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Ingersoll-Rand PLC (IR.N)

IR.N on New York Stock Exchange

124.70USD
19 Jul 2019
Change (% chg)

$-0.55 (-0.44%)
Prev Close
$125.25
Open
$125.72
Day's High
$126.11
Day's Low
$124.44
Volume
650,182
Avg. Vol
372,547
52-wk High
$128.31
52-wk Low
$85.15

Latest Key Developments (Source: Significant Developments)

Ingersoll-Rand Says Co To Increase Interest Expense On Annualized Basis By About $60 Mln/Year
Wednesday, 15 May 2019 07:37am EDT 

May 15 (Reuters) - Ingersoll-Rand PLC ::INGERSOLL-RAND - IN CONNECTION WITH DEBT ISSUANCE FOR PFS DEAL, CO TO INCREASE INTEREST EXPENSE ON ANNUALIZED BASIS BY ABOUT $60 MILLION/YEAR (BEFORE TAX).INGERSOLL-RAND PLC - INTENDS TO UPDATE 2019 GUIDANCE IN RELATION TO PFS ACQUISITION IN CONNECTION WITH ITS Q2 EARNINGS CALL..INGERSOLL-RAND - INTEREST EXPENSE FOR 2019 IS EXPECTED TO INCREASE BY ABOUT $47 MILLION - SEC FILING.  Full Article

Ingersoll-Rand PLC Posts Qtrly Adjusted Continuing EPS Of $0.89
Tuesday, 30 Apr 2019 06:15am EDT 

April 30 (Reuters) - Ingersoll-Rand PLC ::INGERSOLL RAND REPORTS STRONG FIRST-QUARTER 2019 RESULTS.COMPANY RAISES FULL-YEAR 2019 EPS GUIDANCE TO TOP END OF PRIOR RANGE.QTRLY REPORTED REVENUES UP 6 PERCENT; ORGANIC REVENUES UP 8 PERCENT LED BY CLIMATE SEGMENT.QTRLY CONTINUING EPS OF $0.82.RAISES FULL-YEAR 2019 EPS GUIDANCE TO TOP END OF PRIOR RANGE.QTRLY ADJUSTED CONTINUING EPS OF $0.89.RAISED ITS FULL-YEAR 2019 CONTINUING EPS GUIDANCE FROM $5.90 TO $6.10 TO APPROXIMATELY $6.10.EXITED Q1 WITH INCREASED CONFIDENCE IN ITS ABILITY TO EXECUTE AGAINST ITS GROWTH AND MARGIN TARGETS.FULL YEAR 2019 FREE CASH FLOW TARGET REMAINS UNCHANGED..2019 ADJUSTED CONTINUING EPS GUIDANCE IS RAISED FROM $6.15 TO $6.35.QTRLY NET REVENUE $3,576 MILLION.Q1 EARNINGS PER SHARE VIEW $0.80, REVENUE VIEW $3.50 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $6.31 -- REFINITIV IBES DATA.QTRLY BOOKINGS $3,744 MILLION VERSUS $3,909 MILLION.  Full Article

Gardner Denver To Combine With Ingersoll Rand’s Industrial Segment
Tuesday, 30 Apr 2019 06:00am EDT 

April 30 (Reuters) - Ingersoll-Rand PLC ::GARDNER DENVER TO COMBINE WITH INGERSOLL RAND’S INDUSTRIAL SEGMENT, CREATING A GLOBAL LEADER IN MISSION-CRITICAL FLOW CREATION & INDUSTRIAL TECHNOLOGIES.INGERSOLL-RAND PLC - CREATES A LEADING INDUSTRIAL COMPANY WITH 2019E PRO FORMA REVENUE OF APPROXIMATELY $6.6 BILLION,.INGERSOLL-RAND PLC - FINANCIALLY COMPELLING COMBINATION EXPECTED TO BE TAX-FREE VALUED AT APPROXIMATELY $15 BILLION.INGERSOLL-RAND PLC - ANNUALIZED COST SYNERGIES OF APPROXIMATELY $250 MILLION EXPECTED TO BE ACHIEVED BY END OF YEAR THREE FOLLOWING CLOSE OF TRANSACTION.INGERSOLL-RAND PLC - INDUSTRIAL COMPANY EXPECTED TO BE CALLED INGERSOLL RAND.INGERSOLL-RAND PLC - CLIMATECO WILL RECEIVE $1.9 BILLION IN CASH FROM INGERSOLL RAND INDUSTRIAL.INGERSOLL-RAND PLC - INGERSOLL RAND WILL SEPARATE ITS INDUSTRIAL SEGMENT.INGERSOLL-RAND PLC - INDUSTRIAL COMPANY EXPECTED TO TRADE UNDER INGERSOLL RAND'S EXISTING TICKER.INGERSOLL-RAND PLC - INDUSTRIAL COMPANY EXPECTED TO BE CALLED INGERSOLL RAND AND TRADE UNDER INGERSOLL RAND'S EXISTING TICKER.INGERSOLL-RAND - EXISTING INGERSOLL RAND SHAREHOLDERS TO RECEIVE 50.1% OF SHARES OF INDUSTRIALCO ON FULLY DILUTED BASIS, VALUED AT ABOUT $5.8 BILLION.INGERSOLL-RAND PLC - BOARD WILL BE LED BY GARDNER DENVER CHAIRMAN PETER STAVROS AND INCLUDE SEVEN GARDNER DENVER AND THREE INGERSOLL RAND DESIGNATED DIRECTORS.INGERSOLL-RAND PLC - INDUSTRIAL COMPANY WILL BE LED BY GARDNER DENVER'S CEO VICENTE REYNAL AND A MANAGEMENT TEAM FROM BOTH COMPANIES.  Full Article

