英格索兰 2024年度报告

Contents Strategy in Action: Lead Sustainably15Strategy in Action: Expand Margins16Strategy in Action: Allocate Capital Effectively17Top End Markets18Leadership19202Annual Report on+orm00Reconciliation of GAAP Measures to Non-GAAP MeasuresAnnex ACorporate InformationBack Cover Introduction02Letter to Shareholders032024 in Numbers07Economic Growth Engine08A Commitment to Ownership09Segment Overviews11Strategy in Action: Deploy Talent13Strategy in Action: Accelerate Growth14 Ingersoll Rand is a global leader in theRanZKactZring oKRissioncriticalܫo\creationproducts and life science and industrial solutions,operating under 80+ brands. Our success ismade possible by our 21,000+ employees (andcounting.5o\ered by an o\nership mindset andmore than 160 years of expertise,\eѣre drivingdifferentiated performance\ith purpose. Our Purpose Lean on us to help you make life betteris deeplyembedded in all that we do. We wake up each and everyday with the goal of Making Life Better for our employees,our customers, our shareholders, and our planet. For ourEmployees For ourCustomers For ourShareholders For ourPlanet Drivingperformance Dear Shareholders, As I look back on 2024, we saw another highly successfulyear, delivering double-digit earnings growth which exceededour initial guidance. Despite the dynamic global marketenvironment, we saw mid-single digit revenue growth,expanded adOusted EBITDA margins by0 basis points,and delivered a high-teens+ree Cash+low Margin. Additionally, we grew recurring revenue to over $300million and are well on our way towards achieving ouraggressive target of $billion by 202. We continue tomake investments to drive organic growth, resulting inhigh-single digit organic order growth and mid-singledigit revenue growth in our underpenetrated markets.2 Our people remain a critical element of our success.We have built a culture that encourages problem solvingand fosters a sense of belonging among employees.It is truly a privilege to lead this team as we continue tosolidify our position as a premier growth compounder. Guided by our purpose of Making Life Better, wecontinue to demonstrate durableܪnancial performance,favorable growth, and execution excellence. Our capital allocation strategy remains unchanged,and we continue to prioritize capital towards mergersand acVuisitions (M A). In 2024, we closed on8acquisitions which are expected to deliver approximately$625 million in annualized revenue. Our M&A funnelremains strong, consistent with our bolt-on acquisitionstrategy that yields a strong return on investedcapital (ROIC). We will continue to execute againstour acquisition playbook, expanding our ecosystemof mission-criticalܫow creation technology.elyn We continue to execute with differentiated performancethrough our Economic Growth Engine, which is the set ofactions and priorities we utilize to compound value anddrive long-term value for our company. The combinationof key growth enablers with our unique ownershipmindset and Ingersoll Rand Execution Excellence (IRX)TMcontinues to deliver long-termܪnancial durability.nceet ofandationRX)TM 18Acquisitions 21,000+ Employeesacross the globeEmployee satisfaction ranksin the top0thpercentile amongmanufacturing companies3 ~$1B Orders: +4% YoY5AdO. EBITDA2argin5+27.9%+0 bps YoY Revenue: +5% YoYAdj. EPS5+11% YoY The approximate value ofO\nership