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Ingersoll Rand Welcomes Aurobind Satpathy to Board of Directors
Globenewswire· 2025-07-15 12:30
Forward-Looking Statements DAVIDSON, N.C., July 15, 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 Aurobind Satpathy to its Board of Directors, effective immediately. Satpathy currently serves as a senior partner at McKinsey & Company, a global management consulting firm. During his nearly 30-year career with McKinsey & Company, Satpathy led multi-billion-dollar merger ...
Ingersoll Rand Schedules Second Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-07-10 20:30
Core Viewpoint - Ingersoll Rand Inc. is set to release its second quarter 2025 earnings on July 31, 2025, after market close, followed by a conference call on August 1, 2025, to discuss the results [1][2]. Company Information - Ingersoll Rand Inc. is a global provider specializing in mission-critical flow creation and life science and industrial solutions, emphasizing exceptional performance and durability [4]. - The company operates under an entrepreneurial spirit and ownership mindset, aiming to enhance the lives of employees, customers, shareholders, and the planet [4]. - Ingersoll Rand supports its offerings with over 80 respected brands, excelling in complex and harsh conditions [4].
Ingersoll Rand Celebrates a Landmark Year in Sustainability and Growth in 2024
Globenewswire· 2025-07-10 12:00
DAVIDSON, N.C., July 10, 2025 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc. (NYSE: IR), a global leader in mission-critical flow creation and life science and industrial solutions, proudly announces its most impactful year yet in sustainability, innovation, and operational excellence. The company’s 2024 sustainability report, “Enabling Growth: Leading Sustainably with purpose,” highlights transformative progress and responsible business practices. Key highlights include: Sustainability leadership recognized globa ...
ALSN to Acquire Dana's Off-Highway Unit, Realize $120M in Synergies
ZACKS· 2025-06-12 16:01
Key Takeaways Allison to buy Dana's Off-Highway business for $2.7B to broaden its industrial offerings. The Off-Highway unit made up 27% of Dana's 2024 revenues and operates in over 25 countries. ALSN expects $120M in annual synergies and aims to close the cash-and-debt deal by Q4 2025.Allison Transmission Holdings, Inc. (ALSN) has entered into an agreement with Dana Inc. (DAN) to acquire its Off-Highway business for approximately $2.7 billion. The unit to be acquired manufactures mobile drivetrains and m ...
Allison Transmission Announces Acquisition of Dana's Off-Highway Business, Strengthening its Global Powertrain Capabilities
Prnewswire· 2025-06-11 20:30
Core Viewpoint - Allison Transmission Holdings Inc. has announced a definitive agreement to acquire the Off-Highway business of Dana Incorporated for approximately $2.7 billion, which aligns with its strategic priorities to expand its market presence and enhance core technologies [1][3][6] Company Overview - Allison Transmission is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles, recognized as the largest global manufacturer of medium- and heavy-duty fully automatic transmissions [11] - The company operates in over 150 countries and has regional headquarters in the Netherlands, China, and Brazil, with manufacturing facilities in the USA, Hungary, and India [11] Acquisition Details - The acquisition is expected to be immediately accretive to Allison's diluted earnings per share and is anticipated to generate annual run-rate synergies of approximately $120 million [6] - The transaction will be financed through a combination of cash on the balance sheet and debt, and is expected to close late in the fourth quarter of 2025, pending regulatory approvals [6] Strategic Importance - This acquisition will enable Allison to offer a wider range of commercial-duty powertrain and industrial solutions to a global customer base, enhancing its competitive position in the market [3][4] - Dana's Off-Highway business operates in over 25 countries and is recognized for its industry-leading powertrain technologies, including hybrid and electric drive systems [4][5] Leadership Statements - David Graziosi, Chair and CEO of Allison, emphasized the transformative nature of the acquisition, aiming to empower customers with advanced propulsion and drivetrain solutions [4] - R. Bruce McDonald, Chair and CEO of Dana, expressed confidence that the off-highway business will thrive under Allison's leadership, allowing Dana to focus on its core priorities [5]
Unveiling Donaldson (DCI) Q3 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2025-05-29 14:21
In its upcoming report, Donaldson (DCI) is predicted by Wall Street analysts to post quarterly earnings of $0.95 per share, reflecting an increase of 3.3% compared to the same period last year. Revenues are forecasted to be $940.49 million, representing a year-over-year increase of 1.4%.The current level reflects a downward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial pr ...
Insights Into Keysight (KEYS) Q2: Wall Street Projections for Key Metrics
ZACKS· 2025-05-15 14:15
Core Insights - Keysight (KEYS) is expected to report quarterly earnings of $1.65 per share, reflecting a year-over-year increase of 17% [1] - Anticipated revenues for the quarter are projected to be $1.28 billion, indicating a 5% increase compared to the same quarter last year [1] Earnings Estimates Revisions - Over the past 30 days, the consensus EPS estimate has been adjusted downward by 0.3%, indicating a reassessment by analysts [2] - Revisions to earnings estimates are crucial for predicting investor actions and have shown a strong correlation with short-term stock price performance [3] Revenue Estimates by Segment - The consensus estimate for 'Revenue- Communications Solutions Group' is $884.15 million, reflecting a year-over-year change of +5.3% [5] - 'Revenue- Commercial Communications' is estimated at $588.52 million, suggesting a change of +4.5% year over year [5] - 'Revenue- Aerospace, Defense & Government' is forecasted to reach $295.62 million, indicating a change of +6.7% from the previous year [5] - 'Revenue- Electronic Industrial Solutions Group' is expected to be $395.34 million, with a year-over-year change of +5.1% [6] Income from Operations - 'Income from operations- Electronic Industrial Solutions Group' is projected to be $81.74 million, compared to $71 million from the previous year [6] - 'Income from operations- Communications Solutions Group' is expected to be $238.62 million, up from $223 million in the same quarter last year [7] Stock Performance - Keysight shares have increased by +22% in the past month, outperforming the +9% move of the Zacks S&P 500 composite [7] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [7]