Ingersoll

Ingersoll Rand to Host Investor and Analyst Meeting on November 30, 2023

Retrieved on: 
Thursday, September 21, 2023

Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, invites investors, analysts, and other stakeholders to join its Investor and Analyst meeting on Thursday, November 30, 2023.

Key Points: 
  • Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, invites investors, analysts, and other stakeholders to join its Investor and Analyst meeting on Thursday, November 30, 2023.
  • The event will be held at the New York Stock Exchange (NYSE) in New York, NY and via webcast.
  • The meeting will provide an in-depth review of the company's business and financial strategy and vision, including competitive differentiators such as Ingersoll Rand Execution Excellence (IRX), demand generation, and M&A.
  • A real-time audio and video webcast of the presentation can be accessed via the Events and Presentations section of the Ingersoll Rand Investor Relations website here , where related materials will be posted prior to the conference call.

Ingersoll Rand to Participate at Upcoming Investor Conferences

Retrieved on: 
Friday, September 1, 2023

Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and industrial solutions, announced the following upcoming investor events:

Key Points: 
  • Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and industrial solutions, announced the following upcoming investor events:
    Matthew Fort, vice president, Investor Relations, will participate in a fireside chat at the Jeffries Industrials Conference on Wednesday, September 6, 2023 at 9:30 a.m. Eastern Time.
  • Vicente Reynal, chairman and chief executive officer, Vik Kini, chief financial officer, and Mike Weatherred, senior vice president, Ingersoll Rand Execution Excellence (IRX), will participate in a fireside chat at the 2023 Morgan Stanley 11th Annual Laguna Conference on Thursday, September 14, 2023 at 8:10 a.m. Pacific Time.
  • A real-time audio webcast of both fireside chats can be accessed via the Events and Presentations section of the Ingersoll Rand Investor Relations website here .
  • A replay of the webcast will be available after conclusion of the fireside chats and can be accessed on the Ingersoll Rand Investor Relations website.

Ingersoll Rand Completes Acquisition of Roots from Chart Industries

Retrieved on: 
Friday, August 18, 2023

Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has completed the acquisition of Howden Roots LLC (“Roots”) from Chart Industries, Inc. (NYSE: GTLS) in an all-cash transaction of approximately $300 million.

Key Points: 
  • Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has completed the acquisition of Howden Roots LLC (“Roots”) from Chart Industries, Inc. (NYSE: GTLS) in an all-cash transaction of approximately $300 million.
  • Through the strong strategic fit and the deployment of Ingersoll Rand Execution Excellence (IRX), Ingersoll Rand expects the acquisition to yield Adjusted EBITDA margins greater than 30% by year three.
  • “This acquisition demonstrates our commitment to inorganic growth through value-enhancing acquisitions,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand.
  • “We are excited to welcome the Roots team to the Ingersoll Rand family.

Ingersoll Rand Reports Record Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023

“These results have led us to raise our full year guidance on total revenue growth, organic revenue growth, Adjusted EBITDA, and Adjusted EPS.

Key Points: 
  • “These results have led us to raise our full year guidance on total revenue growth, organic revenue growth, Adjusted EBITDA, and Adjusted EPS.
  • In addition, Ingersoll Rand was assigned an investment grade first-time Issuer Default Rating of ‘BBB-’ by Fitch.
  • Consistent with our comprehensive capital allocation strategy led by M&A, in the second quarter of 2023, Ingersoll Rand deployed $49 million to M&A.
  • Ingersoll Rand also announced the acquisition of Howden Roots LLC (“Roots”), a leading provider of low-pressure compression and vacuum technologies.

Chart Industries Reports Record 2023 Second Quarter Financial Metrics

Retrieved on: 
Friday, July 28, 2023

ATLANTA, July 28, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the second quarter ended June 30, 2023.

Key Points: 
  • ATLANTA, July 28, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the second quarter ended June 30, 2023.
  • Record second quarter 2023 financial metrics (backlog, orders, sales, gross profit, gross profit margin, operating income, and EBITDA).
  • Also in the second quarter 2023, Howden (on a standalone basis) had record reported backlog, orders, gross profit and EBITDA.
  • Second quarter 2023 backlog increased 24.1% compared to the second quarter 2022 (proforma to include Howden), and both Chart and Howden backlogs on a standalone basis were records as of the end of the second quarter 2023.

Unifor welcomes new battery module facility at GM CAMI Assembly Plant

Retrieved on: 
Tuesday, July 25, 2023

INGERSOLL, ON, July 25, 2023 /CNW/ - Unifor welcomed news today that construction of a new EV battery module facility will bring 300 new jobs to the Ingersoll, Ontario General Motors (GM) CAMI Assembly Plant, with production scheduled to begin next year.

