Execution of bolt-on acquisition strategy continues to enhance company's durable financial profile by adding highly complementary products and capabilities focused on high-growth, sustainable end marketsAcquisitions will expand Ingersoll Rand's product and technology portfolio with additional chiller and onsite gas generation offerings and support the company's in-region for the region strategyAcquisitions have a combined pre-synergy Adjusted EBITDA purchase multiple of high-single digits DAVIDSON, N.C., Ap ...

Ingersoll Rand Inc. (IR) shares ended the last trading session 9.8% higher at $73.32. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 19.5% loss over the past four weeks.Ingersoll Rand’s rally is driven by President Trump’s announcement of a 90-day pause on tariffs for most countries. This move is aimed to stabilize markets and address global trade concerns.This maker of flow control and compression equipment is ex ...

DAVIDSON, N.C., April 08, 2025 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, will issue its first quarter 2025 earnings release after the market closes on Thursday, May 1, 2025. Ingersoll Rand will also host a live earnings conference call to discuss the first quarter results on Friday, May 2, 2025, at 8 a.m. Eastern Time. To participate in the call, please dial +1-888-330-3073, domestically, or +1-646-960-0 ...

DAVIDSON, N.C., April 03, 2025 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life sciences and industrial solutions, today announced the appointment of Michelle Swanenburg to its Board of Directors, effective immediately. Swanenburg currently serves as the head of Human Resources (HR) at T. Rowe Price (NASDAQ: TROW), a premier global asset management organization with $1.63 trillion in assets under management as of February 28, 2025. She brings ...

Ingersoll Rand Inc. (IR) is poised to gain from its exposure to various end markets, including industrial manufacturing, mining & construction, energy, transportation, medical and laboratory sciences, food and beverage packaging. Increasing orders across its product portfolio of industrial vacuums and blowers, and compressors are expected to drive the Industrial Technologies & Services segment. The segment's order totaled $1.4 billion, up 3.3% year over year in the fourth quarter of 2024. Strong momentum in ...

DAVIDSON, N.C., March 31, 2025 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life sciences and industrial solutions, today announced that it received notice of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,500,00 shares of Ingersoll Rand's common stock at $77.50 per share. The offer price is approximately 4.27% below the closing price of the company's common stock on The New York Stock ...

Financial Performance - Revenues for the year ended December 31, 2024, were $7,235.0 million, an increase of 5.2% from $6,876.1 million in 2023[252] - Gross profit for 2024 was $3,170.0 million, up from $2,882.2 million in 2023, reflecting a gross margin improvement[252] - Operating income increased to $1,300.1 million in 2024, compared to $1,164.3 million in 2023, representing a growth of 11.7%[252] - Net income attributable to Ingersoll Rand Inc. for 2024 was $838.6 million, a rise of 7.7% from $778.7 million in 2023[252] - Basic earnings per share for 2024 were $2.08, compared to $1.92 in 2023, indicating a 8.3% increase[252] - Comprehensive income attributable to Ingersoll Rand Inc. for 2024 was $597.7 million, down from $802.8 million in 2023, primarily due to foreign currency translation adjustments[254] Debt and Interest Management - The company had no variable rate debt outstanding as of December 31, 2024, managing interest rate risk through fixed rate to floating rate swap contracts[238][239] - A hypothetical increase of 100 basis points in market interest rates would increase interest expense by $7.5 million in 2024[241] - Long-term debt increased to $4,754.4 million in 2024, compared to $2,693.0 million in 2023, indicating a rise of 76.3%[257] - The company issued $3,300.0 million in senior unsecured notes on May 10, 2024, to fund acquisitions and repay existing debt[388] - The weighted-average interest rate for the debt was 7.18% prior to repayment in May 2024[386] Assets and Liabilities - Total assets increased to $18,009.8 million as of December 31, 2024, up from $15,563.5 million in 2023, representing a growth of 15.7%[257] - Total liabilities reached $7,764.5 million in 2024, up from $5,716.8 million in 2023, which is an increase of 36.0%[257] - Total stockholders' equity increased to $10,179.0 million in 2024, up from $9,783.8 million in 2023, representing a growth of 4.0%[259] - Cash and cash equivalents decreased to $1,541.2 million in 2024 from $1,595.5 million in 2023, a decline of 3.4%[257] Acquisitions and Investments - The Company completed the acquisition of ILC Dover for an initial cash consideration of $2,349.7 million, with goodwill of $1,309.8 million primarily due to anticipated revenue and cost synergies[327] - The total consideration for all businesses acquired in 2024 amounted to $2,975.9 million, with revenues from these acquisitions contributing $349.6 million for the year ended December 31, 2024[336] - The Company completed the acquisition of SPX FLOW's Air Treatment business for $519.0 million, enhancing its offerings in compressor system components[337] - The Company acquired Friulair for $143.3 million, aimed at increasing the scale of its air dryer business and adding new chiller production capabilities[318] - The Company recognized $159.9 million of goodwill from its 2023 acquisitions that is expected to be deductible for tax purposes[341] Cash Flow and Expenditures - Cash flows from operating activities from continuing operations reached $1,396.7 million, compared to $1,377.4 million in 2023, reflecting a solid operational performance[262] - Capital expenditures for 2024 were $149.1 million, an increase from $105.4 million in 2023, indicating ongoing investment in growth[262] - Net cash used in investing activities from continuing operations was $3,107.7 million, significantly higher than $1,060.5 million in 2023, primarily due to acquisitions[262] Restructuring and Operational Efficiency - The company reported restructuring charges of $31.2 million in 2024, compared to $19.9 million in 2023, indicating ongoing efforts to optimize cost structure[359] - The company’s restructuring program initiated in 2020 continues to yield efficiencies, with charges related to workforce restructuring and facility consolidation[356] Pension and Benefits - The Company’s pension benefits obligations decreased from $294.0 million in 2023 to $264.7 million in 2024[409] - The fair value of plan assets for pension benefits was $206.9 million as of December 31, 2024, down from $237.5 million in 2023[411] - The total net periodic benefit cost recognized for U.S. pension plans was $1.2 million in 2024, compared to $2.3 million in 2023, indicating a reduction of approximately 47.8%[417] Research and Development - The Company spent $116.6 million on research activities in 2024, up from $108.2 million in 2023 and $91.3 million in 2022, indicating a 7.9% increase year-over-year[295] Currency and Foreign Exchange - The company experienced unfavorable impacts on revenues due to the strengthening of the U.S. dollar against foreign currencies in 2024[242] - The company experienced a foreign currency transaction loss of $3.2 million in 2024, compared to a gain of $5.1 million in 2023, indicating currency volatility impacts[262]

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Q4 and full- year 2024 earnings presentation Making Life Better Forward-looking statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to expectations of Ingersoll Rand Inc. (the "Company" or "Ingersoll Rand") regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are ...

Ingersoll Rand Inc. (NYSE:IR) Q4 2024 Earnings Conference Call February 14, 2025 8:00 AM ET Company Participants Matthew Fort - VP, IR Vicente Reynal - Chairman & CEO Vik Kini - CFO Conference Call Participants Michael Halloran - Baird Julian Mitchell - Barclays Jeff Sprague - Vertical Research Partners Rob Wertheimer - Melius Research Andy Kaplowitz - Citigroup Stephen Volkmann - Jefferies Chris Snyder - Morgan Stanley Nicole DeBlase - Deutsche Bank Nigel Coe - Wolfe Research Nathan Jones - Stifel David Ra ...