Core Insights - Analysts expect Ingersoll Rand (IR) to report quarterly earnings of $0.74 per share, reflecting a year-over-year decline of 5.1% [1] - Revenue is projected to be $1.74 billion, which indicates a 4.1% increase from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [1] Revenue and EBITDA Projections - Revenue from Precision and Science Technologies is expected to be $364.25 million, representing a 22.8% increase year-over-year [4] - Revenue from Industrial Technologies and Services is anticipated to reach $1.37 billion [4] - Adjusted EBITDA for Precision & Science Technologies is projected at $103.89 million, up from $91.40 million in the previous year [4] - Adjusted EBITDA for Industrial Technologies & Services is estimated at $406.83 million, slightly down from $411.10 million reported in the same quarter last year [5] Stock Performance and Market Outlook - Ingersoll Rand shares have decreased by 6.5% over the past month, contrasting with a 0.8% decline in the Zacks S&P 500 composite [5] - The company holds a Zacks Rank of 4 (Sell), suggesting it is expected to underperform the overall market in the near future [5]

Core Viewpoint - Ingersoll Rand Inc. has acquired G & D Chillers, Inc. and Advanced Gas Technologies Inc. for a total of approximately $27 million to enhance its air treatment portfolio [1]. Group 1: Acquisition Details - G & D specializes in premium glycol chillers for applications requiring sub-freezing temperatures, expanding Ingersoll Rand's manufacturing and engineering capabilities in North America [2]. - AGT is a custom designer of onsite gas generation systems, primarily serving industrial customers in Canada, adding new packaging capabilities and an established channel presence [3]. - Both companies will be integrated into Ingersoll Rand's Industrial Technologies and Services segment [3]. Group 2: Strategic Implications - The acquisitions are expected to enhance Ingersoll Rand's durable financial profile by adding complementary products and capabilities focused on high-growth, sustainable markets [7]. - The combined pre-synergy Adjusted EBITDA purchase multiple for the acquisitions is in the high-single digits, indicating a potentially favorable financial impact [7].

Company Overview - Ingersoll Rand Inc. (IR) shares increased by 9.8% to $73.32 in the last trading session, following a significant volume of shares traded, contrasting with a 19.5% loss over the past four weeks [1] - The stock's rally is attributed to President Trump's announcement of a 90-day pause on tariffs for most countries, aimed at stabilizing markets and addressing global trade concerns [1] Earnings Expectations - Ingersoll Rand is expected to report quarterly earnings of $0.74 per share, reflecting a year-over-year decline of 5.1%, while revenues are anticipated to reach $1.74 billion, marking a 4% increase from the previous year [2] - The consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [3] Industry Context - Ingersoll Rand belongs to the Zacks Manufacturing - General Industrial industry, where another company, Generac Holdings (GNRC), saw a 12.5% increase in its stock price, closing at $114.65, despite a 22.4% decline over the past month [3] - Generac Holdings has a consensus EPS estimate of $0.97 for its upcoming report, which is a 10.2% increase from the previous year, but has also experienced a -3.2% change in estimates over the past month [4]

Core Viewpoint - Ingersoll Rand Inc. is set to release its first quarter 2025 earnings on May 1, 2025, and will host a conference call to discuss the results on May 2, 2025 [1][2]. Company Information - Ingersoll Rand Inc. is a global provider of mission-critical flow creation and life science and industrial solutions, emphasizing exceptional performance and durability [4]. - The company operates with an entrepreneurial spirit and ownership mindset, aiming to improve 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].

Core Viewpoint - Ingersoll Rand Inc. has appointed Michelle Swanenburg to its Board of Directors, effective immediately, enhancing its leadership in human capital management and corporate governance [1][5]. Group 1: Appointment Details - Michelle Swanenburg is currently the head of Human Resources at T. Rowe Price, which manages $1.63 trillion in assets as of February 28, 2025 [3]. - Swanenburg has over twenty years of experience in HR leadership, focusing on growth and innovation through people and culture strategies [3][4]. - Her previous role was as head of HR at Oaktree Capital Management, and she is involved in various committees at T. Rowe Price [4]. Group 2: Company Insights - Ingersoll Rand emphasizes the importance of its workforce, stating that "our people are our number one asset," and anticipates that Swanenburg's insights will be crucial for enhancing global workforce experiences [5]. - The company is dedicated to providing mission-critical flow creation and life sciences and industrial solutions, supported by over 80 respected brands [5].

Core Insights - Ingersoll Rand Inc. is positioned to benefit from diverse end markets, with a notable increase in orders across its product portfolio, particularly in the Industrial Technologies & Services segment, which reported orders of $1.4 billion, up 3.3% year over year in Q4 2024 [1] - The Precision and Science Technologies segment experienced strong momentum, with orders reaching $378 million, reflecting a 29% year-over-year increase, driven by growth in short-cycle orders and multi-year contracts [2] - The company has expanded its market share and product offerings through acquisitions, contributing 7.8% to total revenues in Q4 2024, with recent acquisitions including APSCO, Blutek, and UT Pumps [3][4] Financial Performance - Ingersoll Rand's shareholder-friendly activities include $32.3 million in dividends and $260.7 million in share repurchases in 2024, with an additional $1 billion increase in share repurchase authorization approved in April 2024 [5] - The company reported a free cash flow of $1.25 billion in 2024, supporting its commitment to rewarding shareholders [5] Cost and Expense Challenges - The company faced challenges from rising costs, with the cost of sales increasing by 1.8% year over year in 2024, and selling and administrative expenses rising by 5.6% [6] - Selling and administrative expenses as a percentage of revenues increased by 10 basis points to 18.6% in the same period, indicating pressure on profitability [6] International Exposure and Risks - Ingersoll Rand has significant international exposure, which subjects it to political and economic disruptions that can impact profits, along with headwinds from unfavorable foreign currency movements that negatively affected sales by 0.8% in Q4 2024 [7] Competitive Landscape - The company operates in the Manufacturing - General Industrial industry and faces competition from peers such as Graham Corporation, Crane Company, and Parker-Hannifin Corporation [8]

