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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 Inc. (NYSE:IR) has appointed Kathryn Freytag as the new Chief Information Officer (CIO). Freytag will lead the company's global IT strategy and operations, focusing on delivering innovative technology solutions and enhancing information security. With over 20 years of experience in industrial manufacturing, she previously held executive roles at iFit, Donaldson Companies, and Honeywell. Freytag is expected to drive business value and support growth, as confirmed by Vikram Kini, CFO of Ingersoll Rand.
Ingersoll Rand (NYSE: IR) has appointed Matthew Fort as vice president of investor relations and global financial planning & analysis, transitioning from his previous role as vice president of finance for the Power Tools and Lifting business. With over 20 years of financial management experience, Fort is expected to enhance growth, margin expansion, and internal and external communication. His leadership reflects Ingersoll Rand's commitment to talent development and is seen as crucial for delivering long-term value to shareholders.
Ingersoll Rand Inc. (NYSE: IR) will participate in a fireside chat at the 2022 Wolfe Global Transportation & Industrials Conference on Wednesday, May 25, 2022, at 1:05 PM ET. Key executives including Vicente Reynal (Chairman & CEO), Vikram Kini (SVP & CFO), and Mike Weatherred (SVP IRX) will attend. A live webcast of the discussion will be accessible on the Ingersoll Rand Investor Relations website, with a replay available afterward. Ingersoll Rand is committed to delivering mission-critical flow creation and industrial solutions across over 40 respected brands.
Ingersoll Rand (NYSE: IR) has announced a schedule change regarding its participation in the 2022 Goldman Sachs Industrials & Materials Conference. The company will now present on Thursday, May 12, 2022, at 9:40 AM Eastern time. This update follows an earlier release dated May 6, 2022. For more details, visit here.
Ingersoll Rand Inc. (NYSE: IR) will participate in a virtual fireside chat at the Goldman Sachs Industrials & Materials Conference on May 10, 2022, at 10:30 AM Eastern time. Key executives, including Vicente Reynal (CEO), Vikram Kini (CFO), and Mike Weatherred (SVP of IRX), will present insights into the company's mission-critical flow creation and industrial solutions. A live webcast will be available on the Ingersoll Rand Investor Relations website, with a replay accessible afterward.
Ingersoll Rand reported a strong first-quarter performance for 2022, showcasing record orders of $1,630 million, up 25%, and revenues of $1,337 million, up 18%. Net income rose to $104 million, or $0.25 per share, reflecting a 215% increase from the previous year's loss. The company raised its 2022 guidance for organic revenue growth to 8%-10% and adjusted EBITDA to $1,385-$1,425 million, an increase of 16%-20% year over year. Liquidity remains strong at $3.1 billion as of March 31, 2022.
The Board of Directors of Ingersoll Rand (NYSE: IR) announced a quarterly cash dividend of
Ingersoll Rand Inc. (NYSE: IR) will release its first-quarter earnings on May 4, 2022, post-market. A live earnings conference call is scheduled for May 5, 2022, at 8 a.m. ET. Participants can join via phone or through a real-time audio webcast available on the Ingersoll Rand Investor Relations website. Following the call, a replay will also be accessible on the same platform.
The company emphasizes its commitment to mission-critical flow creation and industrial solutions, operating across 40+ brands.
Ingersoll Rand (NYSE: IR) has partnered with World Food Program USA to aid those affected by the crisis in Ukraine. The company has donated $250,000 for food assistance and pledged an additional $250,000 through matching employee donations. Furthermore, Ingersoll Rand will contribute $500,000 in product donations for medical and disaster response solutions. The World Food Programme has already mobilized food supplies to assist 3 million people in Ukraine. CEO Vicente Reynal emphasized the company’s commitment to humanitarian efforts and supporting those affected by the conflict.
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