#i4bf0c9e1eda5455289d577864843fd35_268)[5](#i4bf0c9e1eda5455289d577864843fd35_268)[, 202](#i4bf0c9e1eda5455289d577864843fd35_268)[4](#i4bf0c9e1eda5455289d577864843fd35_268)] [and [removed: 202](#i94e1128e1cee4d97aa372ede8fc9473a_271)2] [added: 20](#i4bf0c9e1eda5455289d577864843fd35_268)[23](#i4bf0c9e1eda5455289d577864843fd35_268)] | | | [removed: [42](#i94e1128e1cee4d97aa372ede8fc9473a_271)] [added: [44](#i4bf0c9e1eda5455289d577864843fd35_268)] | | |

| [Notes to Consolidated Financial [removed: Statements](#i94e1128e1cee4d97aa372ede8fc9473a_274)] [added: Statements](#i4bf0c9e1eda5455289d577864843fd35_271)] | | | [removed: [44](#i94e1128e1cee4d97aa372ede8fc9473a_274)] [added: [45](#i4bf0c9e1eda5455289d577864843fd35_271)] | | |

| [Item 9. Changes in and Disagreements with Accountants on Accounting and Financial [removed: Disclosure](#i94e1128e1cee4d97aa372ede8fc9473a_373)] [added: Disclosure](#i4bf0c9e1eda5455289d577864843fd35_361)] | | | [removed: [93](#i94e1128e1cee4d97aa372ede8fc9473a_373)] [added: [94](#i4bf0c9e1eda5455289d577864843fd35_361)] | | |

| [Item 9A. Controls and [removed: Procedures](#i94e1128e1cee4d97aa372ede8fc9473a_376)] [added: Procedures](#i4bf0c9e1eda5455289d577864843fd35_364)] | | | [removed: [93](#i94e1128e1cee4d97aa372ede8fc9473a_376)] [added: [94](#i4bf0c9e1eda5455289d577864843fd35_364)] | | |

| [Item 9B. Other [removed: Information](#i94e1128e1cee4d97aa372ede8fc9473a_379)] [added: Information](#i4bf0c9e1eda5455289d577864843fd35_367)] | | | [removed: [94](#i94e1128e1cee4d97aa372ede8fc9473a_379)] [added: [95](#i4bf0c9e1eda5455289d577864843fd35_367)] | | |

| [Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent [removed: Inspections](#i94e1128e1cee4d97aa372ede8fc9473a_385)] [added: Inspections](#i4bf0c9e1eda5455289d577864843fd35_373)] | | | [removed: [94](#i94e1128e1cee4d97aa372ede8fc9473a_385)] [added: [95](#i4bf0c9e1eda5455289d577864843fd35_373)] | | |

| [Item 10. Directors, Executive Officers and Corporate [removed: Governance](#i94e1128e1cee4d97aa372ede8fc9473a_391)] [added: Governance](#i4bf0c9e1eda5455289d577864843fd35_379)] | | | [removed: [94](#i94e1128e1cee4d97aa372ede8fc9473a_391)] [added: [95](#i4bf0c9e1eda5455289d577864843fd35_379)] | | |

| [Item 11. Executive [removed: Compensation](#i94e1128e1cee4d97aa372ede8fc9473a_394)] [added: Compensation](#i4bf0c9e1eda5455289d577864843fd35_382)] | | | [removed: [94](#i94e1128e1cee4d97aa372ede8fc9473a_394)] [added: [95](#i4bf0c9e1eda5455289d577864843fd35_382)] | | |

| [Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder [removed: Matters](#i94e1128e1cee4d97aa372ede8fc9473a_397)] [added: Matters](#i4bf0c9e1eda5455289d577864843fd35_385)] | | | [removed: [94](#i94e1128e1cee4d97aa372ede8fc9473a_397)] [added: [95](#i4bf0c9e1eda5455289d577864843fd35_385)] | | |

| [Item 13. Certain Relationships and Related Transactions, and Director [removed: Independence](#i94e1128e1cee4d97aa372ede8fc9473a_400)] [added: Independence](#i4bf0c9e1eda5455289d577864843fd35_388)] | | | [removed: [95](#i94e1128e1cee4d97aa372ede8fc9473a_400)] [added: [96](#i4bf0c9e1eda5455289d577864843fd35_388)] | | |

| [Item 14. Principal Accountant Fees and [removed: Services](#i94e1128e1cee4d97aa372ede8fc9473a_403)] [added: Services](#i4bf0c9e1eda5455289d577864843fd35_391)] | | | [removed: [95](#i94e1128e1cee4d97aa372ede8fc9473a_403)] [added: [96](#i4bf0c9e1eda5455289d577864843fd35_391)] | | |

| [Item 15. Exhibits and Financial Statement [removed: Schedule](#i94e1128e1cee4d97aa372ede8fc9473a_409)] [added: Schedule](#i4bf0c9e1eda5455289d577864843fd35_397)] | | | [removed: [95](#i94e1128e1cee4d97aa372ede8fc9473a_409)] [added: [96](#i4bf0c9e1eda5455289d577864843fd35_397)] | | |

| [Item 16. Form 10-K [removed: Summary](#i94e1128e1cee4d97aa372ede8fc9473a_412)] [added: Summary](#i4bf0c9e1eda5455289d577864843fd35_400)] | | | [removed: [99](#i94e1128e1cee4d97aa372ede8fc9473a_412)] [added: [99](#i4bf0c9e1eda5455289d577864843fd35_400)] | | |

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

| [Item 2. Properties](#i4bf0c9e1eda5455289d577864843fd35_169) | | | [20](#i4bf0c9e1eda5455289d577864843fd35_169) | | |

| [PART II](#i4bf0c9e1eda5455289d577864843fd35_178) | | | | | |

| [Item 6. \[Reserved\]](#i4bf0c9e1eda5455289d577864843fd35_184) | | | [22](#i4bf0c9e1eda5455289d577864843fd35_184) | | |

| [PART III](#i4bf0c9e1eda5455289d577864843fd35_376) | | | | | |

| [PART IV](#i4bf0c9e1eda5455289d577864843fd35_394) | | | | | |

| [SIGNATURES](#i4bf0c9e1eda5455289d577864843fd35_403) | | | [100](#i4bf0c9e1eda5455289d577864843fd35_403) | | |

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

| [Item 2. Properties](#i94e1128e1cee4d97aa372ede8fc9473a_166) | | | [20](#i94e1128e1cee4d97aa372ede8fc9473a_166) | | |

| [PART II](#i94e1128e1cee4d97aa372ede8fc9473a_175) | | | | | |

| [Item 6. \[Reserved\]](#i94e1128e1cee4d97aa372ede8fc9473a_181) | | | [21](#i94e1128e1cee4d97aa372ede8fc9473a_181) | | |

| [PART III](#i94e1128e1cee4d97aa372ede8fc9473a_388) | | | | | |

| [PART IV](#i94e1128e1cee4d97aa372ede8fc9473a_406) | | | | | |

| [SIGNATURES](#i94e1128e1cee4d97aa372ede8fc9473a_415) | | | [100](#i94e1128e1cee4d97aa372ede8fc9473a_415) | | |

Our CISO reports directly to the CIO and has [removed: 20] [added: over 25] years of [removed: IT experience] [added: cyber security experience,] including [added: cyber] leadership roles at various [removed: companies with enterprise responsibility for IT audit, IT infrastructure, and cybersecurity.][added: companies.]

We periodically engage external subject matter experts who provide independent qualitative and quantitative assessments of the cybersecurity program maturity and response [removed: readiness.]

Quarterly updates are provided by the CISO to the Cybersecurity Governance Committee [removed: comprised of cross functional senior management] regarding the effectiveness of cybersecurity program and its ability to monitor the prevention, detection, mitigation, and remediation of cybersecurity incidents.

[removed: Our] [added: Cross functional senior management comprise our] Cybersecurity Governance [removed: Committee] [added: Committee, which] is responsible for monitoring and coordinating enterprise cybersecurity policy and strategy, and for providing guidance to key management and oversight bodies.

