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Ingersoll Rand Inc. (NYSE:IR), a leader in the general industrial machinery and equipment industry with a market capitalization of $32.7 billion, announced the resignation of board member Julie A. Schertell effective March 27, 2025. The departure was confirmed in a regulatory filing with the Securities and Exchange Commission today. According to InvestingPro data, the company maintains a strong financial health rating of "GOOD" with robust liquidity metrics.
Schertell, who also served on the Nominating and Corporate Governance Committee and the Sustainability Committee, stepped down from her positions without citing any disagreements with the company or its management. The company’s statement clarified that her resignation did not stem from any conflict with Ingersoll Rand’s operations, policies, or practices.
This change comes at a time when corporate governance and sustainable business practices are increasingly under the spotlight, highlighting the importance of experienced leadership in these areas. Schertell’s departure will require Ingersoll Rand to seek a new director who can contribute to the company’s governance and sustainability efforts. The company’s solid financial foundation is evidenced by its current ratio of 2.29, indicating strong ability to meet short-term obligations. InvestingPro subscribers can access 8 additional key insights about Ingersoll Rand’s financial health and growth potential.
Ingersoll Rand has not yet announced a successor or provided details on the process for filling the vacated board seat. The company’s adherence to corporate governance standards will be observed closely by investors and industry analysts as they proceed to fill this critical role.
The company, formerly known as Gardner Denver Holdings, Inc., has been incorporated in Delaware and is headquartered in Davidson, North Carolina. It operates globally, providing a wide range of industrial products and services, generating annual revenue of $7.2 billion with a healthy gross profit margin of 43.8%. Detailed analysis and comprehensive metrics are available in the Pro Research Report on InvestingPro, which is part of the platform’s coverage of over 1,400 US equities.
Investors and stakeholders of Ingersoll Rand may anticipate further announcements regarding the transition in board composition and any potential impact on the company’s strategic direction. The information regarding Schertell’s resignation is based on the latest 8-K filing with the SEC.
In other recent news, Ingersoll-Rand reported fourth-quarter earnings that narrowly missed analyst expectations, with adjusted earnings per share at $0.84 compared to the anticipated $0.85. Revenue for the quarter reached $1.9 billion, slightly below the expected $1.93 billion, though it marked a 4% increase from the previous year. The company provided guidance for 2025, projecting adjusted earnings per share between $3.38 and $3.50, aligning closely with the consensus estimate of $3.46, and forecasting revenue growth of 3% to 5%. Stifel analysts revised their price target for Ingersoll-Rand shares to $94.00 from $100.00, maintaining a Hold rating, following the earnings report and a slight dip in revenue forecasts for 2025. The Precision and Science Technologies segment saw a 24% revenue increase, while the Industrial Technologies and Services segment reported flat revenue of $1.51 billion. Ingersoll-Rand’s cash flow from operating activities was $526 million, with $491 million in free cash flow, and the company allocated $200 million for acquisitions in the fourth quarter. Despite the earnings miss, the company’s positive outlook for 2025 and its strategic IRX initiative have garnered attention, with investors reacting positively.
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