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.
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.
Ingersoll Rand Inc. (NYSE:IR) has completed the acquisition of Maximus Solutions for CAD$135.4 million in cash. This strategic acquisition aims to enhance Ingersoll Rand's Precision and Science Technologies segment. Maximus Solutions has demonstrated strong double-digit revenue growth and focuses on sustainable markets, particularly in agritech, with an annual revenue of about CAD$40 million. The acquisition aligns with Ingersoll Rand's inorganic growth strategy, with expected Adjusted EBITDA margins improving within three years post-acquisition.
Ingersoll Rand (NYSE: IR) announced that Vicente Reynal, the CEO, and Vikram Kini, the CFO, will participate in a virtual fireside chat at the 2021 Jefferies Industrials Conference on August 3, 2021, at 1:30 PM Eastern time. The event will be accessible via a live webcast on the Ingersoll Rand Investor Relations website, and a replay will be available afterward. Ingersoll Rand focuses on providing mission-critical flow creation and industrial solutions across various sectors, leveraging technology and expertise.
Ingersoll Rand reported record orders and revenue growth in Q2 2021, fueled by a 53% increase in orders and 26% revenue growth in its Industrial Technologies and Services segment. The recent acquisitions of Seepex and Maximus Solutions are expected to grow the Precision and Science Technologies segment's market by $3.8 billion, enhancing shareholder value. The company also raised its full-year 2021 revenue and Adjusted EBITDA guidance, reflecting strong performance. Despite some cash flow outflows, Ingersoll Rand maintains a solid financial position with $4.7 billion in liquidity.