$IR

Ingersoll Rand Inc.

CIK:0001699150|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 2,048.8	$ 1,887.9	$ 3,896.0	$ 3,604.7
Cost of sales	1,186.2	1,063.0	2,241.0	2,014.3
Gross Profit	862.6	824.9	1,655.0	1,590.4
Selling and administrative expenses	400.8	371.2	771.5	721.2
Amortization of intangible assets	102.6	91.6	210.1	182.9
Impairment of goodwill	0.0	229.7	0.0	229.7
Impairment of other intangible assets	0.0	36.1	0.0	36.1
Other operating expense (income), net	(21.1)	19.9	3.4	41.6
Operating Income	380.3	76.4	670.0	378.9
Interest expense	63.3	62.7	127.1	123.9
Other income, net	(10.1)	(14.4)	(14.1)	(26.2)
Income Before Income Taxes	327.1	28.1	557.0	281.2
Provision for income taxes	69.1	21.0	105.2	79.5
Loss on equity method investments	0.0	(120.9)	0.0	(127.1)
Net Income (Loss)	258.0	(113.8)	451.8	74.6
Less: Net income attributable to noncontrolling interests	1.2	1.5	2.9	3.4
Net Income (Loss) Attributable to Ingersoll Rand Inc.	$ 256.8	$ (115.3)	$ 448.9	$ 71.2
Basic earnings (loss) per share (in usd per share)	$ 0.66	$ (0.29)	$ 1.15	$ 0.18
Basic earnings (loss) per share (in usd per share)	$ 0.66	$ (0.29)	$ 1.15	$ 0.18

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities:
Net income	$ 451.8	$ 74.6
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible assets	210.1	182.9
Depreciation	59.6	57.6
Impairment of goodwill and other intangible assets	0.0	265.8
Stock-based compensation expense	33.7	30.9
Loss on equity method investments	0.0	127.1
Foreign currency transaction losses, net	4.9	12.8
Non-cash adjustments to carrying value of LIFO inventories	11.6	10.3
Other non-cash adjustments	3.1	4.8
Changes in assets and liabilities:
Receivables	5.3	38.3
Inventories	(76.7)	(86.0)
Accounts payable	(68.3)	(44.2)
Accrued liabilities	(39.5)	(50.6)
Other assets and liabilities, net	(100.0)	(122.2)
Net cash provided by operating activities	495.6	502.1
Cash Flows Used In Investing Activities:
Capital expenditures	(63.3)	(69.0)
Net cash paid in acquisitions	(162.0)	(210.4)
Proceeds from disposals of property, plant and equipment	5.0	0.0
Net cash used in investing activities	(220.3)	(279.4)
Cash Flows Used In Financing Activities:
Purchases of treasury stock, including excise tax payments	(338.8)	(510.7)
Cash dividends on common shares	(15.7)	(16.1)
Proceeds from stock option exercises	17.7	9.1
Payments of deferred and contingent acquisition consideration	(5.8)	(2.8)
Other financing	(1.5)	(2.6)
Net cash used in financing activities	(344.1)	(523.1)
Effect of exchange rate changes on cash and cash equivalents	(6.5)	69.8
Net decrease in cash and cash equivalents	(75.3)	(230.6)
Cash and cash equivalents, beginning of period	1,248.8	1,541.2
Cash and cash equivalents, end of period	1,173.5	1,310.6
Supplemental Cash Flow Information
Cash paid for income taxes, net of refunds	144.1	129.2
Cash paid for interest, net of interest rate derivative settlements	$ 122.9	$ 123.9

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 1,173.5	$ 1,248.8
Accounts receivable, net of allowance for credit losses of $65.0 and $66.8, respectively	1,514.8	1,518.0
Inventories	1,233.0	1,172.9
Other current assets	367.8	308.3
Total current assets	4,289.1	4,248.0
Property, plant and equipment, net of accumulated depreciation of $743.0 and $689.6, respectively	907.1	930.3
Goodwill	8,541.9	8,484.1
Other intangible assets, net	4,072.3	4,240.3
Deferred tax assets	44.1	38.7
Other assets	339.6	355.8
Total assets	18,194.1	18,297.2
Current liabilities:
Short-term borrowings and current maturities of long-term debt	699.8	1.4
Accounts payable	911.4	996.1
Accrued liabilities	1,043.2	1,068.8
Total current liabilities	2,654.4	2,066.3
Long-term debt, less current maturities	4,068.7	4,783.3
Pensions and other postretirement benefits	127.3	134.2
Deferred income tax liabilities	712.5	696.9
Other liabilities	388.2	462.5
Total liabilities	7,951.1	8,143.2
Commitments and contingencies (Note 18)	0.0	0.0
Stockholders’ equity
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 432,922,423 and 431,753,302 shares issued as of June 30, 2026 and December 31, 2025, respectively	4.3	4.3
Capital in excess of par value	9,748.7	9,699.9
Retained earnings	3,486.3	3,053.1
Accumulated other comprehensive loss	(213.7)	(148.3)
Treasury stock at cost; 44,927,534 and 40,631,613 shares as of June 30, 2026 and December 31, 2025, respectively	(2,848.3)	(2,519.2)
Total Ingersoll Rand Inc. stockholders’ equity	10,177.3	10,089.8
Noncontrolling interests	65.7	64.2
Total stockholders’ equity	10,243.0	10,154.0
Total liabilities and stockholders’ equity	$ 18,194.1	$ 18,297.2