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

readiness.

| Americas | | | [removed: 18] [added: 16] | | | | | | | | | | | | [removed: 26] [added: 35] | | | | | | [removed: 44] [added: 51] | | |

| EMEIA(1) | | | [removed: 18] [added: 20] | | | | | | | | | | | | [removed: 30] [added: 40] | | | | | | [removed: 48] [added: 60] | | |

| APAC(2) | | | [removed: 9] [added: 7] | | | | | | | | | | | | [removed: 12] [added: 11] | | | | | | [removed: 21] [added: 18] | | |

| Industrial Technologies and Services Total | | | [removed: 45] [added: 43] | | | | | | | | | | | | [removed: 68] [added: 86] | | | | | | [removed: 113] [added: 129] | | |

| Americas | | | [removed: 12] [added: 14] | | | | | | | | | | | | [removed: 8] [added: 9] | | | | | | [removed: 20] [added: 23] | | |

| APAC(2) | | | [removed: 2] [added: 3] | | | | | | | | | | | | [removed: 5] [added: 3] | | | | | | [removed: 7] [added: 6] | | |

| Precision and Science Technologies Total | | | [removed: 25] [added: 28] | | | | | | | | | | | | [removed: 16] [added: 15] | | | | | | [removed: 41] [added: 43] | | |

| Americas | | | 30 | | | | | | | | | | | | [removed: 34] [added: 44] | | | | | | [removed: 64] [added: 74] | | |

| EMEIA(1) | | | [removed: 29] [added: 31] | | | | | | | | | | | | [removed: 33] [added: 43] | | | | | | [removed: 62] [added: 74] | | |

| APAC(2) | | | [removed: 11] [added: 10] | | | | | | | | | | | | [removed: 17] [added: 14] | | | | | | [removed: 28] [added: 24] | | |

| Company Total | | | [removed: 70] [added: 71] | | | | | | | | | | | | [removed: 84] [added: 101] | | | | | | [removed: 154] [added: 172] | | |

Of the [removed: 154] [added: 172] significant properties included in the above table, [removed: 102] [added: 120] of the properties are leased and 52 of the properties are owned.

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

Our Common Stock, $0.01 par value per share, trades on the New York Stock Exchange (“NYSE”) under the symbol “IR.” As of January 31, [removed: 2025,] [added: 2026,] there were [removed: 2,121] [added: 1,946] holders of record of our common stock.

We declared and paid dividends of $0.08 per share to the holders of our common stock in each of the years ended December 31, [removed: 2024] [added: 2025] and [removed: 2023.][added: 2024.]

The following table contains detail related to the repurchase of our common stock based on the date of trade during the quarter ended December 31, [removed: 2024.][added: 2025.]

| [removed: 2024] [added: 2025] Fourth Quarter Months | | | Total Number of Shares Purchased(1) | | | | | | Average Price Paid Per Share(2) | | | | | | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(3) | | | | | | Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(3) | | |

(1)Includes shares of common stock surrendered to us to satisfy tax withholding obligations in connection with the vesting of certain restricted stock units, comprised of [removed: 94] [added: 374] shares in the period from November 1, [removed: 2024] [added: 2025] to November 30, [removed: 2024.][added: 2025 and 88 shares in the period from December 1, 2025 to December 31, 2025.]

[removed: These] [added: The] authorizations do not have any expiration date.

| October 1, 2025 - October 31, 2025 | | | — | | | | | | $ | — | | | | | — | | | | | | $ | 1,300,226,508 | |

| November 1, 2025 - November 30, 2025 | | | 3,430,348 | | | | | | $ | 77.18 | | | | | 3,429,974 | | | | | | $ | 1,035,579,896 | |

| December 1, 2025 - December 31, 2025 | | | 627,785 | | | | | | $ | 79.66 | | | | | 627,697 | | | | | | $ | 985,587,408 | |

| | | | 4,058,133 | | | | | | | | | | | | 4,057,671 | | | | | | | | |

On May 1, 2025, the Company announced that its Board of Directors authorized a $1.0 billion increase to the Company’s share repurchase program.

Under the repurchase program, Ingersoll Rand may from time to time repurchase shares of the Company’s common stock in the open market at prevailing market prices (including through Rule 10b5-1 plans), in privately negotiated transactions, a combination thereof, or through other transactions.

The actual timing, number, manner, and value of any shares repurchased will depend on several factors, including the market price of the Company’s stock, general market and economic conditions, the Company’s liquidity requirements, applicable legal requirements, and other business considerations.

| October 1, 2024 - October 31, 2024 | | | 403,653 | | | | | | $ | 99.11 | | | | | 403,653 | | | | | | $ | 1,015,533,222 | |

| November 1, 2024 - November 30, 2024 | | | 153,121 | | | | | | $ | 102.94 | | | | | 153,027 | | | | | | $ | 999,783,985 | |

| December 1, 2024 - December 31, 2024 | | | 65,200 | | | | | | $ | 103.56 | | | | | 65,200 | | | | | | $ | 993,033,246 | |

| | | | 621,974 | | | | | | | | | | | | 621,880 | | | | | | | | |

| [Consolidated Statements of [removed: Operations](#i94e1128e1cee4d97aa372ede8fc9473a_259)] [added: Operations](#i4bf0c9e1eda5455289d577864843fd35_256)] | | | [removed: [38](#i94e1128e1cee4d97aa372ede8fc9473a_259)] [added: [40](#i4bf0c9e1eda5455289d577864843fd35_256)] | | |

| [Consolidated Statements of Comprehensive [removed: Income](#i94e1128e1cee4d97aa372ede8fc9473a_262)] [added: Income](#i4bf0c9e1eda5455289d577864843fd35_259)] | | | [removed: [39](#i94e1128e1cee4d97aa372ede8fc9473a_262)] [added: [41](#i4bf0c9e1eda5455289d577864843fd35_259)] | | |

| [Consolidated Balance [removed: Sheets](#i94e1128e1cee4d97aa372ede8fc9473a_265)] [added: Sheets](#i4bf0c9e1eda5455289d577864843fd35_262)] | | | [removed: [40](#i94e1128e1cee4d97aa372ede8fc9473a_265)] [added: [42](#i4bf0c9e1eda5455289d577864843fd35_262)] | | |

| [Consolidated Statements of Stockholders’ [removed: Equity](#i94e1128e1cee4d97aa372ede8fc9473a_268)] [added: Equity](#i4bf0c9e1eda5455289d577864843fd35_265)] | | | [removed: [41](#i94e1128e1cee4d97aa372ede8fc9473a_268)] [added: [43](#i4bf0c9e1eda5455289d577864843fd35_265)] | | |

| [Consolidated Statements of Cash [removed: Flows](#i94e1128e1cee4d97aa372ede8fc9473a_271)] [added: Flows](#i4bf0c9e1eda5455289d577864843fd35_268)] | | | [removed: [42](#i94e1128e1cee4d97aa372ede8fc9473a_271)] [added: [44](#i4bf0c9e1eda5455289d577864843fd35_268)] | | |

| [Note 1: Summary of Significant Accounting [removed: Policies](#i94e1128e1cee4d97aa372ede8fc9473a_277)] [added: Policies](#i4bf0c9e1eda5455289d577864843fd35_274)] | | | [removed: [44](#i94e1128e1cee4d97aa372ede8fc9473a_277)] [added: [45](#i4bf0c9e1eda5455289d577864843fd35_274)] | | |

| [Note 2: New Accounting [removed: Standards](#i94e1128e1cee4d97aa372ede8fc9473a_280)] [added: Standards](#i4bf0c9e1eda5455289d577864843fd35_277)] | | | [removed: [49](#i94e1128e1cee4d97aa372ede8fc9473a_280)] [added: [50](#i4bf0c9e1eda5455289d577864843fd35_277)] | | |

[removed: | [Note 4: Acquisitions](#i94e1128e1cee4d97aa372ede8fc9473a_289) | | | [50](#i94e1128e1cee4d97aa372ede8fc9473a_289) | | |][added: Note 3: Acquisitions]

[removed: | [Note 5: Restructuring](#i94e1128e1cee4d97aa372ede8fc9473a_295) | | | [54](#i94e1128e1cee4d97aa372ede8fc9473a_295) | | |][added: Note 4: Restructuring]

[removed: | [Note 6:] [added: Note 5:] Allowance for Credit [removed: Losses](#i94e1128e1cee4d97aa372ede8fc9473a_298) | | | [55](#i94e1128e1cee4d97aa372ede8fc9473a_298) | | |][added: Losses]

[removed: | [Note 7: Inventories](#i94e1128e1cee4d97aa372ede8fc9473a_301) | | | [55](#i94e1128e1cee4d97aa372ede8fc9473a_301) | | |][added: Note 6: Inventories]

[removed: | [Note 8:] [added: Note 7:] Property, Plant and [removed: Equipment](#i94e1128e1cee4d97aa372ede8fc9473a_304) | | | [55](#i94e1128e1cee4d97aa372ede8fc9473a_304) | | |][added: Equipment]

[removed: | [Note 9:] [added: Note 8:] Goodwill and Other Intangible [removed: Assets](#i94e1128e1cee4d97aa372ede8fc9473a_307) | | | [56](#i94e1128e1cee4d97aa372ede8fc9473a_307) | | |][added: Assets]

[removed: | [Note 10:] [added: Note 9:] Supply Chain Finance [removed: Program](#i94e1128e1cee4d97aa372ede8fc9473a_2489) | | | [57](#i94e1128e1cee4d97aa372ede8fc9473a_2489) | | |][added: Program]

[removed: | [Note 1](#i94e1128e1cee4d97aa372ede8fc9473a_310)[1](#i94e1128e1cee4d97aa372ede8fc9473a_310)[:] [added: Note 10:] Accrued [removed: Liabilities](#i94e1128e1cee4d97aa372ede8fc9473a_310) | | | [58](#i94e1128e1cee4d97aa372ede8fc9473a_310) | | |][added: Liabilities]

