Ingersoll-Rand Inc Stock Price, News & Analysis

Ingersoll Rand (NYSE: IR) has achieved significant recognition for its sustainability initiatives in 2025. The company earned an 'A List' rating from CDP for environmental stewardship and ranked #1 globally in the Machinery and Electrical Equipment industry with a top 1% score of 81/100 on the 2024 S&P Global Corporate Sustainability Assessment.

The company was included in the Dow Jones Best-in-Class Indices for the third consecutive year and made TIME's inaugural list of World's Best Companies in Sustainable Growth. Notably, Ingersoll Rand's near-term and net-zero Scope 1, 2, and 3 targets received validation from the Science Based Targets initiative (SBTi), confirming their emission reduction strategy.

CEO Vicente Reynal emphasized how these achievements align with their purpose of 'Making Life Better' and their commitment to leveraging sustainability for long-term shareholder value.

Ingersoll Rand (NYSE: IR) has announced its participation in two major upcoming investor conferences. Chief Financial Officer Vik Kini will engage in fireside chats at:

• The Citi Global Industrial Tech and Mobility Conference on Wednesday, February 19, 2025, at 11:20 a.m. Eastern Time

• The Barclays Industrial Select Conference on Thursday, February 20, 2025, at 7:30 a.m. Eastern Time

Both fireside chats will feature real-time audio webcasts accessible through the Events and Presentations section of Ingersoll Rand's Investor Relations website. Replay options will be available after the conclusion of each session.

Ingersoll Rand (NYSE: IR) has acquired SSI Aeration and its subsidiaries, a global leader in wastewater treatment plant equipment with approximately $30 million in annual revenue. The acquisition was completed at a purchase multiple of approximately 10x 2024E Adjusted EBITDA.

SSI specializes in designing and manufacturing innovative wastewater treatment equipment, including fine bubble diffusers, coarse bubble diffusers, and aeration systems. With manufacturing facilities in the United States, South Korea, and India, SSI will be integrated into Ingersoll Rand's Industrial Technologies and Services segment (IT&S).

The strategic acquisition aims to enhance Ingersoll Rand's capabilities in the wastewater treatment sector by combining their low pressure compressors with SSI's aeration offerings to provide comprehensive end-to-end solutions. This move is expected to accelerate topline growth through increased access to municipal markets.

Ingersoll Rand (NYSE: IR) has announced its schedule for the fourth quarter 2024 earnings release and conference call. The company will release its Q4 2024 earnings after market close on Thursday, February 13, 2025.

A live earnings conference call will be held on Friday, February 14, 2025, at 8 a.m. Eastern Standard Time. Participants can join by dialing +1-888-330-3073 (domestic) or +1-646-960-0683 (international) using access code 8970061. A real-time audio webcast will be available through the Events and Presentations section of Ingersoll Rand's Investor Relations website, where related materials will be posted before the call. A replay will be accessible on the same website after the conference.

Ingersoll Rand (NYSE: IR) has announced its upcoming 2024 sustainability investor call, scheduled for December 17, 2024, at 8:00 a.m. Eastern Time. The call will focus on the company's commitment and recent achievements in sustainable leadership.

Investors can participate through dial-in numbers: +1-800-715-9871 (domestic) or +1-646-307-1963 (international), using access code 5314346. A live audio webcast will be available through the Events and Presentations section of Ingersoll Rand's Investor Relations website, where related materials will be posted before the call. A replay will be accessible on the same website after the conference concludes.

Ingersoll Rand (NYSE: IR) announced that CFO Vik Kini will participate in a fireside chat at the Goldman Sachs Industrials and Materials Conference on December 5, 2024, at 9:20 a.m. Eastern Time. The event will be accessible through a live audio webcast via the Events and Presentations section of the company's Investor Relations website. A replay will be available after the session concludes. Ingersoll Rand is a global provider of mission-critical flow creation and life science and industrial solutions.

Ingersoll Rand (NYSE: IR) reported strong third quarter 2024 results with record orders of $1,799 million (up 10%) and revenues of $1,861 million (up 7%). The company achieved net income of $222 million, or $0.54 per share, with adjusted net income of $345 million ($0.84 per share). Adjusted EBITDA increased 15% to $533 million, with a margin improvement of 210 basis points to 28.6%. The company maintained strong liquidity of $4.0 billion and updated its 2024 guidance, projecting total revenue growth of 5-7% and adjusted EPS of $3.28-$3.34.

Ingersoll Rand (NYSE: IR) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.02 per share of common stock. The dividend will be paid on December 5, 2024 to stockholders of record as of November 14, 2024. Ingersoll Rand is a global provider of mission-critical flow creation and life science and industrial solutions.

D.A. Davidson announced its role as the exclusive financial advisor to Air Power Systems Co. (APSCO) in its sale to Ingersoll Rand (NYSE:IR). APSCO, a portfolio company of TGP Investments, is a leading provider of hydraulic and pneumatic engineered products and solutions for medium and heavy-duty work truck and transportation applications.

Founded in 1964, APSCO offers customized products and systems with over 60 years of industry experience. The acquisition aligns with Ingersoll Rand's strategy to invest in sustainability, innovation, and aftermarket. Eric Stetler, Managing Director at D.A. Davidson, expressed confidence in the partnership, while Vince Williams, CEO of APSCO, highlighted their commitment to quality and service.

This transaction marks another successful closing by D.A. Davidson's Diversified Industrials Investment Banking Group, showcasing the firm's expertise in the Machinery & Equipment sector.