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Here is how Ingersoll Rand (IR) and Xerox Holdings Corporation (XRX) have performed compared to their sector so far this year.
Strength in the Industrial Technologies & Services segment, driven by solid demand and higher orders, augurs well for Ingersoll Rand (IR). The company's shareholder-friendly policies are promising.
DAVIDSON, N.C.--(BUSINESS WIRE)--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.
Ingersoll (IR) reported earnings 30 days ago. What's next for the stock?
Ingersoll (IR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Ingersoll Rand Inc. (IR) reported a robust top-line growth of 9% and 5% organically in its latest quarterly report. IR offers a diversified industrial play with strong international presence and a commitment to delivering essential solutions across multiple sectors. The company's organic growth and strategic acquisitions, fueled by a solid balance sheet, contribute to its stability and potential for earnings growth.
Ingersoll Rand (IR) completes acquisition of Roots, expanding its IT&S segment portfolio with incremental low-pressure compression and vacuum technologies.
Ingersoll Rand achieved Q2 revenue of $1.69bn, a 17.13% increase, and a net income of $179.50mn, a 29.60% increase. IR aims to expand its double-digit growth, enhance its work environment and sustainability position, and raise FY23 guidance. The Company is undervalued by 15% according to discounted cash flow analysis and has positive analyst sentiment with an average 1Y price target of $74.86.
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Ingersoll Rand's (IR) Q2 results benefit from higher segmental revenues. The company increased its adjusted earnings guidance for 2023.