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Ingersoll Rand Inc. Common Stock (NYSE: IR) is a global leader in creating and sustaining safe, comfortable, and efficient environments. The company's diverse portfolio is categorized into two main business lines: Industrial Technologies and Services, and Precision and Science Technologies. With renowned brands such as Club Car®, Ingersoll Rand®, Thermo King®, and Trane®, the company enhances the quality and comfort of air in homes and buildings, ensures the safe transport and protection of food and perishables, secures homes and commercial properties, and boosts industrial productivity and efficiency.
Ingersoll Rand was formed through the merger of Gardner Denver and Ingersoll Rand's industrial segment. It caters to various end markets, including industrial, medical, and energy sectors. The company offers a broad range of products, including compression systems, blower and vacuum solutions, and fluid management systems. In 2023, Ingersoll Rand generated approximately $6.9 billion in revenue, reflecting its robust financial performance and market presence.
Ingersoll Rand is committed to sustainable progress and enduring results, aiming to advance the quality of life globally. Its recent partnership with Inkbit™, a pioneer in advanced additive manufacturing solutions, underscores its dedication to innovation and technological advancement. This collaboration focuses on bringing Inkbit's Vision-Controlled Jetting™ (VCJ) technology to the market, revolutionizing product design and manufacturing across various industries, including robotics, healthcare, mobility, industrial automation, and defense.
The company's leadership team, including Vicente Reynal, Chairman and Chief Executive Officer, continues to drive growth and innovation. Ingersoll Rand's strategic investments and partnerships highlight its commitment to expanding its technological capabilities and market reach.
Latest News:
- MEDFORD, Mass., May 6, 2024 – Inkbit™ announced the closing of a $19M financing round led by Ingersoll Rand, with participation from several prominent investors. This funding will accelerate Inkbit's Vision-Controlled Jetting™ technology's market adoption and commercial use across life sciences and industrial applications.
Ingersoll Rand (NYSE: IR) reported strong fourth quarter and full-year 2024 results, with notable achievements including:
Q4 2024 highlights: Revenue of $1,899 million (+4% YoY), net income of $230 million ($0.57 per share), and adjusted EBITDA of $532 million (+6% YoY) with 28.0% margin. Free cash flow reached $491 million with a 26% margin.
Full-year 2024 performance: Revenue of $7,235 million (+5% YoY), net income of $839 million ($2.06 per share), and adjusted EBITDA of $2,018 million (+13% YoY) with 27.9% margin. The company returned $293 million to shareholders through dividends and buybacks.
For 2025, the company expects revenue growth of 3-5% and adjusted EBITDA of $2,130-$2,190 million (+6-9% YoY). Adjusted EPS guidance is set at $3.38-$3.50 (+3-6% YoY).
Ingersoll Rand (NYSE: IR) has announced that its Board of Directors has declared a regular quarterly cash dividend of $0.02 per share of common stock. The dividend will be paid on March 27, 2025, to stockholders of record as of March 5, 2025. Ingersoll Rand is a global provider of mission-critical flow creation and life science and industrial solutions.
Ingersoll Rand (NYSE: IR) has achieved significant recognition for its sustainability initiatives in 2025. The company earned an 'A List' rating from CDP for environmental stewardship and ranked #1 globally in the Machinery and Electrical Equipment industry with a top 1% score of 81/100 on the 2024 S&P Global Corporate Sustainability Assessment.
The company was included in the Dow Jones Best-in-Class Indices for the third consecutive year and made TIME's inaugural list of World's Best Companies in Sustainable Growth. Notably, Ingersoll Rand's near-term and net-zero Scope 1, 2, and 3 targets received validation from the Science Based Targets initiative (SBTi), confirming their emission reduction strategy.
CEO Vicente Reynal emphasized how these achievements align with their purpose of 'Making Life Better' and their commitment to leveraging sustainability for long-term shareholder value.
Ingersoll Rand (NYSE: IR) has announced its participation in two major upcoming investor conferences. Chief Financial Officer Vik Kini will engage in fireside chats at:
• The Citi Global Industrial Tech and Mobility Conference on Wednesday, February 19, 2025, at 11:20 a.m. Eastern Time
• The Barclays Industrial Select Conference on Thursday, February 20, 2025, at 7:30 a.m. Eastern Time
Both fireside chats will feature real-time audio webcasts accessible through the Events and Presentations section of Ingersoll Rand's Investor Relations website. Replay options will be available after the conclusion of each session.
Ingersoll Rand (NYSE: IR) has acquired SSI Aeration and its subsidiaries, a global leader in wastewater treatment plant equipment with approximately $30 million in annual revenue. The acquisition was completed at a purchase multiple of approximately 10x 2024E Adjusted EBITDA.
SSI specializes in designing and manufacturing innovative wastewater treatment equipment, including fine bubble diffusers, coarse bubble diffusers, and aeration systems. With manufacturing facilities in the United States, South Korea, and India, SSI will be integrated into Ingersoll Rand's Industrial Technologies and Services segment (IT&S).
The strategic acquisition aims to enhance Ingersoll Rand's capabilities in the wastewater treatment sector by combining their low pressure compressors with SSI's aeration offerings to provide comprehensive end-to-end solutions. This move is expected to accelerate topline growth through increased access to municipal markets.
Ingersoll Rand (NYSE: IR) has announced its schedule for the fourth quarter 2024 earnings release and conference call. The company will release its Q4 2024 earnings after market close on Thursday, February 13, 2025.
A live earnings conference call will be held on Friday, February 14, 2025, at 8 a.m. Eastern Standard Time. Participants can join by dialing +1-888-330-3073 (domestic) or +1-646-960-0683 (international) using access code 8970061. A real-time audio webcast will be available through the Events and Presentations section of Ingersoll Rand's Investor Relations website, where related materials will be posted before the call. A replay will be accessible on the same website after the conference.
Ingersoll Rand (NYSE: IR) has announced its upcoming 2024 sustainability investor call, scheduled for December 17, 2024, at 8:00 a.m. Eastern Time. The call will focus on the company's commitment and recent achievements in sustainable leadership.
Investors can participate through dial-in numbers: +1-800-715-9871 (domestic) or +1-646-307-1963 (international), using access code 5314346. A live audio webcast will be available through the Events and Presentations section of Ingersoll Rand's Investor Relations website, where related materials will be posted before the call. A replay will be accessible on the same website after the conference concludes.
Ingersoll Rand (NYSE: IR) announced that CFO Vik Kini will participate in a fireside chat at the Goldman Sachs Industrials and Materials Conference on December 5, 2024, at 9:20 a.m. Eastern Time. The event will be accessible through a live audio webcast via the Events and Presentations section of the company's Investor Relations website. A replay will be available after the session concludes. Ingersoll Rand is a global provider of mission-critical flow creation and life science and industrial solutions.
Ingersoll Rand (NYSE: IR) reported strong third quarter 2024 results with record orders of $1,799 million (up 10%) and revenues of $1,861 million (up 7%). The company achieved net income of $222 million, or $0.54 per share, with adjusted net income of $345 million ($0.84 per share). Adjusted EBITDA increased 15% to $533 million, with a margin improvement of 210 basis points to 28.6%. The company maintained strong liquidity of $4.0 billion and updated its 2024 guidance, projecting total revenue growth of 5-7% and adjusted EPS of $3.28-$3.34.
Ingersoll Rand (NYSE: IR) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.02 per share of common stock. The dividend will be paid on December 5, 2024 to stockholders of record as of November 14, 2024. Ingersoll Rand is a global provider of mission-critical flow creation and life science and industrial solutions.
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