Ingersoll Rand — Oct 31, 2024 release

of $222 million, or earnings of $0.54 per share ◦ Adjusted net income 1 of $345 million, or $0.84 per share • Adjusted EBITDA 1 of $533 million, up 15%, with a margin of 28.6%, up 210 basis points year over year ◦ Gross margin improvement of 130 basis points • Reported operating cash flow of $404 million and free cash flow 1 of $374 million, up 2% ◦ Free cash flow margin 1 of 20% • Liquidity of $4.0 billion as of September 30, 2024, including $1.4 billion of cash on hand and undrawn capacity of $2.6 billion under available credit facilities 2024 Guidance • Total revenue growth guidance range of 5% to 7% for the full year • Adjusted EBITDA 1 guidance range of $2,010 to $2,040 million, up 12% to 14% over prior year • Full-year 2024 Adjusted EPS 1 guidance range of $3.28 to $3.34, up 11% to 13% over prior year DAVIDSON, N.C. - October 31, 2024 - Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, reported strong third quarter 2024 revenues, Adjusted EBITDA, and Adjusted EPS. “Our Economic Growth Engine remains on track to deliver our long-term Investor Day targets of double-digit Adjusted EPS growth and strong free cash flow generation,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “We plan on continuing to deploy capital to M&A and drive innovation all while showcasing our ability to deliver sustainable and long-term value as a premier growth compounder.” Third Quarter 2024 Segment Review (All comparisons against the third quarter of 2023 unless otherwise noted.) Industrial Technologies and Services Segment (IT&S): Broad range of compressor, vacuum, blower, and air treatment solutions as well as industrial technologies including power tools and lifting equipment • Reported Orders of $1,421 million, up 5%, or flat organic • Reported Revenues of $1,467 million, up 3%, or down 2% organic 1 • Reported Segment Adjusted EBITDA of $450 million, up 9% • Repo