Ingersoll Rand To Acquire Howden Roots From Chart Industries For About $300 Mln Cash
(RTTNews) - Ingersoll Rand, Inc. (IR) entered into a definitive agreement to acquire Howden Roots LLC from Chart Industries, Inc. (GTLS) for an all-cash purchase price of approximately $300 million. Roots is a leading provider of low-pressure compression and vacuum technologies.
The acquisition adds long-standing premium brand with complementary low-pressure compression and vacuum technologies. It also enhances Ingersoll Rand's capabilities to serve high growth, sustainable end markets including green steel
This acquisition is expected to close in the third quarter 2023 upon obtaining required regulatory approvals. Upon close, Roots will join Ingersoll Rand's IT&S segment.
read more
Chart Industries Introduces Medium-term Financial Targets Through 2026
Ahead of its Investor Day later on Tuesday, engineering design firm Chart Industries, Inc. (GTLS) will introduce medium-term financial targets through 2026.
RTTNews
|
1026 days ago
Chart Industries Q3 Results Miss Estimates; Cuts FY23 Revenue Outlook
Chart Industries, Inc. (GTLS) reported Friday a net loss attributable to the company for the third quarter of $3.4 million or $0.07 per share, compared to net income of $41.2 million or $0.98 per share in the prior-year quarter. Income from continuing operations were $0.05 per share, compared to $0.98 per share last year.
Excluding items, adjusted earnings for the quarter was $1.28 per share, compared to $1.19 per share a year ago.
RTTNews
|
1058 days ago
U.S. Dollar Slips As Focus Shifts To Upcoming Trump's Meet With GCC Leaders
The U.S. Dollar value ticked lower on Friday after U.S. President Donald Trump hinted at returning to a possible military confrontation with Iran. Trump is planning to take a call after his upcoming meeting with the leaders of the Gulf Cooperation Council on Tuesday in New York.
RTTNews
|
1 day ago
Canadian Stocks Turning In Mixed Performance In Cautious Trade
Canadian stocks are turning in a mixed performance on Friday with investors largely making cautious moves, assessing geopolitical situation and weighing recent policy moves and inflation outlook from major central banks.
RTTNews
|
1 day ago
Swiss Market Ends On Weak Note
The Switzerland stock market closed notably lower on Friday, in line with markets across Europe as worries about inflation and uncertainty about central banks' monetary policy moves rendered the mood cautious.
RTTNews
|
1 day ago
European Stocks Fall As Central Bank Signals Weigh On Sentiment
European stocks declined Friday amid caution over monetary policy and inflation outlooks from major central banks. The ECB survey showed Euro Zone inflation expectations rose to 3% from 2.9%, while the Bank of Japan raised rates by 25 basis points.
RTTNews
|
1 day ago
U.S. Leading Economic Index Unexpectedly Edges Lower In August
A report released the Conference Board on Friday unexpectedly showed a modest decrease by its reading on leading U.S. economic indicators in the month of August. The Conference Board said its leading economic index edged down by 0.1 percent in August after rising by 0.2 percent in July. Economists had expected the index to inch up by 0.1 percent.
RTTNews
|
1 day ago
U.S. Industrial Production Unexpectedly Flat In August
With a jump in utilities output offset by a decrease in manufacturing output, the Federal Reserve released a report on Friday showing U.S. industrial production unexpectedly came in flat in the month of August. The Fed said industrial production was unchanged in August after rising by an unrevised 0.2 percent in July. Economists had expected industrial production to climb by 0.3 percent.
RTTNews
|
1 day ago
