Q1 2023 Financial Performance

Reconciliation of Net Income to Adjusted Earnings per Share (Unaudited; in millions, except per share amounts) For the Three Month Period Ended March 31, 23 23 Net Income Less: Loss from discontinued operations Less: Income tax benefit from discontinued operations Income from Continuing Operations 2023 2022 $ 163.2 $ 104.5 (1.8) 0.4 163.2 105.9 Plus: Provision for income taxes 48.1 32.4 Amortization of acquisition related intangible assets 89.8 82.6 Restructuring and related business transformation costs 4.3 14.2 Acquisition and other transaction related expenses and non-cash charges 18.0 9.5 Stock-based compensation 12.1 19.8 Foreign currency transaction losses (gains), net 1.0 (3.8) Loss (income) on equity method investments (0.3) 4.3 Adjustments to LIFO inventories Other adjustments Minus: 7.8 (6.1) (5.2) Income tax provision, as adjusted 75.6 58.5 Interest income on cash and cash equivalents (4.7) Adjusted Net Income $ 267.0 $ 201.2 Adjusted Basic Earnings Per Share¹ $ 0.66 $ 0.49 Adjusted Diluted Earnings Per Share² $ 0.65 $ 0.49 Average shares outstanding: Basic, as reported Diluted, as reported Adjusted diluted² 405.0 407.6 409.2 413.1 409.2 413.1 1 Adjusted basic and diluted (loss) earnings per share are calculated by dividing adjusted net income by the basic and diluted average shares outstanding for the respective periods. 2 Adjusted diluted share count and adjusted diluted earnings per share include incremental dilutive shares, using the treasury stock method, which are added to average shares outstanding. (IR) Ingersoll Rand

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