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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's Hydrogen Systems Group, part of the Precision and Science Technologies Segment, has signed a long-term supply agreement with Hiringa Refuelling NZ to provide hydrogen refuelling stations across New Zealand. Hiringa has placed orders for four high-capacity stations, which are scheduled for delivery in 2022. This collaboration aims to establish a nationwide green hydrogen network to support heavy transport. Hiringa plans to deploy over 24 refuelling stations within the next 4-5 years, enhancing the infrastructure for zero-emission transport in New Zealand.
Ingersoll Rand (NYSE:IR) has announced an all-cash acquisition of Tuthill Corporation’s Pump Group for $84.6 million, expected to close in Q4. This purchase extends Ingersoll Rand's portfolio of precision pumps, enhancing its reach in high-growth markets like life sciences, food and beverage, and wastewater treatment. The acquisition is anticipated to lower adjusted EBITDA purchase multiples to mid-single digits by year three and create substantial synergies, driving shareholder value.
Ingersoll Rand has announced the acquisition of Air Dimensions for $70.5 million, aligning with its capital allocation strategy focused on high-growth sectors. The transaction, set to close on October 29, 2021, aims to enhance Ingersoll Rand's product portfolio and expand its market reach in sustainable applications. Air Dimensions, based in Deerfield Beach, Florida, reported $11 million in annual revenues for 2021, with significant adjusted EBITDA margins. The acquisition is expected to result in meaningful synergies and is viewed as a strategic move for future growth.
The Board of Directors of Ingersoll Rand (NYSE: IR) has declared a quarterly cash dividend of $0.02 per share, marking the company's inaugural dividend under its new program. This dividend will be payable on December 17, 2021, to stockholders recorded by November 10, 2021. This announcement follows their capital allocation strategy presentation on September 2, 2021, highlighting a commitment to returning value to shareholders.
Ingersoll Rand Inc. (NYSE:IR) will host a virtual investor and analyst meeting on November 18 at 8 a.m. ET. CEO Vicente Reynal and CFO Vikram Kini will present the company’s long-term growth strategy, market technologies, and capital allocation priorities, emphasizing Ingersoll Rand Execution Excellence (IRX) and ESG initiatives. The event will be accessible via a live webcast, with a replay available post-event. For more details, visit the Ingersoll Rand Investor Relations website.
Ingersoll Rand Inc. (NYSE: IR) will release its third-quarter earnings on November 3, 2021, after the market closes. A live conference call is scheduled for November 4, 2021, at 8 a.m. Eastern Time to discuss the results. Investors can join the call by dialing 1-844-200-6205 or accessing a real-time audio webcast on Ingersoll Rand's Investor Relations website. A replay will be available post-conference. Ingersoll Rand is known for providing mission-critical industrial solutions across over 40 brands.
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.
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