IR · CIK 1699150
What Ingersoll Rand Inc. told the SEC could break it.
Ingersoll Rand's disclosures concentrate on the cost and supply of what goes into its equipment. Section 232 tariffs on steel and aluminum — including certain derivative steel products it uses — together with reciprocal foreign tariffs have raised its material and component costs, which it says it is offsetting one-for-one through tariff-related pricing. It also still relies on single sources of supply for certain castings, motors and select engineered components, so a disruption at one of those suppliers could impair its ability to meet customer commitments. As a global manufacturer, it carries currency exposure too — 54% of 2025 revenue was in non-U.S. currencies, notably the euro, pound and renminbi — though much of its cost base is similarly non-dollar, partly offsetting the effect.
3 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Regulatory & policy
- Section 232 steel and aluminum tariffsmedium
Section 232 tariffs on steel/aluminum (and certain derivative steel products used in operations), plus reciprocal foreign tariffs, have raised material/component costs; the company is offsetting via tariff-related pricing one-for-one.
“The current U.S. presidential administration has implemented tariffs on imports from various countries, including tariffs on steel and aluminum products under Section 232 of the Trade Expansion Act of 1962, which also apply to certain derivative steel products used in our operations.”
Sole-source dependency
- single-source castings, motors and engineered componentsmedium
Continues to use single sources of supply for certain castings, motors and select engineered components; a disruption from a given supplier could impair its ability to meet customer commitments.
“We continue to use single sources of supply for certain castings, motors and other select engineered components. A disruption in deliveries from a given supplier could therefore have an adverse effect on our ability to meet commitments to our customers.”
SEC filing →As of 2026
Currency (FX)
- Euro, British Pound, Chinese Renminbilow
54% of 2025 revenue was denominated in non-USD currencies (notably Euro, GBP, RMB); significant exchange-rate moves can adversely affect results, though much of the cost base is also non-USD.
“A significant portion of our revenues, 54% for the year ended December 31, 2025, was denominated in currencies other than the U.S. dollar. Because much of our manufacturing facilities and labor force costs are outside of the United States, a significant portion of our costs are also denominated in currencies other than the U.S. dollar.”
SEC filing →As of 2026
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