Ingersoll Rand Inc. - IR STOCK NEWS

Ingersoll Rand Inc. (NYSE: IR) has acquired three companies - Air Power Systems Co., (APSCO), Blutek s.r.l., and UT Pumps & Systems Private - for a combined purchase price of approximately $135 million. These acquisitions are expected to add more than $50 million in revenue cumulatively, acquired at a high-single digit multiple of 2024 estimated Adjusted EBITDA.

The acquisitions complement Ingersoll Rand's product and technology offerings, increase geographic reach, and add new pump technology and capabilities. They are part of the company's bolt-on acquisition strategy, which aims to enhance its durable financial profile by serving high-growth, sustainable end markets. Ingersoll Rand expects to achieve mid-teens return on invested capital (ROIC) by the third full year of ownership.

This brings the total number of acquisitions closed by Ingersoll Rand this year to 14, as part of its disciplined capital allocation strategy.

Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, has announced its schedule for the third quarter 2024 earnings release and conference call. The company will release its Q3 2024 earnings report after the market closes on Thursday, October 31, 2024. Following this, Ingersoll Rand will host a live earnings conference call to discuss the results on Friday, November 1, 2024, at 8 a.m. Eastern Daylight Time.

To participate in the call, investors can dial +1-888-330-3073 (domestic) or +1-646-960-0683 (international) using the access code 8970061. A real-time audio webcast of the presentation will be available on the Ingersoll Rand Investor Relations website, where related materials will be posted prior to the conference call. A replay of the webcast will also be accessible on the Investor Relations website after the call concludes.

Northern Tool + Equipment and Monster Jam have announced a three-year partnership, making Northern Tool the official hardware retailer and tools partner for Monster Jam. The collaboration includes the Monster Jam Garage Outfitted by Northern Tool + Equipment and a unique Tools for the Trades™ Monster Jam Mini Build program involving high school students.

Key aspects of the partnership include:

• Monster Jam trucks visiting Northern Tool stores nationwide
• A mini truck build project with Bryan High School's CTE program students
• Mentorship from Monster Jam experts for participating students
• Donation of tools and equipment to the school program

The partnership aims to inspire students to pursue careers in skilled trades while integrating Northern Tool's products into Monster Jam's operations and events.

Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, has announced its participation in two upcoming investor conferences. Vicente Reynal, chairman and CEO, and Vik Kini, CFO, will engage in fireside chats at:

1. The Jefferies Industrials Conference on September 4, 2024, at 9:15 a.m. EDT.

2. The Morgan Stanley 12th Annual Laguna Conference on September 12, 2024, at 7:35 a.m. PDT.

Real-time audio webcasts of both events will be accessible through the Events and Presentations section of the Ingersoll Rand Investor Relations website. Replays will be available after the conclusion of each fireside chat.

Ingersoll Rand (NYSE: IR) reported record second quarter 2024 results, with revenues of $1,805 million (up 7% YoY), adjusted EBITDA of $495 million (up 16% YoY), and adjusted EPS of $0.83. The company is raising its full-year 2024 guidance, projecting total revenue growth of 6-8%, adjusted EBITDA of $2,010-$2,060 million (up 12-15% YoY), and adjusted EPS of $3.27-$3.37 (up 10-14% YoY). Strong performance was driven by pricing strength and operational execution through the Ingersoll Rand Execution Excellence (IRX) model. The company maintains a solid financial position with $3.7 billion in liquidity and completed multiple acquisitions in Q2, including ILC Dover for $2.6 billion.

Ingersoll Rand (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, has announced a regular quarterly cash dividend. The company's Board of Directors declared a dividend of $0.02 per share of common stock. This dividend will be payable on September 5, 2024, to stockholders of record as of August 15, 2024.

This announcement demonstrates Ingersoll Rand's commitment to returning value to shareholders through consistent dividend payments. The dividend declaration aligns with the company's financial strategy and reflects its ongoing financial stability in the industrial solutions sector.

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.

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.

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.