ITT Reports Strong First-quarter Results, Raises 2021 Guidance
ITT Inc. (ITT)
Last itt inc. earnings: 5/1 06:45 am
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US:NYSE Investor Relations:
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Source: Business Wire
Revenue up 5%, organic revenue up 2% driven by strength in Friction and ConnectorsSegment operating margin of 17.0%, up 530 bps, adjusted segment operating margin of 17.5%, up 300 bps; incremental margin over 70%EPS of $0.99, up 4%; adjusted EPS of $1.06, up 33%Raising 2021 revenue, segment margin, EPS and free cash flow guidance WHITE PLAINS, N.Y.--(BUSINESS WIRE)--May 7, 2021-- ITT Inc. (NYSE: ITT) today reported first quarter 2021 financial results. The company reported first quarter year-over-year sales increase of 5%, up 2% on an organic basis driven primarily by strength in its Friction and Connectors businesses. Segment operating margin for the first quarter of 17.0% expanded 530 basis points and adjusted segment operating margin of 17.5% expanded 300 basis points. Operating cash flow of $71 million was up 32%, and free cash flow of $54 million was up 71%.“ITT had an encouraging start to 2021,” said Luca Savi, Chief Executive Officer and President of ITT Inc. “We continue to
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News
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- ITT Inc. (NYSE: ITT) had its price target raised by analysts at KeyCorp from $136.00 to $150.00. They now have an "overweight" rating on the stock.MarketBeat
- ITT to Release First Quarter 2024 Results on Thursday, May 2Business Wire
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