Ingersoll Rand Inc. is a diversified, global provider of mission-critical flow creation products and industrial solutions. The company manufactures a broad range of compressors, pumps, vacuum and blower products, and offers related services. It operates through two segments: Industrial Technologies and Services, and Precision and Science Technologies. Ingersoll Rand sells its products under more than 80 market-leading brands, including Ingersoll Rand and Gardner Denver. The company serves a diverse customer base across various end-markets, including life sciences, food and beverage production, clean energy, industrial manufacturing, infrastructure, and water and wastewater treatment.

• Employees: 18,000+ (as of December 31, 2023)
• Geographic Footprint: Sales in all major geographic markets across six continents
• Headquarters: Davidson, North Carolina
• Founded: Over 160 years of engineering heritage
• Number of manufacturing facilities: 60+
• Number of service and repair centers: 40+
• Revenue: $6.88 billion (FY2023)
• Key Subsidiaries/Brands: Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle, and others

• CEO: Vicente Reynal
• Other Key Executives: Andy Schiesl (General Counsel)

The 10-K does not provide tenure or background information for the executives listed.

• Annual Revenue: $6.88 billion (FY2023)
• Net Income: $785.1 million
• Total Assets: $15.56 billion
• Employees: 18,000+ (as of December 31, 2023)
• Key Financial Highlights: Aftermarket revenue represents 35.8% of total revenue in 2023.

Ingersoll Rand offers a wide range of products and services, including:

• Air and Gas Compression: Rotary screw, reciprocating piston, scroll, rotary vane, and centrifugal compressors.
• Vacuum and Blower Products: Side channel, liquid ring, claw, screw, and rotary vane vacuum pumps; rotary lobe, screw, claw and vane, turbo, side channel and radial blowers.
• Fluid Transfer Equipment: Positive displacement pumps, fluid management systems, and accessories for liquid and gas dosing, transfer, dispensing, compression, sampling, pressure management and flow control.
• Power Tools and Lifting Equipment: Electric and cordless fastening systems, pneumatic bolting tools, drilling and material removal tools, hoists, winches and ergonomic handling devices.
• Aftermarket Parts, Consumables, and Services: Replacement parts, consumables, repair and support services.

The company operates through two main segments:

• Industrial Technologies and Services: Designs, manufactures, markets and services a broad range of air compression, vacuum and blower products, fluid transfer equipment, loading systems, power tools and lifting equipment. Revenue for this segment was $5.63 billion in 2023.
• Precision and Science Technologies: Designs, manufactures and markets a broad range of highly-specialized positive displacement pumps, fluid management systems, accessories and aftermarket parts. Revenue for this segment was $1.24 billion in 2023.

Ingersoll Rand focuses on generating inorganic growth through acquisitions that strengthen its position in core product categories and broaden its exposure to high-growth, sustainable end markets. The company aims to increase industrial productivity, efficiency, and sustainability through its innovative solutions. Key strategic initiatives include expanding its global network, cross-selling its full product portfolio, and supporting customers with aftermarket parts, consumables, and services.

Ingersoll Rand operates in the industrial equipment and flow control industry. The company faces competition from several large manufacturers of compression, vacuum and blower products, including Atlas Copco, Flowserve, IDEX Corporation and Kaeser Compressors. Competition is based on product quality, performance, energy efficiency, customer service, and local presence. The market is highly fragmented due to the wide variety of product technologies, applications, and selling channels.

• Economic and Financial Market Instability: Exposure to risks associated with instability in the global economy and financial markets, which may negatively impact revenues, liquidity, suppliers, and customers.
• Information Systems Failure or Disruption: Potential adverse impact from information systems failure or disruption due to cyber terrorism or other actions.
• International Operations Risks: Subject to economic, political, regulatory, and other risks of international operations.
• Raw Materials and Component Costs: Vulnerability to large or rapid increases in the cost of raw materials and component parts, substantial decreases in their availability, or dependence on particular suppliers.
• Competition: Faces competition in the markets it serves, which could materially and adversely affect its operating results.