Gardner Denver Nears Deal To Merge With Ingersoll-Rand Division - WSJ
Sunday, 28 Apr 2019 07:32pm EDT 

April 28 (Reuters) - :GARDNER DENVER NEARS DEAL TO MERGE WITH INGERSOLL-RAND DIVISION - WSJ.GARDNER DENVER AND INGERSOLL-RAND DEAL WHICH COULD BE ANNOUNCED AS SOON AS THIS WEEK, WOULD INVOLVE A MIXTURE OF CASH AND STOCK FOR INGERSOLL SHAREHOLDERS- WSJ.  Full Article

Ingersoll Rand Prices $1.5 Bln Senior Notes Offering
Wednesday, 20 Mar 2019 06:30am EDT 

March 20 (Reuters) - Ingersoll-Rand PLC ::INGERSOLL RAND PRICES $1.5 BILLION SENIOR NOTES OFFERING.INGERSOLL-RAND PLC - PRICED PREVIOUSLY ANNOUNCED OFFERING BY UNIT OF $400 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3.50% SENIOR NOTES DUE 2026.INGERSOLL-RAND PLC - PRICED PREVIOUSLY ANNOUNCED OFFERING BY UNIT OF $750 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3.80% SENIOR NOTES DUE 2029.INGERSOLL-RAND PLC - PRICED PREVIOUSLY ANNOUNCED OFFERING BY UNIT OF $350 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.50% SENIOR NOTES DUE 2049.  Full Article

Ingersoll Rand Announces Plans To Acquire Precision Flow Systems
Monday, 11 Feb 2019 06:30am EST 

Feb 11 (Reuters) - Ingersoll-Rand PLC ::INGERSOLL RAND ANNOUNCES PLANS TO ACQUIRE PRECISION FLOW SYSTEMS.INGERSOLL-RAND PLC - DEAL EXPECTED TO BE EPS ACCRETIVE IN YEAR ONE WITH ADJUSTED EBITDA MARGINS* IN HIGH TWENTIES PERCENT RANGE.INGERSOLL-RAND PLC - PLANS TO FUND PROPOSED ACQUISITION THROUGH A COMBINATION OF CASH ON HAND AND DEBT..INGERSOLL-RAND PLC - DEAL FOR $1.45 BILLION..INGERSOLL-RAND PLC - HAS MADE A BINDING OFFER TO ACQUIRE PRECISION FLOW SYSTEMS FROM FUNDS ADVISED BY BC PARTNERS ADVISORS L.P. AND CARLYLE GROUP.INGERSOLL-RAND - AT TIME OF DEAL CLOSE, PFS WOULD COMBINE WITH CO'S FLUID MANAGEMENT BUSINESS.INGERSOLL-RAND - EXPECTS TO ENTER SECURITIES PURCHASE AGREEMENT FOR DEAL UPON COMPLETION OF CERTAIN PROCESSES WITH PFS EMPLOYEE REPRESENTATIVE BODIES.  Full Article

Ingersoll Rand Proposes Public Offering Of Senior Notes
Tuesday, 13 Feb 2018 09:29am EST 

Feb 13 (Reuters) - Ingersoll-Rand Plc ::INGERSOLL RAND ANNOUNCES PROPOSED PUBLIC OFFERING OF SENIOR NOTES.INGERSOLL-RAND PLC - TO USE NET PROCEEDS TO FUND REDEMPTION OF OUR 6.875% SENIOR NOTES DUE 2018 AND 2.875% SENIOR NOTES DUE 2019.  Full Article

Ingersoll-Rand PLC Says ‍Declared A Quarterly Dividend Of $0.45 Cents Per Ordinary Share​
Wednesday, 7 Feb 2018 06:30am EST 

Feb 7 (Reuters) - Ingersoll-Rand Plc ::INGERSOLL-RAND PLC - ‍DECLARED A QUARTERLY DIVIDEND OF $0.45 CENTS PER ORDINARY SHARE​.  Full Article

Ingersoll-Rand Plc reports qtrly ‍adjusted continuing EPS $1.44​
Wednesday, 25 Oct 2017 06:30am EDT 

Oct 25 (Reuters) - Ingersoll-Rand Plc :Ingersoll-Rand Plc - Qtrly ‍adjusted continuing EPS $1.44​.Ingersoll-Rand Plc qtrly ‍net revenues $3,671 million versus $3,568​ million.Ingersoll-Rand Plc - Qtrly ‍continuing EPS $1.41​.Q3 earnings per share view $1.43, revenue view $3.71 billion -- Thomson Reuters I/B/E/S.Ingersoll-Rand Plc - ‍Full-year 2017 continuing EPS guidance unchanged​.Ingersoll-Rand Plc - ‍Estimate negative financial impact from natural disasters was approximately $0.04 to $0.05 in Q3​.Ingersoll-Rand Plc - ‍"Leverage for 2017 is below our expectations and we expect to drive improvement in 2018 and beyond"​.  Full Article

Ingersoll Rand increases dividend by 12.5 pct to $0.45 per ordinary share​
Friday, 4 Aug 2017 06:30am EDT 

Aug 4 (Reuters) - Ingersoll-rand Plc :Ingersoll Rand increases dividend by 12.5 percent.Ingersoll-Rand plc - ‍board of directors declared a quarterly dividend of $0.45 per ordinary share​.  Full Article

Ingersoll-Rand to spin off industrial unit and merge it with Gardner Denver

Ingersoll-Rand Plc said on Tuesday it would spin off its industrial business and merge it with industrial pumps and compressors producer Gardner Denver Holdings Inc, creating a company valued at about $15 billion.