Ingersoll Rand Reports Second-Quarter 2021 Results
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Ingersoll-Rand (IR) Said They 'Pivoted' Following 2nd SPX Flow (FLOW) Rejection, Will Remain Disciplined if They Participate in Sale Process
July 29, 2021 10:39 AM EDTOn its call, Ingersoll-Rand (NYSE: IR) CEO commented on its recent takeover offer for SPX Flow (NYSE: FLOW) and SPX's decision to pursue strategic alternatives:
From the CEO:
"Regarding SPX FLOW, we saw that they issued a press release this Monday stating that they will pursue strategic alternatives.... More
Ingersoll-Rand (IR) Tops Q2 EPS by 4c
July 28, 2021 4:55 PM EDTIngersoll-Rand (NYSE: IR) reported Q2 EPS of $0.46, $0.04 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.21 billion.
2021 Revised Guidance:
Raising full-year 2021 revenue growth expectation (excluding the HPS and SVT... More