[removed: | [Note 1](#i94e1128e1cee4d97aa372ede8fc9473a_313)[2](#i94e1128e1cee4d97aa372ede8fc9473a_313)[: Debt](#i94e1128e1cee4d97aa372ede8fc9473a_313) | | | [58](#i94e1128e1cee4d97aa372ede8fc9473a_313) | | |][added: Note 11: Debt]

[removed: | [Note 1](#i94e1128e1cee4d97aa372ede8fc9473a_316)[3](#i94e1128e1cee4d97aa372ede8fc9473a_316)[:] [added: Note 12:] Benefit [removed: Plans](#i94e1128e1cee4d97aa372ede8fc9473a_316) | | | [61](#i94e1128e1cee4d97aa372ede8fc9473a_316) | | |][added: Plans]

[removed: | [Note 1](#i94e1128e1cee4d97aa372ede8fc9473a_322)[4](#i94e1128e1cee4d97aa372ede8fc9473a_322)[:] [added: Note 13:] Stockholders’ Equity and Noncontrolling [removed: Interests](#i94e1128e1cee4d97aa372ede8fc9473a_322) | | | [68](#i94e1128e1cee4d97aa372ede8fc9473a_322) | | |][added: Interests]

[removed: | [Note 1](#i94e1128e1cee4d97aa372ede8fc9473a_325)[5](#i94e1128e1cee4d97aa372ede8fc9473a_325)[:] [added: Note 14:] Accumulated Other Comprehensive Income [removed: (Loss)](#i94e1128e1cee4d97aa372ede8fc9473a_325) | | | [68](#i94e1128e1cee4d97aa372ede8fc9473a_325) | | |][added: (Loss)]

[removed: | [Note 1](#i94e1128e1cee4d97aa372ede8fc9473a_328)[6](#i94e1128e1cee4d97aa372ede8fc9473a_328)[:] [added: Note 15:] Revenue from Contracts with [removed: Customers](#i94e1128e1cee4d97aa372ede8fc9473a_328) | | | [70](#i94e1128e1cee4d97aa372ede8fc9473a_328) | | |][added: Customers]

[removed: | [Note 1](#i94e1128e1cee4d97aa372ede8fc9473a_337)[7](#i94e1128e1cee4d97aa372ede8fc9473a_337)[:] [added: Note 16:] Income [removed: Taxes](#i94e1128e1cee4d97aa372ede8fc9473a_337) | | | [72](#i94e1128e1cee4d97aa372ede8fc9473a_337) | | |][added: Taxes]

[removed: | [Note 1](#i94e1128e1cee4d97aa372ede8fc9473a_340)[8](#i94e1128e1cee4d97aa372ede8fc9473a_340)[: Leases](#i94e1128e1cee4d97aa372ede8fc9473a_340) | | | [75](#i94e1128e1cee4d97aa372ede8fc9473a_340) | | |][added: Note 17: Leases]

[removed: | [Note 1](#i94e1128e1cee4d97aa372ede8fc9473a_343)[9](#i94e1128e1cee4d97aa372ede8fc9473a_343)[:] [added: Note 18:] Stock-Based Compensation [removed: Plans](#i94e1128e1cee4d97aa372ede8fc9473a_343) | | | [76](#i94e1128e1cee4d97aa372ede8fc9473a_343) | | |][added: Plans]

[removed: | [Note](#i94e1128e1cee4d97aa372ede8fc9473a_346) [20](#i94e1128e1cee4d97aa372ede8fc9473a_346)[:] [added: Note 19:] Hedging Activities, Derivative Instruments and Credit [removed: Risk](#i94e1128e1cee4d97aa372ede8fc9473a_346) | | | [79](#i94e1128e1cee4d97aa372ede8fc9473a_346) | | |][added: Risk]

[removed: | [Note 2](#i94e1128e1cee4d97aa372ede8fc9473a_349)[1](#i94e1128e1cee4d97aa372ede8fc9473a_349)[:] [added: Note 20:] Fair Value [removed: Measurements](#i94e1128e1cee4d97aa372ede8fc9473a_349) | | | [83](#i94e1128e1cee4d97aa372ede8fc9473a_349) | | |][added: Measurements]

[removed: | [Note 2](#i94e1128e1cee4d97aa372ede8fc9473a_352)[2](#i94e1128e1cee4d97aa372ede8fc9473a_352)[: Contingencies](#i94e1128e1cee4d97aa372ede8fc9473a_352) | | | [84](#i94e1128e1cee4d97aa372ede8fc9473a_352) | | |][added: Note 21: Contingencies]

[removed: | [Note 2](#i94e1128e1cee4d97aa372ede8fc9473a_355)[3](#i94e1128e1cee4d97aa372ede8fc9473a_355)[:] [added: Note 22:] Other Operating Expense, [removed: Net](#i94e1128e1cee4d97aa372ede8fc9473a_355) | | | [86](#i94e1128e1cee4d97aa372ede8fc9473a_355) | | |][added: Net]

[removed: | [Note 2](#i94e1128e1cee4d97aa372ede8fc9473a_358)[4](#i94e1128e1cee4d97aa372ede8fc9473a_358)[:] [added: Note 23:] Segment [removed: Reporting](#i94e1128e1cee4d97aa372ede8fc9473a_358) | | | [86](#i94e1128e1cee4d97aa372ede8fc9473a_358) | | |][added: Reporting]

[removed: | [Note 2](#i94e1128e1cee4d97aa372ede8fc9473a_364)[5](#i94e1128e1cee4d97aa372ede8fc9473a_364)[:] [added: Note 24:] Earnings Per [removed: Share](#i94e1128e1cee4d97aa372ede8fc9473a_364) | | | [88](#i94e1128e1cee4d97aa372ede8fc9473a_364) | | |][added: Share]

| [Report Of Independent Registered Public Accounting [removed: Firm](#i94e1128e1cee4d97aa372ede8fc9473a_370)] [added: Firm](#i4bf0c9e1eda5455289d577864843fd35_358)] (PCAOB ID 34) | | | [removed: [90](#i94e1128e1cee4d97aa372ede8fc9473a_370)] [added: [91](#i4bf0c9e1eda5455289d577864843fd35_358)] | | |

| | | | [removed: 2024] | | | | | | [removed: 2023] [added: 2024] | | | | | | [removed: 2022] [added: 2023] | | |

| Revenues | | | $ | [removed: 7,235.0] [added: 7,650.9] | | | | | $ | [removed: 6,876.1] [added: 7,235.0] | | | | | $ | [removed: 5,916.3] [added: 6,876.1] | |

| Cost of sales | | | [removed: 4,065.0] [added: 4,314.6] | | | | | | [removed: 3,993.9] [added: 4,065.0] | | | | | | [removed: 3,590.7] [added: 3,993.9] | | |

| Gross Profit | | | [removed: 3,170.0] [added: 3,336.3] | | | | | | [removed: 2,882.2] [added: 3,170.0] | | | | | | [removed: 2,325.6] [added: 2,882.2] | | |

| Selling and administrative expenses | | | [removed: 1,344.4] [added: 1,439.3] | | | | | | [removed: 1,272.7] [added: 1,344.4] | | | | | | [removed: 1,095.8] [added: 1,272.7] | | |

| Amortization of intangible assets | | | [removed: 373.0] [added: 387.5] | | | | | | [removed: 367.5] [added: 373.0] | | | | | | [removed: 347.6] [added: 367.5] | | |

| Impairment of other intangible assets | | | [removed: 13.9] [added: 43.7] | | | | | | [removed: —] [added: 13.9] | | | | | | — | | |

| Other operating expense, net | | | [removed: 138.6] [added: 91.5] | | | | | | [removed: 77.7] [added: 138.6] | | | | | | [removed: 64.9] [added: 77.7] | | |

| Operating Income | | | [removed: 1,300.1] [added: 1,144.6] | | | | | | [removed: 1,164.3] [added: 1,300.1] | | | | | | [removed: 817.3] [added: 1,164.3] | | |

| Interest expense | | | [removed: 213.2] [added: 253.9] | | | | | | [removed: 156.7] [added: 213.2] | | | | | | [removed: 103.2] [added: 156.7] | | |

| [Note](#i4bf0c9e1eda5455289d577864843fd35_298) [8](#i4bf0c9e1eda5455289d577864843fd35_298)[: Goodwill and Other Intangible Assets](#i4bf0c9e1eda5455289d577864843fd35_298) | | | [57](#i4bf0c9e1eda5455289d577864843fd35_298) | | |

| [Note 25: Equity Method Investment](#i4bf0c9e1eda5455289d577864843fd35_2440) | | | [90](#i4bf0c9e1eda5455289d577864843fd35_2440) | | |

| | | | | | |

| | | | | | |

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

| Impairment of goodwill | | | 229.7 | | | | | | — | | | | | | — | | |

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

| Net income | | | — | | | | | | — | | | | | | — | | | | | | 581.4 | | | | | | — | | | | | | — | | | | | | 581.4 | | | | | | 7.4 | | | | | | 588.8 | | |

| Balance at December 31, 2025 | | | 431.8 | | | | | | $ | 4.3 | | | | | $ | 9,699.9 | | | | | $ | 3,053.1 | | | | | $ | (148.3) | | | | | $ | (2,519.2) | | | | | $ | 10,089.8 | | | | | $ | 64.2 | | | | | $ | 10,154.0 | |

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

| Amortization of intangible assets | | | 387.5 | | | | | | 373.0 | | | | | | 367.5 | | |

| Impairment of goodwill and other intangible assets | | | 273.4 | | | | | | 13.9 | | | | | | — | | |

| Loss on extinguishment of debt | | | — | | | | | | 3.0 | | | | | | 13.5 | | |

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

The amendments in this update were applied prospectively.

