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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) invites investors and analysts to a strategic discussion on November 18, 2021, at 8 a.m. ET in Boston and via webcast. The event will cover the company's long-term growth strategy, capital allocation, and sustainable competitive advantages, including Ingersoll Rand Execution Excellence (IRX) and ESG initiatives. Presentations will be led by CEO Vicente Reynal and CFO Vikram Kini, along with senior management. Further details will be provided closer to the event date.
Ingersoll Rand Inc. (NYSE:IR) has announced it will not participate in the strategic alternatives process of SPX FLOW, Inc. (NYSE:FLOW) initiated on July 26, 2021. The company emphasized its commitment to a comprehensive capital allocation strategy focused on mergers and acquisitions (M&A). A capital allocation strategy call is planned for September 2, 2021, at 8 a.m. Eastern Time to provide further insights. The company aims to enhance growth through a robust M&A funnel.
Ingersoll Rand Inc. (NYSE:IR) announced a comprehensive capital allocation strategy aiming for long-term value creation and enhanced stockholder returns. The company generated nearly
Ingersoll Rand Inc. (NYSE:IR) has successfully completed the acquisition of Seepex GmbH, enhancing its Precision and Science Technologies segment. This strategic move aims to leverage Seepex's strong growth trajectory, with a high single-digit revenue CAGR since 2017 and expectations of double-digit growth. Seepex specializes in progressive cavity pumps, serving key markets like water, wastewater, and food and beverage, contributing approximately €160 million in annual revenue. CEO Vicente Reynal highlights shared values and the potential for revenue growth and technological synergies as significant benefits of this acquisition.
Ingersoll Rand Inc. (NYSE: IR) will participate in a virtual fireside chat hosted by Morgan Stanley on September 15, 2021, at 10:30 AM Eastern Time. The session will feature CEO Vicente Reynal and CFO Vikram Kini. Investors can listen to the live audio webcast through the Ingersoll Rand Investor Relations website. A replay will be available post-event.
Ingersoll Rand (NYSE:IR) announced a secondary offering of 29,788,635 shares by KKR Renaissance Aggregator L.P. The company will not sell any shares; all proceeds will go to the Selling Stockholder. Concurrently, Ingersoll Rand plans to repurchase 14,894,317 shares from the underwriter at the same price as the offering. The expected close date is August 6, 2021. J.P. Morgan Securities LLC is the underwriter for this offering. The registration statement has been filed and is effective, although no sale is valid until compliance with state laws.
Ingersoll Rand (NYSE:IR) announced an underwritten secondary offering of 29,788,635 shares of its common stock by KKR Renaissance Aggregator L.P. The offering will not involve any shares sold by Ingersoll Rand, with proceeds going entirely to the Selling Stockholder. Concurrently, Ingersoll Rand plans to repurchase 14,894,317 shares from the offering. J.P. Morgan Securities is the underwriter for this deal. The registration statement has become effective, and detailed prospectus information is available from J.P. Morgan.
Ingersoll Rand Inc. (NYSE:IR) has completed the acquisition of Maximus Solutions for CAD$135.4 million in cash. This strategic acquisition aims to enhance Ingersoll Rand's Precision and Science Technologies segment. Maximus Solutions has demonstrated strong double-digit revenue growth and focuses on sustainable markets, particularly in agritech, with an annual revenue of about CAD$40 million. The acquisition aligns with Ingersoll Rand's inorganic growth strategy, with expected Adjusted EBITDA margins improving within three years post-acquisition.
Ingersoll Rand (NYSE: IR) announced that Vicente Reynal, the CEO, and Vikram Kini, the CFO, will participate in a virtual fireside chat at the 2021 Jefferies Industrials Conference on August 3, 2021, at 1:30 PM Eastern time. The event will be accessible via a live webcast on the Ingersoll Rand Investor Relations website, and a replay will be available afterward. Ingersoll Rand focuses on providing mission-critical flow creation and industrial solutions across various sectors, leveraging technology and expertise.
Ingersoll Rand reported record orders and revenue growth in Q2 2021, fueled by a 53% increase in orders and 26% revenue growth in its Industrial Technologies and Services segment. The recent acquisitions of Seepex and Maximus Solutions are expected to grow the Precision and Science Technologies segment's market by $3.8 billion, enhancing shareholder value. The company also raised its full-year 2021 revenue and Adjusted EBITDA guidance, reflecting strong performance. Despite some cash flow outflows, Ingersoll Rand maintains a solid financial position with $4.7 billion in liquidity.
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