IR - Ingersoll Rand: Company Is Planning Critical Mission Recovery
Ingersoll Rand, Inc. (IR) increased its revenue by $800 million (about 29%) after its acquisition by Gardner Denver Holdings, Inc., a transaction that took place on February 29, 2020. Announcement of this acquisition raised the stock price to a record high at $38.65 before it hit an all-time low at $19.22 in March 2020. Although the company's Q1 2020 results indicate a stable liquidity at $1.6 billion, the industrial-energy solutions provider will not be releasing guidance anytime soon.
Economic shocks caused by Covid-19 has had an adverse impact on Ingersoll Rand especially since the company