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit 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.

Early adoption is permitted.

Management is currently evaluating this ASU to determine its impact on the Company’s consolidated financial statements and related disclosures.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which amends guidance related to the accounting for internal-use software development costs.

The amendment is intended to modernize the recognition and capitalization framework to reflect current software development practices.

The amendment is effective for fiscal years beginning after December 15, 2027.

The amendment can be applied on a prospective basis, a modified basis for in-process projects, or a retrospective basis.

Early adoption is permitted.

Management is currently evaluating this ASU to determine its impact on the Company’s consolidated financial statements and related disclosures.

In November 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements, which more closely aligns hedge accounting with the economics of an entity’s risk management activities to better reflect those strategies in financial reporting by enabling entities to achieve and maintain hedge accounting for highly effective economic hedges of forecasted transactions.

The amendment is effective for fiscal years beginning after December 15, 2027.

Early adoption is permitted.

Management is currently evaluating this ASU to determine its impact on the Company’s consolidated financial statements and related disclosures.

2025 Acquisitions

On February 3, 2025, the Company completed the acquisition of SSI Aeration, Inc. (“SSI”) for cash consideration of $97.8 million.

The business is a manufacturer of wastewater treatment plant equipment.

| [Note 3: Discontinued Operations](#i94e1128e1cee4d97aa372ede8fc9473a_286) | | | [50](#i94e1128e1cee4d97aa372ede8fc9473a_286) | | |

| [Note 2](#i94e1128e1cee4d97aa372ede8fc9473a_367)[6](#i94e1128e1cee4d97aa372ede8fc9473a_367)[: Subsequent Events](#i94e1128e1cee4d97aa372ede8fc9473a_367) | | | [89](#i94e1128e1cee4d97aa372ede8fc9473a_367) | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Income from Continuing Operations | | | 846.3 | | | | | | 785.1 | | | | | | 593.3 | | |

| Income from discontinued operations, net of tax | | | — | | | | | | — | | | | | | 15.2 | | |

| Amounts attributable to Ingersoll Rand Inc. common stockholders: | | | | | | | | | | | | | | | | | |

| Income from continuing operations, net of tax | | | $ | 838.6 | | | | | $ | 778.7 | | | | | $ | 589.5 | |

| Earnings from continuing operations | | | $ | 2.08 | | | | | $ | 1.92 | | | | | $ | 1.45 | |

| Earnings from discontinued operations | | | — | | | | | | — | | | | | | 0.04 | | |

| Net earnings | | | 2.08 | | | | | | 1.92 | | | | | | 1.49 | | |

| Earnings from continuing operations | | | $ | 2.06 | | | | | $ | 1.90 | | | | | $ | 1.44 | |

| Net earnings | | | 2.06 | | | | | | 1.90 | | | | | | 1.47 | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Balance at December 31, 2021 | | | 423.8 | | | | | | $ | 4.3 | | | | | $ | 9,408.6 | | | | | $ | 378.6 | | | | | $ | (41.6) | | | | | $ | (748.4) | | | | | $ | 9,001.5 | | | | | $ | 69.7 | | | | | $ | 9,071.2 | |

| Net income | | | — | | | | | | — | | | | | | — | | | | | | 604.7 | | | | | | — | | | | | | — | | | | | | 604.7 | | | | | | 3.8 | | | | | | 608.5 | | |

| Income from continuing operations | | | 846.3 | | | | | | 785.1 | | | | | | 593.3 | | |

| Payments of interest rate cap premiums | | | — | | | | | | — | | | | | | (13.4) | | |

| Cash Flows Used In Discontinued Operations | | | | | | | | | | | | | | | | | |

| Net cash used in operating activities | | | — | | | | | | — | | | | | | (5.1) | | |

| Net cash provided by investing activities | | | — | | | | | | — | | | | | | 4.4 | | |

| Net cash used in discontinued operations | | | — | | | | | | — | | | | | | (0.7) | | |

Early adoption is permitted for annual statements that have not yet been issued or made available for issuance.

Retrospective application is permitted.

Note 3: Discontinued Operations

Discontinued operations consist of two formerly-owned businesses, Specialty Vehicle Technologies (“SVT” or “Club Car”) and High Pressure Solutions (“HPS”).

The results of operations, financial positions and cash flows of these businesses are reported as discontinued operations for all periods presented in these consolidated financial statements.

Specialty Vehicle Technologies

On April 9, 2021, the Company entered into an agreement to sell Club Car to private equity firm Platinum Equity Advisors, LLC (“Platinum Equity”) for $1.68 billion in cash.

The sale was substantially completed on June 1, 2021 and concluded in the third quarter of 2022.

High Pressure Solutions

On February 14, 2021, the Company entered into an agreement to sell its majority interest in High Pressure Solutions to private equity firm American Industrial Partners.

In exchange for its majority interest of 55%, the Company received net cash proceeds of $278.3 million and retained a 45% common equity interest in the newly-formed entity comprising the HPS business.

This sale was substantially completed on April 1, 2021.

Financial information of discontinued operations

The results of operations of SVT and HPS are presented as discontinued operations for the year ended December 31, 2022 as summarized below:

| | | | | | | | | | | | | | | | Specialty Vehicle Technologies | | | | | | | | | | | | | | | | | | High Pressure Solutions | | | | | | | | | | | | | | | | | | Total | | |

| Revenues | | | | | | | | | | | | | | | $ | 6.6 | | | | | | | | | | | | | | | | | $ | — | | | | | | | | | | | | | | | | | $ | 6.6 | |

| Cost of sales | | | | | | | | | | | | | | | 6.5 | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | | | | | 6.5 | | |

| Gross Profit | | | | | | | | | | | | | | | 0.1 | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | | | | | 0.1 | | |

Our management, with the participation of our principal executive officer and principal financial officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of December 31, [removed: 2024.][added: 2025.]

Consistent with guidance issued by the [removed: Securities and Exchange Commission] [added: SEC] that an assessment of a recently acquired business may be omitted from management’s report on internal control over financial reporting in the year of acquisition, management excluded an assessment of the effectiveness of the Company’s internal control over financial reporting related to several businesses acquired during the year ended December 31, [removed: 2024] [added: 2025] as disclosed in Note [removed: 4] [added: 3] to the consolidated financial statements.

These businesses represented approximately [removed: 3%] [added: 1%] of the Company’s consolidated total assets (excluding goodwill and intangibles which were included in management’s assessment of internal control over financial reporting as of December 31, [removed: 2024)] [added: 2025)] and [removed: approximately 5%] [added: less than 3%] of the consolidated total revenues as of and for the year ended December 31, [removed: 2024.][added: 2025.]

Based on that evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures were effective at the reasonable assurance level as of December 31, [removed: 2024.][added: 2025.]

Based on that evaluation, management has concluded that our internal control over financial reporting was effective as of December 31, [removed: 2024.][added: 2025.]

There have been no changes in [removed: the Company’s internal] [added: our “internal] control over financial [removed: reporting] [added: reporting” as such term is defined in Rule 13a-15(f) and Rule 15d-15(f) of the Exchange Act] during the Company’s most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Consistent with guidance issued by the SEC that an assessment of a recently acquired business may be omitted from management’s report on internal control over financial reporting in the year of acquisition, management excluded an assessment of the effectiveness of the Company’s internal control over financial reporting related to several businesses acquired during the year ended December 31, 2025 as disclosed in Note 3 to the consolidated financial statements.

These businesses represented approximately 1% of the Company’s consolidated total assets (excluding goodwill and intangibles which were included in management’s assessment of internal control over financial reporting as of December 31, 2025) and less than 3% of the consolidated total revenues as of and for the year ended December 31, 2025.

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

Regulations under the Exchange Act require public companies, including our Company, to evaluate any change in our “internal control over financial reporting” as such term is defined in Rule 13a-15(f) and Rule 15d-15(f) of the Exchange Act.

During the quarter ended December 31, [removed: 2024,] [added: 2025,] none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, terminated, or modified a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K).

