UPDATE: Deutsche Bank Downgrades Ingersoll-Rand (IR) to Hold

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Go back to UPDATE: Deutsche Bank Downgrades Ingersoll-Rand (IR) to Hold

Ingersoll Rand Reports Record Second-Quarter 2022 Results

August 3, 2022 4:30 PM EDT

Strong Double-Digit Orders and Revenue Growth; Raising 2022 Guidance

Second-Quarter 2022 Highlights

(All comparisons against the second-quarter of 2021 unless otherwise noted.)

Strong performance driven by its competitive differentiator - Ingersoll Rand Execution Excellence (IRX):

Record second-quarter orders of $1,599 million, up 10%, or 9% organic Record second-quarter revenues of $1,440 million, up 13% both as reported and organic Reported net income attributable to Ingersoll Rand of $139 million, or earnings of $0.34 per share Adjusted net income from continuing operations, net of tax1 of... More