Ingersoll Rand Declares Regular Quarterly Cash Dividend, Announces Increased Share Repurchase Authorization

The Board of Directors of Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, declared today a regular quarterly cash dividend of $0.02 (two cents) per share of common stock, payable on June 6, 2024, to stockholders of record on May 16, 2024.

Ingersoll Rand’s Board of Directors also approved an incremental $1 billion increase to the share repurchase authorization. Aligned with the company’s previously communicated capital allocation strategy, Ingersoll Rand estimates it will fully utilize the remainder of the existing $750 million repurchase authorization by the end of fiscal year 2024. The additional share repurchase authorization is consistent with the company’s holistic capital allocation philosophy and focus on shareholder value creation.

Under the repurchase program, Ingersoll Rand may from time to time repurchase shares of its 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 Ingersoll Rand’s stock, general market and economic conditions, the company’s liquidity requirements, applicable legal requirements, and other business considerations.

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to Ingersoll Rand’s expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “on track to” “will continue,” “will likely result,” “guidance” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements other than historical facts are forward-looking statements.