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0 0.00184981108312342 0.00157430730478592 0.00110201511335013 0.00103668136020147 0.00244017632241815 0.000314861460957116 -0.000629722921914344
Stock impact report

ITT Gains From End-Market Strength & Buyouts Amid Headwinds [Yahoo! Finance]

ITT Inc. (ITT) 
Last itt inc. earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: itt.com/investors
Company Research Source: Yahoo! Finance
A strong pipeline of projects in energy, mining and decarbonization markets, including a new contract with ExxonMobil, bode well for the Industrial Process segment. Growth in component sales within the commercial aerospace and defense markets has been driving the Connect & Control Technologies segment. Also, solid momentum in the friction OE (original equipment) business is supporting the Motion Technologies unit. The company intends to strengthen and expand its businesses through acquisitions. In January 2024, it acquired Svanehøj for approximately $395 million. The inclusion of Svanehøj's portfolio of highly engineered flow solutions enables ITT to expand its customer offerings and boost its position in the marine pumps industry. For 2024, ITT expects to generate about $160 million of revenue from Svanehøj. Also, the acquisition of Micro-Mode Products in May 2023 enhanced its product portfolio and customer base, specifically for long-term defense programs. ITT remains commit Show less Read more
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