Ingersoll-Rand Inc Stock Price, News & Analysis

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 $2 billion from recent divestitures, which will support ongoing transformation efforts. Key elements include a newly approved $0.02 quarterly dividend program and a $750 million share repurchase program. The company maintains a target net leverage ratio of <2.0x, emphasizing M&A as a critical growth avenue.

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.