Upcoming AWS Coverage on Colfax Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 9, 2017 / Active Wall St. blog coverage looks at the headline from Ingersoll-Rand PLC (NYSE: IR) as the Company announced on February 08, 2017, that it has agreed to acquire the business of Thermocold Costruzioni S.r.I., a privately held Italian Company that deals in manufacturing and distribution of HVAC (heating, ventilating, and air-conditioning) systems and solutions for residential, commercial, and industrial buildings in Europe. Register with us now for your free membership and blog access at:

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One of Ingersoll-Rand's competitors within the Diversified Machinery space, Colfax Corp. (NYSE: CFX), reported its financial results for the quarter and year ended December 31, 2016, on February 02, 2017. AWS will be initiating a research report on Colfax in the coming days.

Today, AWS is promoting its blog coverage on IR; touching on CFX. Get all of our free blog coverage and more by clicking on the links below:

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The Agreement

The acquisition of Thermocold is viewed as an expansion of Ingersoll's Commercial and Residential HVAC systems under its Climate segment. Ingersoll plans to venture into a large market opportunity in Europe and expand the distribution mechanism of Thermocold to other parts of the world where demand is increasing. The Climate segment, which includes Trane®, American Standard® Heating and Air Conditioning (provides HVAC solutions), energy services, and automation building offers the solutions through Trane Building Advantage and Nexia, and Thermo King transport temperature control solutions.

Financial Matters

According to the Company's Q4 FY16 results released on February 01, 2017, Ingersoll reported net revenues of $2.56 billion for Q4 FY16 for the climate segment (including commercial and residential HVAC), against the $2.49 billion benchmark for Q4 FY15 representing a 3% y-o-y growth. Bookings for the segment observed a 9% surge Y-O-Y amounting to $2.51 billion for Q4 FY16 against $2.31 billion for Q4 FY15. The surge in organic revenues for the Commercial HVAC segment was led by high-single-digit growth in North America.

The Multi-Pipe HVAC System

Thermocold's flagship technology is its innovative multi-pipe HVAC system. The design offers high efficiency through simultaneous heating and cooling. The design is primarily based on reusing rejected energy. The system recovers energy by shifting use from a separate boiler and chiller to a single and simplified, multi-pipeline unit which deliver both hot and chilled water. This technology ensures judicious use of energy where any excess energy can be reused, hence offering a sustainable solution. This technology from Thermocold reduces investment costs, lesser use of floor space, and minimal operating expenses. From the environmental outlook, this technology further contributes to lower carbon emission owing to the efficient use of rejected energy.

Thermocold views this acquisition as an accretion to its growth prospects across the world. According to Giovanni Renna, President of Thermocold, the acquisition will offer the Company ample support to serve new and existing customers and distributors better than ever before. The closing of the acquisition is subjected to certain closing conditions and third party approvals.

Recent News

Ingersoll authorized a new share repurchase program of up to $1.5 billion of its ordinary shares on February 08, 2017. The Company additionally declared a quarterly dividend of $0.40 per ordinary share, payable March 31, 2017, to shareholders of record on March 10, 2017.

Stock Performance

On Wednesday, February 08, 2017, the stock closed the trading session at $80.08, slightly up 0.29% from its previous closing price of $79.85. A total volume of 1.70 million shares have exchanged hands. Ingersoll-Rand's stock price advanced 13.84% in the last three months, 18.68% in the past six months, and 63.00% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 6.72%. The stock is trading at a PE ratio of 14.21 and has a dividend yield of 2.00%. The net market capital for the Company stood at $21.03 billion at yesterday's closing price.

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SOURCE: Active Wall Street