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Ingersoll Rand Inc. - IR STOCK NEWS

Welcome to our dedicated page for Ingersoll Rand news (Ticker: IR), a resource for investors and traders seeking the latest updates and insights on Ingersoll Rand stock.

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.
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On July 10, 2024, Ingersoll Rand (NYSE: IR) announced its schedule for the release of its second quarter 2024 earnings. The company will disclose the earnings results after market close on July 31, 2024.

A live conference call to discuss these results is scheduled for August 1, 2024, at 8 a.m. EDT. Participants can join the call by dialing +1-888-330-3073 domestically or +1-646-960-0683 internationally, using access code 8970061.

A real-time audio webcast and related presentation materials will be available on Ingersoll Rand's Investor Relations website. A replay of the webcast will also be accessible post-conference.

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Ingersoll Rand (NYSE: IR) has released its 2023 Sustainability Report, highlighting significant achievements and new goals. The company focuses on two main areas: 'Grow Sustainably' and 'Operate Sustainably.'

Key accomplishments include launching 80 new sustainable products, with 66% of its portfolio featuring sustainable attributes, expecting these to account for over 25% of revenue by 2030. The company supports high-growth markets like clean energy and life sciences.

Operational achievements include surpassing industry safety standards by 73%, granting equity to over 23,000 employees since 2017, powering 45 sites with renewable energy, and achieving a water reduction goal seven years early. Ingersoll Rand has been recognized on the CDP 'A List' and Dow Jones Sustainability Indices.

New goals include reducing water usage by 30% in water-stressed sites by 2030 and helping customers reduce or avoid 1 billion metric tons of CO2e by 2040.

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Ingersoll Rand has appointed Scott Watson, former Chief Operating Officer of ILC Dover, as the Senior Vice President and General Manager of its Life Science Technologies platform. The appointment is effective immediately, succeeding Corey Walker. Scott will oversee global strategy, operations, and new product development, and from January 2025, he will manage the legacy Ingersoll Rand medical business. Known for his operational expertise and strategic leadership, Scott has a strong track record in driving growth and operational excellence at ILC Dover.

Ingersoll Rand's CEO, Vicente Reynal, expressed confidence in Scott's ability to continue the company's success, highlighting his extensive experience in revenue generation and operational management. Scott holds advanced degrees from Northwestern University and Ohio University, emphasizing his strong academic background in business and engineering management.

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Ingersoll Rand (NYSE: IR), a global provider of industrial solutions, announced participation in the Wells Fargo 2024 Industrials Conference. CFO Vik Kini and VP Matthew Fort will join a fireside chat on June 11, 2024, at 9:00 a.m. ET. The session will be webcast live and available for replay on the Ingersoll Rand Investor Relations website.

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Ingersoll Rand has finalized the acquisition of ILC Dover for $2.325 billion, expanding its market reach to $65 billion. Additionally, the company acquired Complete Air and Power Solutions, Del PD Pumps & Gear Pvt , and Fruitland Manufacturing for $150 million. These acquisitions aim to enhance Ingersoll Rand's portfolio in sustainable markets such as life sciences, food and beverage, medical, and wastewater treatment. The company demonstrates its commitment to achieving mid-teens return on invested capital within three years post-acquisition.

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Ingersoll Rand (NYSE: IR) announced that CFO Vik Kini and VP Matthew Fort will participate in the Wolfe 17th Annual Global Transportation and Industrials Conference. The event will take place on May 22, 2024, at 8:00 a.m. Eastern Time. A fireside chat will be webcast live and will be available for replay on the company's Investor Relations website. This participation highlights the company's ongoing engagement with investors and stakeholders, providing insights into its financial strategies and business outlook.

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Ingersoll Rand Inc. successfully completed a $3,300 million Senior Unsecured Bond Offering and established a new $2,600 million Senior Unsecured Revolving Credit Facility. The funds raised will be used for various purposes, including the repayment of term loans, funding an acquisition, and general corporate uses. The company also received an upgrade in its credit ratings by all three major agencies, reflecting its strong financial performance and improved capital structure.

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Ingersoll Rand has led a $19M financing round for Inkbit, a pioneer in advanced additive manufacturing solutions. The funding will advance Inkbit's Vision-Controlled Jetting™ (VCJ) technology, enabling rapid manufacturing of innovative products like complex industrial fluidics and bio-inspired robots. Inkbit's technology reimagines the traditional assembly line, combining scalability, reliability, and intelligence to build multi-functional products in one pass.

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Ingersoll Rand reported record first quarter revenues, Adjusted EBITDA, and Adjusted EPS. The company raised its total company Adjusted EBITDA and Adjusted EPS guidance for 2024, showcasing a strong performance driven by Ingersoll Rand Execution Excellence (IRX). Despite a decline in orders, the two-year stack shows an improvement, with reported revenues and net income also on the rise. The company maintains a healthy liquidity of $3.5 billion and has raised its 2024 guidance for Adjusted EBITDA and Adjusted EPS. Ingersoll Rand is focused on delivering long-term value to shareholders through strategic acquisitions and comprehensive capital allocation strategies.

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Ultima Genomics, a developer of an innovative ultra-high throughput sequencing architecture, announced the addition of Mark Stevenson, a seasoned executive with over 30 years of experience in the life sciences sector, to its Board of Directors. Stevenson, the former Executive Vice President and COO of Thermo Fisher Scientific, brings valuable expertise in next-generation sequencing technologies and innovation. His appointment is expected to bolster Ultima Genomics' position in the genomics and healthcare fields.

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FAQ

What does Ingersoll Rand Inc. do?

Ingersoll Rand Inc. creates and sustains safe, comfortable, and efficient environments through its diverse portfolio, including brands like Club Car®, Ingersoll Rand®, Thermo King®, and Trane®.

What are the main business lines of Ingersoll Rand?

The company's main business lines are Industrial Technologies and Services, and Precision and Science Technologies.

What markets does Ingersoll Rand serve?

Ingersoll Rand serves various end markets, including industrial, medical, and energy sectors.

What products does Ingersoll Rand offer?

The company offers compression systems, blower and vacuum solutions, and fluid management systems.

How much revenue did Ingersoll Rand generate in 2023?

Ingersoll Rand generated approximately $6.9 billion in revenue in 2023.

What is Ingersoll Rand's commitment to sustainability?

Ingersoll Rand is committed to sustainable progress and enduring results, aiming to advance the quality of life globally.

What recent partnership has Ingersoll Rand announced?

Ingersoll Rand recently partnered with Inkbit™ to bring Vision-Controlled Jetting™ (VCJ) technology to market, revolutionizing product design and manufacturing.

Who is the CEO of Ingersoll Rand?

The Chairman and Chief Executive Officer of Ingersoll Rand is Vicente Reynal.

What are Ingersoll Rand's notable brands?

Notable brands under Ingersoll Rand include Club Car®, Ingersoll Rand®, Thermo King®, and Trane®.

Where can I read more about Ingersoll Rand's latest news?

You can read the latest news and updates on Ingersoll Rand's official website or on financial news platforms.

Ingersoll Rand Inc.

NYSE:IR

IR Rankings

IR Stock Data

39.10B
403.43M
0.2%
97%
2.57%
Air and Gas Compressor Manufacturing
Manufacturing
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United States of America
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