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. reports developments tied to its mission-critical flow creation, life science and industrial solutions portfolio. Company news commonly covers operating results, order and revenue trends, segment performance, and regular capital-return actions such as cash dividends.
Updates also include bolt-on acquisitions that expand technologies within areas such as metering and dosing, compression, blower and vacuum, and fluid management. Recent acquisition activity added hydropneumatic accumulators, pulsation dampeners, calibration pots and instrumentation to the Precision and Science Technologies segment. Other recurring announcements address sustainability recognition, investor conference participation, governance matters and business outlook commentary.
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.
Ingersoll Rand Inc. (NYSE: IR) will participate in a virtual fireside chat hosted by Morgan Stanley on September 15, 2021, at 10:30 AM Eastern Time. The session will feature CEO Vicente Reynal and CFO Vikram Kini. Investors can listen to the live audio webcast through the Ingersoll Rand Investor Relations website. A replay will be available post-event.
Ingersoll Rand (NYSE:IR) announced a secondary offering of 29,788,635 shares by KKR Renaissance Aggregator L.P. The company will not sell any shares; all proceeds will go to the Selling Stockholder. Concurrently, Ingersoll Rand plans to repurchase 14,894,317 shares from the underwriter at the same price as the offering. The expected close date is August 6, 2021. J.P. Morgan Securities LLC is the underwriter for this offering. The registration statement has been filed and is effective, although no sale is valid until compliance with state laws.
Ingersoll Rand (NYSE:IR) announced an underwritten secondary offering of 29,788,635 shares of its common stock by KKR Renaissance Aggregator L.P. The offering will not involve any shares sold by Ingersoll Rand, with proceeds going entirely to the Selling Stockholder. Concurrently, Ingersoll Rand plans to repurchase 14,894,317 shares from the offering. J.P. Morgan Securities is the underwriter for this deal. The registration statement has become effective, and detailed prospectus information is available from J.P. Morgan.