ITT Reports First-Quarter Earnings Per Share of $0.88, Adjusted EPS of $0.97
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
Revenue up 4% (7% organic) driven primarily by Connect & Control Technologies (CCT)Orders up 11% (14% organic) driven by strong demand in Industrial Process (IP) and CCTDeployed over $235 million of capital, including $186 million of share repurchasesAnnounced $140 million acquisition of Habonim, a specialty valves manufacturer, in Q2Maintaining full year 2022 revenue, segment margin and adjusted EPS guidance WHITE PLAINS, N.Y.--(BUSINESS WIRE)--May 3, 2022-- ITT Inc. (NYSE: ITT) today reported financial results for the first quarter ended April 2, 2022. The company reported a year-over-year revenue increase of 4.0%, up 6.8% on an organic basis. This was primarily driven by strong demand for connectors and aerospace components in CCT and short-cycle products in IP, strength in Motion Technologies (MT) Friction aftermarket, and pricing actions that contributed approximately 3% to organic revenue growth – most notably in MT.Segment operating margin of 14.6% for the first quarter decl
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News
- ITT (ITT) Earnings Expected to Grow: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- ITT Recognized as 3-Star Employer by VETS Indexes for Commitment to Hiring and Developing Military Community MembersBusiness Wire
- Selling weapons ‘like vacuum cleaners': Photographer's look at the bizarre world of global arms fairs [CNN]CNN
- ITT Announces Participation in Oppenheimer’s 19th Annual Industrial Growth ConferenceBusiness Wire
- Here's Why ITT (ITT) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
ITT
Earnings
- 2/8/24 - In-Line
ITT
Sec Filings
- 4/2/24 - Form ARS
- 4/2/24 - Form DEFA14A
- 4/2/24 - Form DEF
- ITT's page on the SEC website