DAVIDSON, N.C., March 31, 2025 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life sciences and industrial solutions, today announced that it received notice of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,500,00 shares of Ingersoll Rand's common stock at $77.50 per share. The offer price is approximately 4.27% below the closing price of the company's common stock on The New York Stock ...

Financial Performance - Revenues for the year ended December 31, 2024, were $7,235.0 million, an increase of 5.2% from $6,876.1 million in 2023[252] - Gross profit for 2024 was $3,170.0 million, up from $2,882.2 million in 2023, reflecting a gross margin improvement[252] - Operating income increased to $1,300.1 million in 2024, compared to $1,164.3 million in 2023, representing a growth of 11.7%[252] - Net income attributable to Ingersoll Rand Inc. for 2024 was $838.6 million, a rise of 7.7% from $778.7 million in 2023[252] - Basic earnings per share for 2024 were $2.08, compared to $1.92 in 2023, indicating a 8.3% increase[252] - Comprehensive income attributable to Ingersoll Rand Inc. for 2024 was $597.7 million, down from $802.8 million in 2023, primarily due to foreign currency translation adjustments[254] Debt and Interest Management - The company had no variable rate debt outstanding as of December 31, 2024, managing interest rate risk through fixed rate to floating rate swap contracts[238][239] - A hypothetical increase of 100 basis points in market interest rates would increase interest expense by $7.5 million in 2024[241] - Long-term debt increased to $4,754.4 million in 2024, compared to $2,693.0 million in 2023, indicating a rise of 76.3%[257] - The company issued $3,300.0 million in senior unsecured notes on May 10, 2024, to fund acquisitions and repay existing debt[388] - The weighted-average interest rate for the debt was 7.18% prior to repayment in May 2024[386] Assets and Liabilities - Total assets increased to $18,009.8 million as of December 31, 2024, up from $15,563.5 million in 2023, representing a growth of 15.7%[257] - Total liabilities reached $7,764.5 million in 2024, up from $5,716.8 million in 2023, which is an increase of 36.0%[257] - Total stockholders' equity increased to $10,179.0 million in 2024, up from $9,783.8 million in 2023, representing a growth of 4.0%[259] - Cash and cash equivalents decreased to $1,541.2 million in 2024 from $1,595.5 million in 2023, a decline of 3.4%[257] Acquisitions and Investments - The Company completed the acquisition of ILC Dover for an initial cash consideration of $2,349.7 million, with goodwill of $1,309.8 million primarily due to anticipated revenue and cost synergies[327] - The total consideration for all businesses acquired in 2024 amounted to $2,975.9 million, with revenues from these acquisitions contributing $349.6 million for the year ended December 31, 2024[336] - The Company completed the acquisition of SPX FLOW's Air Treatment business for $519.0 million, enhancing its offerings in compressor system components[337] - The Company acquired Friulair for $143.3 million, aimed at increasing the scale of its air dryer business and adding new chiller production capabilities[318] - The Company recognized $159.9 million of goodwill from its 2023 acquisitions that is expected to be deductible for tax purposes[341] Cash Flow and Expenditures - Cash flows from operating activities from continuing operations reached $1,396.7 million, compared to $1,377.4 million in 2023, reflecting a solid operational performance[262] - Capital expenditures for 2024 were $149.1 million, an increase from $105.4 million in 2023, indicating ongoing investment in growth[262] - Net cash used in investing activities from continuing operations was $3,107.7 million, significantly higher than $1,060.5 million in 2023, primarily due to acquisitions[262] Restructuring and Operational Efficiency - The company reported restructuring charges of $31.2 million in 2024, compared to $19.9 million in 2023, indicating ongoing efforts to optimize cost structure[359] - The company’s restructuring program initiated in 2020 continues to yield efficiencies, with charges related to workforce restructuring and facility consolidation[356] Pension and Benefits - The Company’s pension benefits obligations decreased from $294.0 million in 2023 to $264.7 million in 2024[409] - The fair value of plan assets for pension benefits was $206.9 million as of December 31, 2024, down from $237.5 million in 2023[411] - The total net periodic benefit cost recognized for U.S. pension plans was $1.2 million in 2024, compared to $2.3 million in 2023, indicating a reduction of approximately 47.8%[417] Research and Development - The Company spent $116.6 million on research activities in 2024, up from $108.2 million in 2023 and $91.3 million in 2022, indicating a 7.9% increase year-over-year[295] Currency and Foreign Exchange - The company experienced unfavorable impacts on revenues due to the strengthening of the U.S. dollar against foreign currencies in 2024[242] - The company experienced a foreign currency transaction loss of $3.2 million in 2024, compared to a gain of $5.1 million in 2023, indicating currency volatility impacts[262]

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Q4 and full- year 2024 earnings presentation Making Life Better Forward-looking statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to expectations of Ingersoll Rand Inc. (the "Company" or "Ingersoll Rand") regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are ...