DAVIDSON, N.C. (Feb. 20, 2017)—Ingersoll Rand was recognized for the fifth consecutive year as one of Fortune Magazine's World’s Most Admired Companies. Ingersoll Rand ranked second in its category of Industrial Machinery.

“We are honored that Fortune has once again named Ingersoll Rand as one of the World’s Most Admired Companies,” Michael W. Lamach, chairman and chief executive officer of Ingersoll Rand, said in a statement.

“This recognition acknowledges our commitment to a culture that places a balanced emphasis on performance and values. I join in celebrating this achievement with our employees around the world who are dedicated to creating positive social change and making the world sustainable for future generations,” Lamach said.

The survey measures nine attributes related to financial performance and corporate reputation.

To build the list, Fortune collaborated with Korn Ferry Hay Group. To determine the best-regarded companies in 51 industries, Korn Ferry Hay Group asked executives, directors and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent.

A company’s score must rank in the top half of its industry survey to be listed.

One of Ingersoll Rand’s brand is ARO, a manufacturer of fluid-handling equipment.