Ingersoll Rand Inc (NYSE:IR)
$ 102.98 5.28 (5.4%) Market Cap: 41.50 Bil Enterprise Value: 42.84 Bil PE Ratio: 50.23 PB Ratio: 4.04 GF Score: 83/100

Ingersoll Rand Inc at Citi Global Industrial Tech and Mobility Conference Transcript

Feb 22, 2023 / 07:40PM GMT
Release Date Price: $57.46 (+1.92%)
Andrew Alec Kaplowitz
Citigroup Inc., Research Division - MD and U.S. Industrial Sector Head

All right. Good afternoon again. We're excited to have Ingersoll Rand with us. We've got really all the senior managers here we're very excited. We've got Vicente Reynal, who is the Chairman, President and CEO. We've got Vik Kini, who is the SVP and CFO. We've got Mike Weatherred, who is the SVP of IRX.

So as I'm walking over here, the synthase we're essentially 3 years post RMT. I remember you think close your RMT right before the pandemic, we were still at our conference here in February 2020. But maybe you can talk about sort of the progress over the last 3 years. You had initially came out with $250 million of synergies. Now you're at $300 million, but can you give us more color on sort of what's gone right and if anything has gone wrong? And then there are clear reasons for the RMT revenue synergies, main GDI innovation with higher distribution. Maybe talk about what actually has happened about a 6-part question to start, sorry.

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