Key Points: 
  • INGERSOLL, ON, July 25, 2023 /CNW/ - Unifor welcomed news today that construction of a new EV battery module facility will bring 300 new jobs to the Ingersoll, Ontario General Motors (GM) CAMI Assembly Plant, with production scheduled to begin next year.
  • GM announced the new facility will assemble modules for both the BrightDrop Zevo built at CAMI and for EVs built at other GM facilities.
  • "CAMI members have a proud history as industry leaders and this move into EV battery module assembly provides another opportunity for these workers to be on the forefront of the EV transition," said Mike Van Boekel, Unifor Local 88 Plant Chairperson at GM CAMI.
  • This new work will not only help expand employment opportunities at the CAMI facility but localize and stabilize battery supplies into the plant," said Payne.

Ingersoll Rand Publishes 2022 Sustainability Report

Retrieved on: 
Monday, July 17, 2023

Ingersoll Rand Inc. (NYSE:IR) published its 2022 Sustainability Report, “Progress Powered by Sustainable Performance” on July 14, 2023, detailing how the company’s sustainability strategy drives two clear and compelling growth paths: advancing customers’ sustainability goals with innovative products and services, as well as supporting customers in high-growth, sustainable end markets through existing products and new product innovation.

Key Points: 
  • Ingersoll Rand Inc. (NYSE:IR) published its 2022 Sustainability Report, “Progress Powered by Sustainable Performance” on July 14, 2023, detailing how the company’s sustainability strategy drives two clear and compelling growth paths: advancing customers’ sustainability goals with innovative products and services, as well as supporting customers in high-growth, sustainable end markets through existing products and new product innovation.
  • The report also focuses on the significant sustainability improvements within its own operations.
  • In addition, this report highlights the seamless integration of Ingersoll Rand’s Lead Sustainably strategic imperative, one of its five core imperatives alongside Deploy Talent, Accelerate Growth, Expand Margins, and Allocate Capital Effectively, into all its other strategies.
  • “Lead Sustainably is a key strategic imperative integrated throughout the company to help make life better for our employees, customers, shareholders, and our planet,” said Vicente Reynal, chairman, president and chief executive officer of Ingersoll Rand.

Ingersoll Rand Names Matt Emmerich as CIO

Retrieved on: 
Monday, July 10, 2023

Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has appointed Matt Emmerich as senior vice president and chief information officer (CIO), effective July 17, reporting to Vicente Reynal, chairman, president and chief executive officer.

Key Points: 
  • Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has appointed Matt Emmerich as senior vice president and chief information officer (CIO), effective July 17, reporting to Vicente Reynal, chairman, president and chief executive officer.
  • View the full release here: https://www.businesswire.com/news/home/20230710408862/en/
    As CIO, Matt will lead the overall strategy and execution of the company’s global information technology (IT) organization across technology operations, infrastructure, applications and information security.
  • “Matt has a unique background at the convergence of business and technology,” said Reynal.
  • Prior to Ingersoll Rand, Matt served in various leadership positions at Polaris, including CIO and vice president, global digital & information services, and vice president of service, during his more than a decade tenure.

Northern Tool + Equipment Announces First-Of-Its-Kind Rat Rod Kart Build-off with Release of New Engine

Retrieved on: 
Thursday, June 15, 2023

BURNSVILLE, Minn., June 15, 2023 /PRNewswire/ -- Northern Tool + Equipment will celebrate the upcoming release of its all new NorthStar line of engines by announcing an exciting build-off in front of thousands of people at the Minnesota Street Rod Association Back to the 50's event on June 23rd. Two Minnesota high schools will spend the next year constructing rat rod go-karts using 740cc NorthStar EFI engines under the watchful eye of mentors Richard Petty, a NASCAR legend, and celebrity motorcycle builder Billy Lane. The build-off is part of Northern Tool + Equipment's Tools for the Trades™ program.

Key Points: 
  • The build-off is part of Northern Tool + Equipment's Tools for the Trades™ program.
  • "Tools for the Trades™ is a great program, and it's important for kids to know they have career options.
  • "We're passionate about supporting and fueling the curiosity of the next generation of tradespeople," said Northern Tool + Equipment Co-owner Wade Kotula.
  • "There are a lot of good ways to make a living, and this effort by Northern Tool + Equipment to expose students to the trades at a young age is critical."

Ingersoll Rand Receives Upgrade from Morningstar Sustainalytics

Retrieved on: 
Wednesday, May 31, 2023

Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, had its risk rating upgraded from Medium to Low by Morningstar Sustainalytics.

Key Points: 
  • Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, had its risk rating upgraded from Medium to Low by Morningstar Sustainalytics.
  • In April 2023, Ingersoll Rand received an ESG Risk Rating of 12.8 from Morningstar Sustainalytics, ranking it second in the Machinery industry group, which places it in the 1st percentile for its industry.
  • This risk rating also places Ingersoll Rand in the 6th percentile of all companies rated by Morningstar Sustainalytics.
  • This recognition from Morningstar Sustainalytics validates our commitment to Making Life Better for our customers, employees, shareholders and planet.