Ingersoll-Rand touts ‘strong balance sheet’ that it aims to maintain

By Devika Patel

Knoxville, Tenn., March 23 – Ingersoll-Rand plc plans to maintain its “strong balance sheet,” so as to ensure that it has plenty of optionality and is able to act fast when deploying capital.

“We have a strong balance sheet,” senior vice president and chief financial officer Susan K. Carter said at the 2017 Bank of America Merrill Lynch Global Industrials & E.U. Autos Conference in London on Thursday.

“Our goals are to maintain and continue to strengthen that balance sheet and that really gives us a lot of optionality and it gives us the ability to act quickly with any of our capital deployment activities, but it is very important to us and we’re committed to doing that,” she said.

The company’s free cash flow was $1.35 billion in 2016.

Ingersoll-Rand is a Davidson, N.C. diversified industrial firm with legal headquarters in Swords, Ireland.

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