ITT Q1 Earnings & Revenues Beat Estimates, Increase Y/Y [Yahoo! Finance]
ITT Inc. (ITT)
Last itt inc. earnings: 5/1 06:45 am
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Source: Yahoo! Finance
The bottom line jumped 21% year over year, aided by an increase in sales across each of its segments. Total revenues of $910.6 million beat the consensus estimate of $874 million. The top line increased 14.1% year over year, buoyed by pump projects in the Industrial Process, higher friction original equipment volume in the Motion Technologies and demand strength across the Connect & Control Technologies segments. The acquisitions of Svanehøj and Micro-Mode contributed 5% to the top line. Organic sales rose 9% year over year. Foreign currency translation had a 1% unfavorable impact on sales. Segmental Results Revenues from the Industrial Process segment totaled $333.9 million, up 25.3% year over year. Growth in pump projects and the buyout of Svanehøj drove the segment's performance. Organic sales increased 12.5% and adjusted operating income grew 19.9% on a year-over-year basis. Revenues from the Motion Technologies segment amounted to $392.4 million, implying a year-over-ye
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- ITT Inc. (NYSE: ITT) had its price target raised by analysts at UBS Group AG from $135.00 to $158.00. They now have a "buy" rating on the stock.MarketBeat
- ITT Announces Participation at 17th Annual Wolfe Research Global Transportation & Industrials Conference on May 22Business Wire
- ITT Inc. (NYSE:ITT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
ITT
Earnings
- 5/2/24 - Beat
ITT
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- ITT's page on the SEC website