Ingersoll Rand Inc. (IR) reported fourth-quarter 2023 adjusted earnings of 86 cents per share, surpassing the Zacks Consensus Estimate of 76 cents. The bottom line increased 19.4% year over year.Total revenues of $1,821.4 million outperformed the consensus estimate of $1,755 million. The top line increased 12.2% year over year on a 3.8% rise in organic revenues. Acquisitions contributed 6.7% to revenues, while foreign currency movements had a positive impact of 1.7%.Orders in the quarter totaled $1.67 billi ...

Ingersoll Rand Inc. (NYSE:IR) Q4 2023 Earnings Conference Call February 16, 2024 8:00 AM ET Company Participants Matthew Fort - Vice President of Investor Relations Vicente Reynal - Chairman and CEO Vik Kini - CFO Conference Call Participants Mike Halloran - Baird Julian Mitchell - Barclays Jeff Sprague - Vertical Research Rob Wertheimer - Melius Research Andy Kaplowitz - Citigroup Nigel Coe - Wolfe Research Joe Ritchie - Goldman Sachs Steve Volkmann - Jefferies Chris Snyder - UBS Joe O'Dea - Wells Fargo Na ...

Ingersoll Rand (IR) reported $1.82 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 12.2%. EPS of $0.86 for the same period compares to $0.72 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.76 billion, representing a surprise of +3.78%. The company delivered an EPS surprise of +13.16%, with the consensus EPS estimate being $0.76.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Ingersoll Rand Inc. (IR) is scheduled to release fourth-quarter 2023 results on Feb 15, after market close.The company has a stellar earnings surprise history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 16.1%. Its bottom line surpassed the Zacks Consensus Estimate by 10% in the last reported quarter.Let’s see how things have shaped up for Ingersoll Rand this earnings season.Key Factors and Estimates for Q4Solid demand and higher orders wit ...

In its upcoming report, Ingersoll Rand (IR) is predicted by Wall Street analysts to post quarterly earnings of $0.76 per share, reflecting an increase of 5.6% compared to the same period last year. Revenues are forecasted to be $1.76 billion, representing a year-over-year increase of 8.1%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company ...

DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and industrial solutions, announced that Vicente Reynal, chairman and chief executive officer, Vik Kini, chief financial officer and Mike Weatherred, senior vice president, Ingersoll Rand Execution Excellence (IRX) and Commercial Excellence, will participate in fireside chats at the following upcoming investor conferences: - The Barclays Industrial Select Conference on Wednesday, February 21 ...

Several companies in the Zacks Industrial Products sector, including major player Caterpillar (CAT) , have reported fourth-quarter 2023 earnings results. As a widely recognized economic bellwether, Caterpillar's performance is closely monitored by investors, offering valuable insights into the sector's potential. CAT's recent report showed a notable 35.5% improvement in fourth-quarter earnings, surpassing expectations on increased demand for its energy and transportation products, and favorable price realiz ...

DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, closed on the acquisition of Friulair S.r.l. (“Friulair”) in an all-cash upfront purchase price of approximately $146M. Based in Italy, Friulair is recognized globally for its design and production of dryers, filters, aftercoolers, and accessories for the treatment of compressed air as well as its chiller product line. The addition of Friulair will increase the sc ...

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simonkr Investment Introduction When I look at Ingersoll Rand Inc. (NYSE:IR) one of the first thoughts that comes to mind is about how strong the value creation has been throughout its many years of operations. IR has found its advantages and way to grow rapidly, that being with a strong diversified product lineup enabling it to penetrate several market opportunities globally. The value creation that I talk about with IR comes from in my opinion the growth of the business and how that will continue to d ...