Ingersoll Rand Benefits From Business Strength Amid Headwinds

Ingersoll Rand Inc. (IR) continues to see higher orders across its product portfolio of industrial vacuums and blowers, along with stable orders for compressors, which is driving the Industrial Technologies & Services segment. Also, growth in short-cycle orders, along with strong book-and-ship orders, has been a tailwind for the Precision and Science Technologies segment.Driven by strength across its businesses, management expects 2024 revenues to increase 5-7% from the year-ago level. The company forecasts ...