Ingersoll Rand’s Board of Directors approved an incremental $1B increase to the share repurchase authorization. Aligned with the company’s previously communicated capital allocation strategy, Ingersoll Rand estimates it will fully utilize the remainder of the existing $750M repurchase authorization by the end of fiscal year 2024. The additional share repurchase authorization is consistent with the company’s holistic capital allocation philosophy and focus on shareholder value creation.
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