The remaining information required by this Item will be included in our definitive proxy statement for the [removed: 2025] [added: 2026] Annual Meeting of Stockholders and is incorporated herein by reference.

We will file such definitive proxy statement with the SEC pursuant to Regulation 14A within 120 days of the fiscal year ended December 31, [removed: 2024.][added: 2025.]

The information required by this Item will be included in our definitive proxy statement for the [removed: 2025] [added: 2026] Annual Meeting of Stockholders and is incorporated herein by reference.

We will file such definitive proxy statement with the SEC pursuant to Regulation 14A within 120 days of the fiscal year ended December 31, [removed: 2024.][added: 2025.]

Except as set forth below, the information required by this Item will be included in our definitive proxy statement for the [removed: 2025] [added: 2026] Annual Meeting of Stockholders and is incorporated herein by reference.

We will file such definitive proxy statement with the SEC pursuant to Regulation 14A within 120 days of the fiscal year ended December 31, [removed: 2024.][added: 2025.]

The following table provides information as of December 31, [removed: 2024] [added: 2025] about our common stock that may be issued pursuant to awards granted to employees, consultants or directors under all of our existing equity compensation plans including our 2013 Stock Incentive Plan and 2017 Omnibus Incentive Plan.

All equity compensation plans are described more fully in Note [removed: 19] [added: 18] “Stock-Based Compensation Plans” to our audited consolidated financial statements included elsewhere in this Form 10-K.

(1)Total includes [removed: 599,334] [added: 555,677] stock options under the Company’s 2013 Stock Incentive Plan and [removed: 3,585,783] [added: 3,758,584] stock options and [removed: 2,511,841] [added: 2,585,451] restricted stock units under the Company’s 2017 Omnibus Incentive Plan.

(3)These shares are available for grant as of December 31, [removed: 2024] [added: 2025] under the Company’s 2017 Omnibus Incentive Plan.

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

| Equity compensation plans approved by securityholders | | | 6,899,712 | | | | | | $ | 49.83 | | | | | 5,192,666 | | |

| Equity compensation plans approved by securityholders | | | 6,696,958 | | | | | | $ | 43.33 | | | | | 6,439,046 | | |

The information required by this Item will be included in our definitive proxy statement for the [removed: 2025] [added: 2026] Annual Meeting of Stockholders and is incorporated herein by reference.

We will file such definitive proxy statement with the SEC pursuant to Regulation 14A within 120 days of the fiscal year ended December 31, [removed: 2024.][added: 2025.]

The information required by this Item will be included in our definitive proxy statement for the [removed: 2025] [added: 2026] Annual Meeting of Stockholders and is incorporated herein by reference.

We will file such definitive proxy statement with the SEC pursuant to Regulation 14A within 120 days of the fiscal year ended December 31, [removed: 2024.][added: 2025.]

| | | | Consolidated Statements of Operations - For the years ended December 31, [removed: 2024, 2023] [added: 2025, 2024] and [removed: 2022] [added: 2023] | | | [removed: [38](#i94e1128e1cee4d97aa372ede8fc9473a_259)] [added: [40](#i4bf0c9e1eda5455289d577864843fd35_256)] | | |

| | | | Consolidated Statements of Comprehensive Income - For the years ended December 31, [removed: 2024, 2023] [added: 2025, 2024] and [removed: 2022] [added: 2023] | | | [removed: [39](#i94e1128e1cee4d97aa372ede8fc9473a_262)] [added: [41](#i4bf0c9e1eda5455289d577864843fd35_259)] | | |

| | | | Consolidated Balance Sheets - As of December 31, [removed: 2024] [added: 2025] and [removed: 2023] [added: 2024] | | | [removed: [40](#i94e1128e1cee4d97aa372ede8fc9473a_265)] [added: [42](#i4bf0c9e1eda5455289d577864843fd35_262)] | | |

| | | | Consolidated Statements of Stockholders’ Equity - For the years ended December 31, [removed: 2024, 2023] [added: 2025, 2024] and [removed: 2022] [added: 2023] | | | [removed: [41](#i94e1128e1cee4d97aa372ede8fc9473a_268)] [added: [43](#i4bf0c9e1eda5455289d577864843fd35_265)] | | |

| | | | Consolidated Statements of Cash Flows - For the years ended December 31, [removed: 2024, 2023] [added: 2025, 2024] and [removed: 2022] [added: 2023] | | | [removed: [42](#i94e1128e1cee4d97aa372ede8fc9473a_271)] [added: [44](#i4bf0c9e1eda5455289d577864843fd35_268)] | | |

| | | | Notes to Consolidated Financial Statements | | | [removed: [44](#i94e1128e1cee4d97aa372ede8fc9473a_274)] [added: [45](#i4bf0c9e1eda5455289d577864843fd35_271)] | | |

| | | | Report of Independent Registered Public Accounting Firm | | | [removed: [90](#i94e1128e1cee4d97aa372ede8fc9473a_370)] [added: [91](#i4bf0c9e1eda5455289d577864843fd35_358)] | | |

| [removed: [2.2](https://www.sec.gov/Archives/edgar/data/1466258/000095014219001018/eh1900627_ex0202.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex101xemploymentag.htm)[8](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex101xemploymentag.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex101xemploymentag.htm)] | | | | | | [removed: Separation and Distribution] [added: Employment] Agreement, dated [removed: as of April 30, 2019, by and] [added: September 1, 2022,] between [removed: Ingersoll-Rand plc and Ingersoll-Rand U.S. HoldCo,] [added: Ingersoll Rand] Inc. [added: and Vicente Reynal] (incorporated by reference to Exhibit [removed: 2.2] [added: 10.1] to the [removed: Current] [added: Registrant’s Quarterly] Report on Form [removed: 8-K] [added: 10-Q] filed [removed: by Ingersoll-Rand plc] on [removed: May 6, 2019)] [added: November 4, 2022)] | | |

| [removed: [2.3](https://www.sec.gov/Archives/edgar/data/0001699150/000114036121012485/brhc10023015_ex2-1.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex10-1.htm)[2](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex10-1.htm)[2](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex10-1.htm)] | | | | | | [removed: Securities Purchase] [added: Credit] Agreement, dated as of [removed: April 9, 2021,] [added: May 10, 2024,] by and among Ingersoll Rand Inc., [removed: Club Car, LLC] [added: the lenders party thereto] and [removed: MajorDrive Holdings IV, LLC] [added: Citibank, N.A., as administrative agent] (incorporated by reference to Exhibit [removed: 2.1] [added: 10.1] to the Registrant’s Current Report on Form 8-K filed on [removed: April 12, 2021)] [added: May 10, 2024)] | | |

| [removed: [4.2](https://www.sec.gov/ix?doc=/Archives/edgar/data/1699150/000162828024006642/iri-20231231.htm)] [added: [4.2](https://www.sec.gov/Archives/edgar/data/1699150/000162828024006642/ir2023ex42xdescriptionofin.htm)] | | | | | | Description of Ingersoll Rand Inc.’s Securities (incorporated by reference to Exhibit 4.2 to the Registrant’s Annual Report on Form 10-K filed on February 23, 2024) | | |

| [4.6](https://www.sec.gov/Archives/edgar/data/1699150/000114036123039681/ny20009836x5_ex4-2.htm) | | | | | | Form of Global Note for 5.400% Senior Notes due 2028 (included in Exhibit 4.2 to the Registrant’s Current Report on Form 8-K filed on August 14, [removed: 2023).] [added: 2023 and incorporated by reference herein).] | | |

| [4.7](https://www.sec.gov/Archives/edgar/data/1699150/000114036123039681/ny20009836x5_ex4-3.htm) | | | | | | Form of Global Note for 5.700% Senior Notes due 2033 (included in Exhibit 4.3 to the Registrant’s Current Report on Form 8-K filed on August 14, [removed: 2023).] [added: 2023 and incorporated by reference herein).] | | |

| [removed: [4.](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm)[8](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm)] [added: [4.8](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm)] | | | | | | Third Supplemental Indenture, dated as of May 10, 2024, among Ingersoll Rand Inc. and Deutsche Bank Trust Company Americas, as trustee (incorporated by reference to Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed on May 10, 2024). | | |

| [removed: [4.](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2027NOTE1)[9](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2027NOTE1)] [added: [4.9](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2027NOTE1)] | | | | | | Form of Global Note for 5.197% Senior Notes due 2027 (included in Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed on May 10, [removed: 2024).] [added: 2024 and incorporated by reference herein).] | | |

| [removed: [4.](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2029NOTE2)[10](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2029NOTE2)] [added: [4.10](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2029NOTE2)] | | | | | | Form of Global Note for 5.176% Senior Notes due 2029 (included in Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed on May 10, [removed: 2024).] [added: 2024 and incorporated by reference herein).] | | |

