Being adaptable in investment strategies is important; recently, a more careful approach to growth stocks resulted in Ingersoll Rand being changed from a 'buy' to a 'hold' rating. The company's financial results for the fourth quarter of 2024 did not meet expectations, with both revenue and earnings per share lower than anticipated, and a slower growth outlook for 2025. While the Industrial Technologies and Services division had little growth, the Precision and Science Technologies segment expanded mainly due to acquisitions rather than natural growth.
Ingersoll Rand Inc. (NYSE:IR) will hold its Q4 2024 Earnings Conference Call on February 14, 2025, at 8:00 AM ET. The call will feature company representatives including Matthew Fort, Vicente Reynal, and Vik Kini, along with various analysts from different firms. The operator has muted all lines to minimize background noise during the call.
In the fourth quarter of 2024, IR's adjusted earnings were 84 cents per share, which is a 2.3% decline compared to the same period last year.
While the revenue and earnings per share (EPS) for Ingersoll (IR) provide insight into its performance for the quarter ending December 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Ingersoll Rand (IR) reported quarterly earnings of $0.84 per share, matching the Zacks Consensus Estimate. This is a decrease from earnings of $0.86 per share from the same period last year.
On February 12, 2025, Ingersoll Rand Inc. announced that its Board of Directors has approved a regular quarterly cash dividend of $0.02 per share of common stock. This dividend will be paid on March 27, 2025, to shareholders who are on record as of March 5, 2025. Ingersoll Rand is known for providing essential flow creation and solutions for life sciences and industry.
Ingersoll Rand has received an "A List" rating from CDP for environmental stewardship for the second consecutive year. The company is ranked first worldwide in the Machinery and Electrical Equipment sector and has achieved a top 1% score in the 2024 S&P Global Corporate Sustainability Assessment. Additionally, Ingersoll Rand's emission reduction targets have been approved by the Science Based Targets initiative, and it has been included in TIME's first list of the World's Best Companies in Sustainable Growth.
On February 10, 2025, Ingersoll Rand Inc. (NYSE: IR), a worldwide supplier of essential flow and life science solutions, announced that its chief financial officer, Vik Kini, will take part in discussions at upcoming investor conferences. He will be speaking at the Citi Global Industrial Tech and Mobility Conference on Wednesday, February 19, 2025, at 11:20 a.m.
Ingersoll Rand's results for the fourth quarter are expected to improve due to strong performance in the Industrial Technologies & Services and Precision and Science Technologies areas.
Ingersoll (IR) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.