ITT Reports 2023 Earnings Per Share (EPS) of $1.12, Adjusted EPS of $1.34 in Fourth Quarter 2023; Reports EPS of $4.97, Adjusted EPS of $5.21 for the Full Year
ITT Inc. (ITT)
Last itt inc. earnings: 5/1 06:45 am
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US:NYSE Investor Relations:
itt.com/investors
Company Research
Source: Business Wire
Full Year 2023 Highlights:10% revenue growth (8% organic) driven by higher volume, pricing actions, favorable foreign currency impacts and acquisitions16.1% operating margin, up 40 basis points; 16.9% adjusted operating margin, up 100 basis pointsOperating cash flow of $538 million, up $260 million; free cash flow of $430 million, up $257 millionInitiates 2024 EPS guidance up 13% at the midpoint (adjusted EPS up 9% at the midpoint) STAMFORD, Conn.--(BUSINESS WIRE)--February 8, 2024-- ITT Inc. (NYSE: ITT) today reported financial results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported a year-over-year revenue increase of 7%, up 4% on an organic basis, primarily driven by higher Friction original equipment (OE) volumes in Motion Technologies (MT) and pricing actions in Connect & Control Technologies (CCT) and Industrial Process (IP). Fourth quarter results included a 2% favorable foreign currency impact, while the Micro-Mode
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News
- ITT Continues Strong Performance Post-Pandemic, Now Adding Acquired Growth [Seeking Alpha]Seeking Alpha
- 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 Q1 Earnings & Revenues Beat Estimates, Increase Y/Y [Yahoo! Finance]Yahoo! Finance
ITT
Earnings
- 5/2/24 - Beat
ITT
Sec Filings
- 5/2/24 - Form IRANNOTICE
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- ITT's page on the SEC website