Ingersoll Rand Provides COVID-19 Business Update

DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc. (NYSE: IR) provided a business update regarding its response and impacts related to the coronavirus (COVID-19) global pandemic. The business update, available in the Investors section of the company’s website (www.IRCO.com), outlines the measures the company has taken around health and safety, business continuity and integration execution, and capital structure and liquidity. Ingersoll Rand’s top priority is the health and safety of our employees, customers, partners and communities. The company is proud to provide mission-critical products and services that are helping to serve the frontline of the COVID-19 pandemic.

About Ingersoll Rand Inc.

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is committed to helping make life better. We provide innovative and mission-critical industrial, energy, medical and specialty vehicle products and services across 40+ respected brands designed to excel in even the most complex and harsh conditions where downtime is especially costly. Our employees connect to customers for life by delivering proven expertise, productivity and efficiency improvements. For more information, visit www.IRCO.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, 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, including without limitation statements related to its expectations with respect to the impact of the COVID-19 pandemic and statements regarding the integration of the Ingersoll-Rand plc Industrial segment. You can identify these forward-looking statements by the use of words such as “outlook,” “guidance,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “on track,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including without limitation the risk that additional restrictions due to the COVID-19 pandemic may be imposed on businesses in the jurisdictions in which Ingersoll Rand operates or that Ingersoll Rand’s business may be deemed not to be an essential business in any jurisdiction limiting business operations to essential businesses; macroeconomic factors beyond the Ingersoll Rand’s control; risks of doing business outside the United States; Ingersoll Rand’s dependence on the level of activity in the energy industry; unexpected costs, charges or expenses resulting from the transaction with Ingersoll-Rand plc (the “transaction”); uncertainty of the expected financial performance of Ingersoll Rand following completion of the transaction; failure to realize the anticipated benefits of the transaction, including as a result of delay in integrating the businesses; the ability of Ingersoll Rand to implement its business strategy following the completion of the transaction; difficulties and delays in the combined company achieving revenue and cost synergies; inability of the combined company to retain and hire key personnel; potential governmental regulations restricting the use of hydraulic fracturing; raw material costs and availability; the risk of a loss or reduction of business with key customers or consolidation or the vertical integration of Ingersoll Rand’s customer base; loss of or disruption in Ingersoll Rand’s distribution network; the risk that ongoing and expected restructuring plans may not be as effective as Ingersoll Rand anticipates; and Ingersoll Rand’s substantial indebtedness. Additional factors that could cause Ingersoll Rand’s results to differ materially from those described in the forward-looking statements can be found under the section entitled “Risk Factors” in its most recent annual report on form 10-K filed with the Securities and Exchange Commission (“SEC”), as such factors may be updated from time to time in its periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in Ingersoll Rand’s filings with the SEC.

The information in this business update, including any forward-looking statements speak only as of the date of this news release. Ingersoll Rand undertakes no obligation to update any such information or forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.