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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.
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.
Ingersoll Rand reported a strong fourth-quarter 2021, achieving record orders of $1,507 million and revenues of $1,419 million, marking increases of 24% and 16%, respectively, compared to the previous year. Net income rose to $293 million or $0.71 per share. The company generated $247 million in operating cash flow and ended the year with a robust liquidity position of $3.2 billion. Guidance for 2022 forecasts 11%-13% revenue growth, with adjusted EBITDA between $1,375 million and $1,415 million. The strategic focus remains on disciplined capital allocation and sustainability initiatives.
Ingersoll Rand Inc. (NYSE: IR) announced a quarterly cash dividend of $0.02 per share on February 22. This dividend is payable on March 24, 2022 to stockholders who are on record by March 9, 2022. The decision reflects the company's commitment to returning value to shareholders while maintaining a strong focus on mission-critical industrial solutions. Ingersoll Rand is recognized for its technology-driven excellence across over 40 brands.
Ingersoll Rand Inc. (NYSE: IR) will release its fourth-quarter earnings on February 23, 2022, after market close. A live earnings conference call is scheduled for February 24, 2022, at 8 a.m. ET. Participants can join the call by calling either 1-844-200-6205 domestically or 1-929-526-1599 internationally, using conference ID 662067. The call will also be accessible via a real-time audio webcast on the Ingersoll Rand Investor Relations website, with a replay available afterward.
Ingersoll Rand (NYSE:IR) has acquired Houdstermaatschappij Jorc B.V. for €27 million in cash, expanding its portfolio with condensate management products. Jorc’s offerings include condensate drains and oil/water separators, enhancing Ingersoll Rand's industrial technologies segment. The acquisition, expected to lower the Adjusted EBITDA purchase multiple by 50% by year three, aligns with the company’s commitment to sustainability and energy efficiency. Jorc generated approximately €13 million in annual sales for 2021, indicating strong market presence.
Ingersoll Rand Inc. (NYSE:IR) has successfully acquired the assets of Tuthill Corporation’s Pump Group for $85 million. The acquisition will enhance Ingersoll Rand’s Precision and Science Technologies segment, targeting high-growth markets such as life sciences and food and beverage. Tuthill's Pump Group, with annual sales exceeding $25 million, is expected to drive synergies and potential revenue growth alongside existing brands. Ingersoll Rand aims to lower its Adjusted EBITDA purchase multiple to mid-single digits by the third year post-acquisition.
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