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    Ingersoll Rand (IR)

    Q2 2024 Earnings Summary

    Reported on Jan 4, 2025 (After Market Close)
    Pre-Earnings Price$91.23Last close (Aug 1, 2024)
    Post-Earnings Price$89.50Open (Aug 2, 2024)
    Price Change
    $-1.73(-1.90%)
    • Disciplined M&A strategy enhances shareholder value, as Ingersoll Rand walked away from a large acquisition due to valuation concerns, demonstrating effective capital allocation.
    • Acquisition of CAPS expands footprint in Australia, providing access to a large install base and strong customer relationships, and opening new market opportunities.
    • Life Sciences business shows strong growth and profitability, with margins comparable to the Precision Tech segment, enhanced by the ILC Dover acquisition, boosting overall profitability.

    Research analysts covering Ingersoll Rand.