NYSE:IRMachinery
Ingersoll Rand (IR) Eyes M&A With Strong Balance Sheet Despite US$115 Million Q2 Loss
Ingersoll Rand (IR) announced a second-quarter sales increase to $1,888 million, but reported a net loss of $115 million, which influenced its stock price movement. Despite the company's revised revenue guidance indicating modest growth, its focus on mergers and acquisitions, highlighted by an accelerated $500 million share repurchase, could have added weight to the stock's 10% rise over the last quarter. Meanwhile, broader market trends, including declines due to new tariff concerns and weak...