The 2020 Mid-Year Economic Update_long

Ingersoll-Rand’s Sales Up 29% in First Quarter

The increase was mostly due to the acquisition of Ingersoll-Rand plcs Industrial segment by Gardner Denver Holdings, Inc. in February of 2020.

Ingersoll-Rand plc (NYSE: IR), Swords, Ireland, reported first-quarter sales of $799.9 million, a 29% increase compared to the same period a year ago, mostly due to the acquisition of Ingersoll-Rand plc’s Industrial segment by Gardner Denver Holdings, Inc. in February of 2020. The company reported a loss of $36.8 million, compared to a profit of $47.1 million the previous year.

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