2017 – 2020 Financial Targets:
-
Revenue CAGR: approximately 4 to 4.5 percent
-
Operating Margin: approximately 14.5 to 15 percent in 2020
-
Earnings Per Share CAGR: approximately 11 to 13 percent
SWORDS, Ireland--(BUSINESS WIRE)--
Michael W. Lamach, chairman and chief executive officer of Ingersoll
Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable
and efficient environments, and the company’s leadership team will
discuss the company’s long-term strategy starting at 8:00 a.m. ET,
Wednesday, May 10, 2017. The conference will take place at Ingersoll
Rand’s corporate center in Davidson, North Carolina.
“I am confident we are well positioned to grow revenues, earnings,
margins and cash flow in 2017 and beyond,” Lamach said. “We believe our
portfolio of market-leading brands, competitive positioning and ability
to be smart allocators of cash will enable us to meet the commitments we
have for the company.”
The live webcast and presentation will be accessible on the Ingersoll
Rand website at https://www.ingersollrand.com.
An archive of the webcast will be available for 30 days following the
event on the Ingersoll Rand website.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating
comfortable, sustainable and efficient environments. Our people and our
family of brands — including Club
Car®, Ingersoll
Rand®, Thermo
King® and Trane®
— work together to enhance the quality and comfort of air in homes and
buildings; transport and protect food and perishables; and increase
industrial productivity and efficiency. We are a $13 billion global
business committed to a world of sustainable progress and enduring
results. For more information, visit www.ingersollrand.com.
This news release includes “forward-looking statements,” which are
statements that are not historical facts, including statements that
relate to the mix of and demand for our products; performance of the
markets in which we operate; our share repurchase program including the
amount of shares to be repurchased and timing of such repurchases; our
capital allocation strategy; our projected 2017 full-year financial
performance and targets and our projected 2017 to 2020 financial
performance and targets including assumptions regarding our effective
tax rate. These forward-looking statements are based on our current
expectations and are subject to risks and uncertainties, which may cause
actual results to differ materially from our current expectations. Such
factors include, but are not limited to, global economic conditions, the
outcome of any litigation, demand for our products and services, and tax
law changes. Additional factors that could cause such differences can be
found in our Form 10-K for the year ended December 31, 2016, Form 10-Q
for the quarter ended March 31, 2017, and other SEC filings. We assume
no obligation to update these forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20170510005457/en/
Source: Ingersoll Rand