| [removed: [4.](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2031NOTE3)[11](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2031NOTE3)] [added: [4.11](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2031NOTE3)] | | | | | | Form of Global Note for 5.314% Senior Notes due 2031 (included in Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed on May 10, [removed: 2024).] [added: 2024 and incorporated by reference herein).] | | |

| [removed: [4.](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2034NOTE4)[12](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2034NOTE4)] [added: [4.12](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2034NOTE4)] | | | | | | Form of Global Note for 5.450% Senior Notes due 2034 (included in Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed on May 10, [removed: 2024).] [added: 2024 and incorporated by reference herein).] | | |

| [removed: [4.](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2054NOTE5)[13](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2054NOTE5)] [added: [4.13](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex4-1.htm#FORMOF2054NOTE5)] | | | | | | Form of Global Note for 5.700% Senior Notes due 2054 (included in Exhibit 4.1 to the Registrant’s Current Report on Form 8-K filed on May 10, [removed: 2024).] [added: 2024 and incorporated by reference herein).] | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-13.htm)[2](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-13.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-13.htm)] [added: [10.2†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-13.htm)] | | | | | | Form of Management Stockholder’s Agreement (incorporated by reference to Exhibit 10.13 to the Registrant’s Registration Statement on Form S-1 filed on February 28, 2017) | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-14.htm)[3](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-14.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-14.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-31.htm)[7](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-31.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-31.htm)] | | | | | | [removed: Form of Director Stockholder’s Agreement] [added: Offer Letter, dated November 25, 2013, between Gardner Denver, Inc. and Andy Schiesl] (incorporated by reference to Exhibit [removed: 10.14] [added: 10.31] to the Registrant’s Registration Statement on Form S-1 filed on February 28, 2017) | | |

| [removed: [10](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-15.htm)[.4](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-15.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-16.htm)[3](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-16.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-16.htm)] | | | | | | Form of [removed: Advisor Stockholder’s] [added: Director Stock Option] Agreement [added: under the 2013 Stock Incentive Plan for Key Employees of Gardner Denver Holdings, Inc. (formerly known as Renaissance Parent Corp.) and its Subsidiaries] (incorporated by reference to Exhibit [removed: 10.15] [added: 10.16] to the Registrant’s Registration Statement on Form S-1 filed on February 28, 2017) | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-16.htm)[5](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-16.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-16.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-21.htm)[5](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-21.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-21.htm)] | | | | | | Form of [removed: Director] [added: Management] Stock Option Agreement [added: (December 2016)] under the 2013 Stock Incentive Plan for Key Employees of Gardner Denver Holdings, Inc. (formerly known as Renaissance Parent Corp.) and its Subsidiaries (incorporated by reference to Exhibit [removed: 10.16] [added: 10.21] to the Registrant’s Registration Statement on Form S-1 filed on February 28, 2017) | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-17.htm)[6](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-17.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-17.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-19.htm)[4](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-19.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-19.htm)] | | | | | | Form of Management Stock Option Agreement [removed: (December 2013)] [added: (May 2016, 3 year vesting)] under the 2013 Stock Incentive Plan for Key Employees of Gardner Denver Holdings, Inc. (formerly known as Renaissance Parent Corp.) and its Subsidiaries (incorporated by reference to Exhibit [removed: 10.17] [added: 10.19] to the Registrant’s Registration Statement on Form S-1 filed on February 28, 2017) | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-18.htm)[7](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-18.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-18.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-22.htm)[6](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-22.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-22.htm)] | | | | | | Form of [removed: Management] [added: Amendment to] Stock Option Agreement [removed: (May 2015)] [added: or Stock Appreciation Right Agreement] under the 2013 Stock Incentive Plan for Key Employees of Gardner Denver Holdings, Inc. (formerly known as Renaissance Parent Corp.) and its Subsidiaries (incorporated by reference to Exhibit [removed: 10.18] [added: 10.22] to the Registrant’s Registration Statement on Form S-1 filed on February 28, 2017) | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-19.htm)[8](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-19.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-19.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036118008833/ex10_42.htm)[1](https://www.sec.gov/Archives/edgar/data/1699150/000114036118008833/ex10_42.htm)[1](https://www.sec.gov/Archives/edgar/data/1699150/000114036118008833/ex10_42.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036118008833/ex10_42.htm)] | | | | | | Form of [removed: Management] Stock Option [added: Grant Notice and] Agreement [removed: (May 2016, 3 year vesting)] under the [removed: 2013 Stock Incentive Plan for Key Employees of] Gardner Denver Holdings, Inc. [removed: (formerly known as Renaissance Parent Corp.) and its Subsidiaries] [added: 2017 Omnibus Incentive Plan] (incorporated by reference to Exhibit [removed: 10.19] [added: 10.42] to the Registrant’s [removed: Registration Statement] [added: Annual Report] on Form [removed: S-1] [added: 10-K] filed on February [removed: 28, 2017)] [added: 16, 2018)] | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-24.htm)[13](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-24.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-24.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004462/ex4_4.htm)[9](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004462/ex4_4.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004462/ex4_4.htm)] | | | | | | [removed: Form of Sale Participation Agreement] [added: Ingersoll Rand Inc. Amended and Restated 2017 Omnibus Incentive Plan] (incorporated by reference to Exhibit [removed: 10.24] [added: 4.4] to the Registrant’s Registration Statement on Form [removed: S-1] [added: S-8] filed on [removed: February 28, 2017)] [added: March 2, 2020)] | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex101xemploymentag.htm)[15](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex101xemploymentag.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex101xemploymentag.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex102xperformances.htm)[1](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex102xperformances.htm)[7](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex102xperformances.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex102xperformances.htm)] | | | | | | [removed: Employment] [added: Performance Stock Unit Grant Notice and] Agreement, dated September 1, 2022, between Ingersoll Rand Inc. and Vicente Reynal (incorporated by reference to Exhibit [removed: 10.1] [added: 10.2] to the Registrant’s Quarterly Report on Form 10-Q filed on November 4, 2022) | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828023016124/ir2023q1ex101-employmentag.htm)[16](https://www.sec.gov/Archives/edgar/data/1699150/000162828023016124/ir2023q1ex101-employmentag.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828023016124/ir2023q1ex101-employmentag.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828021008453/ir2021q1ex101xamended2017p.htm)[10](https://www.sec.gov/Archives/edgar/data/1699150/000162828021008453/ir2021q1ex101xamended2017p.