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Stock impact report

ITT's Q3 Earnings & Revenues Top Estimates, Increase Y/Y [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
The bottom line jumped 21.1% year over year, aided by an increase in sales across the Connect & Control Technologies and Industrial Process segments. Total revenues of $999.1 million beat the consensus estimate of $977 million. The top line increased 12.9% year over year. Organic sales increased 6.1% year over year, driven by pump project shipments in the Industrial Process segment, an increase in aerospace and industrial connectors demand in the Connect & Control Technologies segment and share gains in automotive and rail in the Motion Technologies segment. ITT's Segmental Results Revenues from the Industrial Process segment totaled $383.9 million, up 15% year over year. Strength in pump projects and pricing actions aided the segment's performance. Organic sales increased 11.3% and adjusted operating income grew 18.7% on a year-over-year basis. Our estimate for segmental revenues was pinned at $371.2 million. Revenues from the Motion Technologies segment amounted to $355.6 mi Show less Read more
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