Ingersoll Rand Inc. - IR STOCK NEWS

Ingersoll Rand (NYSE:IR) has announced the acquisition of Holtec Gas Systems, Hanye, and Hydro Prokav for approximately $35 million. This move enhances its air treatment capabilities, opening a $1B addressable market and strengthens its position in the progressive cavity pump sector. Holtec, based in Missouri, has an annual revenue of $10 million, while Hanye in China generates about $4 million. Hydro Prokav, from India, contributes roughly $6 million in revenue, with significant aftermarket sales.

Ingersoll Rand Inc. (NYSE: IR) is set to release its second-quarter 2022 earnings after market close on August 3, 2022. A live conference call to discuss these results will occur on August 4, 2022, at 8 a.m. Eastern Time. Interested participants can join through the listed phone numbers or via a webcast on the company's Investor Relations website. A replay will also be available post-conference for those unable to attend live.

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.