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828021008453/ir2021q1ex101xamended2017p.htm)] | | | | | | [removed: Employment Agreement, dated April 10, 2023, between] [added: First Amendment to] Ingersoll Rand Inc. [added: Amended] and [removed: Enrique Miñarro Viseras] [added: Restated 2017 Omnibus Incentive Plan] (incorporated by reference to Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q filed on [removed: May 5, 2023)] [added: April 30, 2021)] | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004462/ex4_4.htm)[17](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004462/ex4_4.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004462/ex4_4.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_16.htm)[1](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_16.htm)[3](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_16.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_16.htm)] | | | | | | [added: Form of Stock Option Grant Notice and Agreement under the] Ingersoll Rand Inc. Amended and Restated 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit [removed: 4.4] [added: 10.16] to the Registrant’s [removed: Registration Statement] [added: Quarterly Report] on Form [removed: S-8] [added: 10-Q] filed on [removed: March 2,] [added: May 15,] 2020) | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828021008453/ir2021q1ex101xamended2017p.htm)[18](https://www.sec.gov/Archives/edgar/data/1699150/000162828021008453/ir2021q1ex101xamended2017p.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828021008453/ir2021q1ex101xamended2017p.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1057xoptiongrantag.htm)[1](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1057xoptiongrantag.htm)[5](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1057xoptiongrantag.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1057xoptiongrantag.htm)] | | | | | | [removed: First Amendment to] [added: Form of Stock Option Grant Notice and Agreement (2022) under the] Ingersoll Rand Inc. Amended and Restated 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit [removed: 10.1] [added: 10.57] to the Registrant’s [removed: Quarterly] [added: Annual] Report on Form [removed: 10-Q] [added: 10-K] filed on [removed: April 30, 2021)] [added: February 25, 2022)] | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036118020162/ex10_1.htm)[19](https://www.sec.gov/Archives/edgar/data/1699150/000114036118020162/ex10_1.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036118020162/ex10_1.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1056xrsugrantagree.htm)[1](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1056xrsugrantagree.htm)[4](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1056xrsugrantagree.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1056xrsugrantagree.htm)] | | | | | | Form of Restricted Stock Unit Grant Notice and Agreement [removed: (2018)] [added: (4-yr vesting) (2022)] under the [removed: Gardner Denver Holdings,] [added: Ingersoll Rand] Inc. [added: Amended and Restated] 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit [removed: 10.1] [added: 10.56] to the Registrant’s [removed: Quarterly] [added: Annual] Report on Form [removed: 10-Q] [added: 10-K] filed on [removed: April 27, 2018)] [added: February 25, 2022)] | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036118020162/ex10_2.htm)[20](https://www.sec.gov/Archives/edgar/data/1699150/000114036118020162/ex10_2.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036118020162/ex10_2.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828026008617/ir2025ex1020xrsugrantagree.htm)[20](https://www.sec.gov/Archives/edgar/data/1699150/000162828026008617/ir2025ex1020xrsugrantagree.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828026008617/ir2025ex1020xrsugrantagree.htm)] | | | | | | Form of Director Restricted Stock Unit Grant Notice and Agreement under the [removed: Gardner Denver Holdings,] [added: Ingersoll Rand] Inc. [added: Amended and Restated] 2017 Omnibus Incentive Plan [removed: (incorporated by reference to Exhibit 10.2 to the Registrant’s Quarterly Report on Form 10-Q filed on April 27, 2018)] | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036118008833/ex10_42.htm)[21](https://www.sec.gov/Archives/edgar/data/1699150/000114036118008833/ex10_42.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036118008833/ex10_42.htm)] [added: [10.18†](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex101xemploymentag.htm)] | | | | | | Form of Stock Option Grant Notice and Agreement [added: (5-yr vesting) for Vicente Reynal (2023)] under the [removed: Gardner Denver Holdings,] [added: Ingersoll Rand] Inc. [added: Amended and Restated] 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit [removed: 10.42] [added: A] to [added: Exhibit 10.1 to] the Registrant’s [removed: Annual] [added: Quarterly] Report on Form [removed: 10-K] [added: 10-Q] filed on [removed: February 16, 2018)] [added: November 4, 2022)] | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036119004014/h10061123x1_ex10-36.htm)[22](https://www.sec.gov/Archives/edgar/data/1699150/000114036119004014/h10061123x1_ex10-36.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036119004014/h10061123x1_ex10-36.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036119004014/h10061123x1_ex10-36.htm)[1](https://www.sec.gov/Archives/edgar/data/1699150/000114036119004014/h10061123x1_ex10-36.htm)[2](https://www.sec.gov/Archives/edgar/data/1699150/000114036119004014/h10061123x1_ex10-36.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036119004014/h10061123x1_ex10-36.htm)] | | | | | | Gardner Denver, Inc. Supplemental Excess Defined Contribution Plan (January 1, 2019 Restatement) (incorporated by reference to Exhibit 10.36 to the Registrant’s Annual Report on Form 10-K filed on February 27, 2019) | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004146/exhibit10_43.htm)[24](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004146/exhibit10_43.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004146/exhibit10_43.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828026008617/ir2025ex1021xpsugrantagree.htm)[2](https://www.sec.gov/Archives/edgar/data/1699150/000162828026008617/ir2025ex1021xpsugrantagree.htm)[1](https://www.sec.gov/Archives/edgar/data/1699150/000162828026008617/ir2025ex1021xpsugrantagree.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828026008617/ir2025ex1021xpsugrantagree.htm)] | | | | | | Form of [added: Performance] Stock [removed: Option] [added: Unit] Grant Notice and Agreement [added: (2026)] under the [removed: Gardner Denver Holdings,] [added: Ingersoll Rand] Inc. [added: Amended and Restated] 2017 Omnibus Incentive Plan | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004146/exhibit10_44.htm)[25](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004146/exhibit10_44.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004146/exhibit10_44.htm)] [added: [10.1](https://www.sec.gov/Archives/edgar/data/1699150/000162828026008617/ir2025ex1016xpsugrantagree.htm)[6](https://www.sec.gov/Archives/edgar/data/1699150/000162828026008617/ir2025ex1016xpsugrantagree.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828026008617/ir2025ex1016xpsugrantagree.htm)] | | | | | | Form of [removed: Restricted] [added: Performance] Stock Unit Grant Notice and Agreement [removed: (2019)] [added: (2022)] under the [removed: Gardner Denver Holdings,] [added: Ingersoll Rand] Inc. [added: Amended and Restated] 2017 Omnibus Incentive Plan | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_1.htm)[26](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_1.htm)] [added: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828025037049/ir2025q2ex101xexecutivecha.htm)[1](https://www.sec.gov/Archives/edgar/data/1699150/000162828025037049/ir2025q2ex101xexecutivecha.htm)[9](https://www.sec.gov/Archives/edgar/data/1699150/000162828025037049/ir2025q2ex101xexecutivecha.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828025037049/ir2025q2ex101xexecutivecha.htm)] | | | | | | [removed: Transition Services Agreement, dated as of February 29, 2020, by and between Ingersoll-Rand plc and Ingersoll-Rand U.S. Holdco,] [added: Ingersoll Rand] Inc. [added: Executive Change in Control & Severance Plan] (incorporated by reference to Exhibit 10.1 to the Registrant’s [removed: Current] [added: Quarterly] Report on Form [removed: 8-K] [added: 10-Q] filed on [removed: March 4, 2020)] [added: July 31, 2025)] | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_6.htm)[31](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_6.htm)] [added: [19.1](https://www.sec.gov/Archives/edgar/data/1699150/000162828025006391/ir2024ex191xinsidertrading.htm)] | | | | | | [removed: Trademark License Agreement, dated as of February 29, 2020, by and between Ingersoll-Rand U.S. HoldCo,] [added: Ingersoll Rand] Inc. [removed: and Ingersoll-Rand plc] [added: Securities Trading Policy] (incorporated by reference to Exhibit [removed: 10.6] [added: 19.1] to the Registrant’s [removed: Current] [added: Annual] Report on Form [removed: 8-K] [added: 10-K] filed on [removed: March 4, 2020)] [added: February 19, 2025)] | | |

