Core Viewpoint - Ingersoll Rand Inc. has released its 2023 Sustainability Report, highlighting its commitment to sustainability through innovative practices and operational excellence aimed at creating a better future [1][2]. Group 1: Grow Sustainably - The company employed a Design for Sustainability (DfS) process for all new product development, launching 80 new innovative products in 2023 [3]. - 66% of the product portfolio features sustainable attributes, with expectations that products with sustainable attributes will account for over 25% of total revenue by 2030 [3]. - Ingersoll Rand continues to support customers in high-growth, sustainable end markets such as clean energy, food, life sciences, and water [3]. Group 2: Operate Sustainably - The company prioritized employee safety, surpassing the industry average by 73%, with a total recordable incident rate (TRIR) of 0.69, approaching world-class standards [4][10]. - More than 1,800 employees have been granted equity through the Ownership Works program, increasing the total number of employees receiving grants to over 23,000 since May 2017 [4]. - Ingersoll Rand powers 45 sites worldwide with renewable energy and achieved its water reduction goal seven years ahead of the 2030 target [4]. - The company has been recognized on the "A List" by CDP and included in the Dow Jones Sustainability Indices for its leadership in sustainability practices [4]. Group 3: Future Goals - The company has set a new operational goal to reduce absolute water usage by 30% in water-stressed sites by 2030 [4]. - By 2040, Ingersoll Rand aims to help customers reduce or avoid 1 billion metric tons of carbon dioxide equivalent (CO2e) in their Scope 2 emissions through its products and services [4].

Core Insights - Ingersoll Rand Inc. has appointed Scott Watson as the senior vice president and general manager of the Life Science Technologies platform, effective immediately, succeeding Corey Walker [1][2] - Scott Watson's extensive experience in operational strategy and execution at ILC Dover positions him to drive growth in Ingersoll Rand's life sciences sector [2] Company Leadership Transition - The leadership transition is part of a thoughtful succession plan aimed at ensuring seamless continuity in management [1] - Scott Watson will oversee ILC's global strategy across commercial, operations, and new product development, and will take leadership of the legacy Ingersoll Rand medical business starting January 1, 2025 [1] Scott Watson's Background - Scott Watson has a strong track record in managing global operations, supply chain, and manufacturing processes, contributing to ILC Dover's operational and financial success [2] - He holds an MBA from Northwestern University's Kellogg School of Management, a Master of Engineering Management from Northwestern's McCormick School, and a Bachelor of Business Administration from Ohio University [2]

As Chief Operating Officer of ILC Dover, Scott Watson’s track record and operational expertise positions Ingersoll Rand for the next level of growth within life sciencesThoughtful succession plan positions company for seamless leadership transition DAVIDSON, N.C., June 25, 2024 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, today announced Scott Watson, former chief operating officer of ILC Dover (“ILC”), to ...

monsitj Investment Thesis Ingersoll Rand Inc.'s (NYSE:IR) organic revenue growth should recover in the coming quarters. The company saw a sequential acceleration in organic orders and Marketing Qualified Leads (MQL) in the last quarter, which indicates good demand momentum and bodes well for revenue growth in the coming quarters. Further, megatrends like reshoring and sustainability should drive demand for the company's products, boosting revenue growth. In the medium to long term, the company's focus on di ...

Ingersoll Rand Inc. (IR) is poised to gain from strength in the Industrial Technologies & Services segment, acquired assets and shareholder-friendly moves.Let’s delve into the factors that make this Zacks Rank #2 (Buy) company a smart investment choice at the moment.Business Strength: Exposure to various end markets, including industrial manufacturing, mining & construction, energy, transportation, medical and laboratory sciences, food and beverage packaging, as well as chemical processing, should help Inge ...

Ingersoll Rand Inc. (IR) recently completed the acquisition of ILC Dover for $2.325 billion in cash upfront. This deal was announced in March 2024. Concurrently, the company acquired Complete Air and Power Solutions (“CAPS”), Del PD Pumps & Gear Pvt Ltd. (Del Pumps) and Fruvac Ltd. (Fruitland Manufacturing) for a total price of around $150 million.ILC Dover is engaged in designing and manufacturing advanced solutions for the biopharmaceutical, pharmaceutical, aerospace and medical device end markets. The co ...

Core Insights - Ingersoll Rand Inc. has completed the acquisition of ILC Dover for approximately $2.325 billion, expanding its addressable market to about $65 billion in fragmented segments with sustainable growth opportunities [2] - The company also acquired Complete Air and Power Solutions, Del PD Pumps & Gear Pvt Ltd, and Fruvac Ltd for a combined price of around $150 million, demonstrating its commitment to capital allocation and achieving mid-teens return on invested capital three years post-acquisition [1][2] Acquisition Details - The acquisition of ILC adds new technologies for life science applications, including innovative single-use solutions for biopharma and gene therapy markets [2] - Del Pumps, based in India, manufactures various gear pumps and will enhance Ingersoll Rand's portfolio in life sciences, food and beverage, and wastewater treatment [2][3] - CAPS, based in Australia, provides compressed air and power generation services and will expand its offerings with Ingersoll Rand products [3] - Fruitland Manufacturing, located in Canada, specializes in mobile vacuum pumps and will enhance Ingersoll Rand's capabilities in low flow applications [3] Strategic Commitment - The acquisitions reflect Ingersoll Rand's ongoing commitment to inorganic growth and its ability to execute on its acquisition pipeline [3] - The company aims to achieve significant synergies and enhance its product offerings across various high-growth markets [2][3]

DAVIDSON, N.C., May 14, 2024 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and industrial solutions, announced that Vik Kini, chief financial officer, and Matthew Fort, vice president, Investor Relations and Corporate FP&A, will participate in a fireside chat at the Wolfe 17th Annual Global Transportation and Industrials Conference on Wednesday, May 22, 2024, at 8:00 a.m. Eastern Time. A real-time audio webcast of the fireside chat can be accessed vi ...

DAVIDSON, N.C., May 14, 2024 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and industrial solutions, announced that Vik Kini, chief financial officer, and Matthew Fort, vice president, Investor Relations and Corporate FP&A, will participate in a fireside chat at the Wolfe 17th Annual Global Transportation and Industrials Conference on Wednesday, May 22, 2024, at 8:00 a.m. Eastern Time. A real-time audio webcast of the fireside chat can be accessed vi ...

Ingersoll Rand Inc. (IR) has been benefiting from strong orders for industrial vacuum and blower within the Industrial Technologies & Services unit. Also, stable orders for compressors have been proving beneficial for the segment. Going forward, growth in short-cycle orders along with strong book-and-ship orders is likely to be a tailwind for the Precision and Science Technologies segment.For 2024, IR expects revenues to increase 4-6% from the year-ago levels. Management forecasts adjusted earnings in the r ...