| [removed: [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1055xpsugrantagree.htm)[40](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1055xpsugrantagree.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1055xpsugrantagree.htm)] [added: [97.1](https://www.sec.gov/Archives/edgar/data/1699150/000162828024006642/ir2023ex971xincentivecompe.htm)] | | | | | | [removed: Form of Performance Stock Unit Grant Notice and Agreement (2022) under the] Ingersoll Rand Inc. [removed: Amended and Restated 2017 Omnibus] Incentive [removed: Plan] [added: Compensation Clawback Policy] (incorporated by reference to Exhibit [removed: 10.55] [added: 97.1] to the Registrant’s Annual Report on Form 10-K filed on February [removed: 25, 2022)] [added: 23, 2024)] | | |

| [removed: [19.1](https://www.sec.gov/Archives/edgar/data/1699150/000162828025006391/ir2024ex191xinsidertrading.htm)] [added: [21](https://www.sec.gov/Archives/edgar/data/1699150/000162828026008617/ir202510-kex21xsubsidiaries.htm)] | | | | | | [added: Subsidiaries of] Ingersoll Rand Inc. [removed: Securities Trading Policy] [added: as of December 31, 2025] | | |

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

| | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- |

| [2.1](https://www.sec.gov/Archives/edgar/data/1466258/000095014219001018/eh1900627_8k.htm) | | | | | | Agreement and Plan of Merger, dated as of April 30, 2019, by and among Ingersoll-Rand plc, Ingersoll-Rand U.S. Holdco, Inc., Gardner Denver Holdings, Inc. and Charm Merger Sub Inc. (incorporated by reference to Exhibit 2.1 of the Current Report on Form 8-K filed by Ingersoll-Rand plc on May 6, 2019) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-20.htm)[9](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-20.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-20.htm) | | | | | | Form of Management Stock Option Agreement (May 2016, 5 year vesting) under the 2013 Stock Incentive Plan for Key Employees of Gardner Denver Holdings, Inc. (formerly known as Renaissance Parent Corp.) and its Subsidiaries (incorporated by reference to Exhibit 10.20 to the Registrant’s Registration Statement on Form S-1 filed on February 28, 2017) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-21.htm)[10](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-21.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-21.htm) | | | | | | Form of Management Stock Option Agreement (December 2016) under the 2013 Stock Incentive Plan for Key Employees of Gardner Denver Holdings, Inc. (formerly known as Renaissance Parent Corp.) and its Subsidiaries (incorporated by reference to Exhibit 10.21 to the Registrant’s Registration Statement on Form S-1 filed on February 28, 2017) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-22.htm)[11](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-22.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-22.htm) | | | | | | Form of Amendment to Stock Option Agreement or Stock Appreciation Right Agreement under the 2013 Stock Incentive Plan for Key Employees of Gardner Denver Holdings, Inc. (formerly known as Renaissance Parent Corp.) and its Subsidiaries (incorporated by reference to Exhibit 10.22 to the Registrant’s Registration Statement on Form S-1 filed on February 28, 2017) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-23.htm)[12](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-23.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-23.htm) | | | | | | Stock Option Agreement, dated as of March 7, 2014, under the 2013 Stock Incentive Plan for Key Employees of Gardner Denver Holdings, Inc. (formerly known as Renaissance Parent Corp.) between Gardner Denver Holdings, Inc. (formerly known as Renaissance Parent Corp.) and Andrew Schiesl (incorporated by reference to Exhibit 10.23 to the Registrant’s Registration Statement on Form S-1 filed on February 28, 2017) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-31.htm)[14](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-31.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000156761917000351/s001556x1_ex10-31.htm) | | | | | | Offer Letter, dated November 25, 2013, between Gardner Denver, Inc. and Andy Schiesl (incorporated by reference to Exhibit 10.31 to the Registrant’s Registration Statement on Form S-1 filed on February 28, 2017) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036119008488/nc10001577x1_ex10-2.htm)[23](https://www.sec.gov/Archives/edgar/data/1699150/000114036119008488/nc10001577x1_ex10-2.htm) | | | | | | Amendment No. 1 to the Stockholders Agreement, dated as of April 30, 2019, between Gardner Denver Holdings, Inc. and KKR Renaissance Aggregator L.P. (incorporated by reference to Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed on May 6, 2019) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_2.htm)[27](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_2.htm) | | | | | | Tax Matters Agreement, dated as of February 29, 2020, by and among Ingersoll-Rand plc, Ingersoll-Rand Lux International Holding Company S.A.R.L, Ingersoll-Rand Services Company, Ingersoll-Rand U.S. HoldCo, Inc. and Gardner Denver Holdings, Inc. (incorporated by reference to Exhibit 10.2 to the Registrant’s Current Report on Form 8-K filed on March 4, 2020) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_3.htm)[28](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_3.htm) | | | | | | Employee Matters Agreement, dated as of February 29, 2020, by and among Ingersoll-Rand plc, Ingersoll-Rand U.S. HoldCo, Inc. and Gardner Denver Holdings, Inc. (incorporated by reference to Exhibit 10.3 to the Registrant’s Current Report on Form 8-K filed on March 4, 2020) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_4.htm)[29](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_4.htm) | | | | | | Real Estate Matters Agreement, dated February 29, 2020, by and between Ingersoll-Rand plc, and Ingersoll-Rand U.S. HoldCo, Inc. and Gardner Denver Holdings, Inc. (incorporated by reference to Exhibit 10.4 to the Registrant’s Current Report on Form 8-K filed on March 4, 2020) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_5.htm)[30](https://www.sec.gov/Archives/edgar/data/1699150/000114036120004816/ex10_5.htm) | | | | | | Intellectual Property Matters Agreement, dated as of February 29, 2020, by and between Ingersoll-Rand plc, Ingersoll-Rand U.S. HoldCo, Inc., and solely for the purposes of Section 5.06, Gardner Denver Holdings, Inc. (incorporated by reference to Exhibit 10.5 to the Registrant’s Current Report on Form 8-K filed on March 4, 2020) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_7.htm)[32](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_7.htm)[*](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_7.htm) | | | | | | Omnibus Transaction Side Letter, dated February 29, 2020, by and among Ingersoll-Rand plc, Ingersoll-Rand U.S. Holdco Inc., Gardner Denver Holdings, Inc. and Charm Merger Sub Inc. (incorporated by reference to Exhibit 10.7 to the Registrant’s Quarterly Report on Form 10-Q filed on May 15, 2020) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_8.htm)[33](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_8.htm) | | | | | | Side Letter to the Employee Matters Agreement, dated July 11, 2019, by and among Ingersoll-Rand plc and Gardner Denver Holdings, Inc. (incorporated by reference to Exhibit 10.8 to the Registrant’s Quarterly Report on Form 10-Q filed on May 15, 2020) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_9.htm)[3](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_9.htm)[4](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_9.htm) | | | | | | Side Letter to the Employee Matters Agreement, dated February 29, 2020, by and among Ingersoll-Rand plc, Ingersoll-Rand U.S. Holdco, Inc. and Gardner Denver Holdings, Inc. (incorporated by reference to Exhibit 10.9 to the Registrant’s Quarterly Report on Form 10-Q filed on May 15, 2020) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_13.htm)[35](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_13.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_13.htm) | | | | | | Form of Performance Stock Unit Grant Notice and Agreement under the Ingersoll Rand Inc. Amended and Restated 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.13 to the Registrant’s Quarterly Report on Form 10-Q filed on May 15, 2020) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_14.htm)[36](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_14.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_14.htm) | | | | | | Form of Restricted Stock Unit Grant Notice and Agreement (2-yr vesting) under the Ingersoll Rand Inc. Amended and Restated 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.14 to the Registrant’s Quarterly Report on Form 10-Q filed on May 15, 2020) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_15.htm)[37](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_15.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_15.htm) | | | | | | Form of Restricted Stock Unit Grant Notice and Agreement (4-yr vesting) under the Ingersoll Rand Inc. Amended and Restated 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.15 to the Registrant’s Quarterly Report on Form 10-Q filed on May 15, 2020) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_16.htm)[38](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_16.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000114036120011736/ex10_16.htm) | | | | | | Form of Stock Option Grant Notice and Agreement under the Ingersoll Rand Inc. Amended and Restated 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.16 to the Registrant’s Quarterly Report on Form 10-Q filed on May 15, 2020) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828021008453/ir2021q1ex102xpsuagreement.htm)[39](https://www.sec.gov/Archives/edgar/data/1699150/000162828021008453/ir2021q1ex102xpsuagreement.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828021008453/ir2021q1ex102xpsuagreement.htm) | | | | | | Form of Performance Stock Unit Grant Notice and Agreement under the Ingersoll Rand Inc. Amended and Restated 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.2 to the Registrant’s Quarterly Report on Form 10-Q filed on April 30, 2021) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1056xrsugrantagree.htm)[41](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1056xrsugrantagree.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1056xrsugrantagree.htm) | | | | | | Form of Restricted Stock Unit Grant Notice and Agreement (4-yr vesting) (2022) under the Ingersoll Rand Inc. Amended and Restated 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.56 to the Registrant’s Annual Report on Form 10-K filed on February 25, 2022) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1057xoptiongrantag.htm)[42](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1057xoptiongrantag.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828022003991/ir2021ex1057xoptiongrantag.htm) | | | | | | Form of Stock Option Grant Notice and Agreement (2022) under the Ingersoll Rand Inc. Amended and Restated 2017 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.57 to the Registrant’s Annual Report on Form 10-K filed on February 25, 2022) | | |

| [10.](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex102xperformances.htm)[43](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex102xperformances.htm)[†](https://www.sec.gov/Archives/edgar/data/1699150/000162828022028451/ir2022q3ex102xperformances.htm) | | | | | | Performance Stock Unit Grant Notice and Agreement, dated September 1, 2022, between Ingersoll Rand Inc. and Vicente Reynal (incorporated by reference to Exhibit 10.2 to the Registrant’s Quarterly Report on Form 10-Q filed on November 4, 2022) | | |

| [1](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex10-1.htm)[0.44](https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_ex10-1.htm) | | | | | | Credit Agreement, dated as of May 10, 2024, by and among Ingersoll Rand Inc., the lenders party thereto and Citibank, N.A., as administrative agent (incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K filed on May 10, 2024) | | |

| [21](https://www.sec.gov/Archives/edgar/data/1699150/000162828025006391/ir202410-kex21xsubsidiaries.htm) | | | | | | Subsidiaries of Ingersoll Rand Inc. as of December 31, 2024 | | |

| [97.1](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001699150/000162828024006642/iri-20231231.htm) | | | | | | Ingersoll Rand Inc. Incentive Compensation Clawback Policy (incorporated by reference to Exhibit 97.1 to the Registrant’s Annual Report on Form 10-K filed on February 23, 2024) | | |

* Certain portions of this exhibit have been omitted pursuant to Rule 601(b)(10) of Regulation S-K.

The omitted information (i) is not material and (ii) is the type that the Registrant treats as private or confidential.

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf on the [removed: 19th] [added: 17th] day of February [removed: 2025,] [added: 2026,] by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below on the [removed: 19th] [added: 17th] day of February [removed: 2025,] [added: 2026,] by the following persons on behalf of the registrant and in the capacities indicated.

| /s/ JoAnna [added: L.] Sohovich | | | | | | Director | | |

| JoAnna [added: L.] Sohovich | | | | | | | | |

| /s/ Mark [added: P.] Stevenson | | | | | | Director | | |

| Mark [added: P.] Stevenson | | | | | | | | |

[Table of Content](#i4bf0c9e1eda5455289d577864843fd35_7)

| /s/ Jerome Guillen | | | | | | Director | | |

| Jerome Guillen | | | | | | | | |

| /s/ Aurobind Satpathy | | | | | | Director | | |

| Aurobind Satpathy | | | | | | | | |

| /s/ Michelle Swanenburg | | | | | | Director | | |

| Michelle Swanenburg | | | | | | | | |

| /s/ Kirk E. Arnold | | | | | | Director | | |

| Kirk E. Arnold | | | | | | | | |

| /s/ Gary D. Forsee | | | | | | Director | | |

| Gary D Forsee | | | | | | | | |

| /s/ Julie Schertell | | | | | | Director | | |

| Julie Schertell | | | | | | | | |