ITT Earnings Reports

ITT Inc. reported a 12% increase in revenue for the fourth quarter, with a 6% organic growth. The company's operating income increased by 35%, and earnings per share rose by 38%. Strategic acquisitions and divestitures enhanced ITT's portfolio, focusing on high-growth, high-margin flow and connector segments.

ITT Inc. reported an 8% increase in revenue (6% organic) and a 46% increase in EPS to $1.96. Adjusted EPS increased by 7% to $1.46. The company is raising the midpoint of its full year EPS guidance due to continued outperformance.

ITT Inc. reported a strong second quarter in 2024, with a 9% increase in revenue driven by sales volume across all segments and the acquisition of Svanehøj. The company also announced a portfolio reshaping with the acquisition of kSARIA and the divestiture of Wolverine. ITT is maintaining its full-year revenue, operating margin, EPS, and cash flow guidance.

ITT Inc. reported a strong first quarter in 2024, with significant growth in orders and revenue. Revenue increased by 14% (9% organic) driven by pump projects, Friction OE outperformance, and demand strength. The company raised its 2024 full year guidance due to this strong performance.

ITT Inc. reported a 7% increase in revenue for Q4 2023, with 4% organic growth. EPS was reported at $1.12, a decrease of 19%, while adjusted EPS reached $1.34, a 4% increase. The revenue growth was primarily driven by higher Friction original equipment volumes in Motion Technologies and pricing actions in Connect & Control Technologies and Industrial Process.

ITT Inc. reported a revenue increase of 9% year-over-year, driven by growth in Industrial Process and Connect & Control Technologies. The company is raising its 2023 full year guidance across all metrics.

ITT Inc. reported a 14% year-over-year revenue increase, driven by growth in Industrial Process and Motion Technologies, and pricing actions across all segments. EPS for the second quarter was $1.31, a 44% increase versus prior year, and adjusted EPS was $1.33, a 36% increase compared to prior year. The company is raising its 2023 full year margin and EPS guidance.

ITT Inc. reported a 10% year-over-year revenue increase driven by IP short-cycle demand and pump project activity, aerospace demand in CCT, and pricing actions across all segments. EPS for the first quarter was $1.20, a 36% increase, and adjusted EPS was $1.17, a 21% increase. The company is raising the mid-point of its adjusted EPS guidance range by five cents.

ITT Inc. reported a 13% year-over-year revenue increase in Q4 2022, with a 17% increase on an organic basis. EPS increased by 16% to $1.39, and adjusted EPS increased by 22% to $1.29. The company overcame cost inflation and foreign currency headwinds to deliver on its original revenue and adjusted EPS guidance.

ITT Inc. reported a 9% increase in revenue and a 15% increase on an organic basis. EPS was reported as $1.23 and adjusted EPS was $1.20. The company's performance was driven by growth in Industrial Process, Connect & Control Technologies, and Motion Technologies, as well as pricing recovery across all segments.

ITT Inc. reported a revenue increase of 6% year-over-year, with a 10% increase on an organic basis. The growth was primarily driven by Connect & Control Technologies (CCT) and Industrial Process (IP), and pricing actions across all businesses. The company also deployed approximately $275 million in the quarter, including share repurchases and M&A investments.

ITT reported a 4% increase in revenue (7% organic) driven primarily by Connect & Control Technologies. However, earnings per share decreased by 11% to $0.88, and adjusted EPS decreased by 8.5% to $0.97. The company deployed over $235 million of capital, including $186 million in share repurchases and announced the acquisition of Habonim in Q2.

ITT reported a revenue decrease of 3% year-over-year in Q4 2021, driven by global supply chain disruptions and a tough prior year comparison related to auto OE demand. However, adjusted earnings per share increased by 5% compared to the prior year, driven by higher segment operating income, share repurchases, and a lower effective tax rate.

ITT Inc. reported a 17% year-over-year revenue increase, driven by growth in Motion Technologies’ Friction aftermarket business, the connector business in Connect & Control Technologies, and short cycle demand in Industrial Process. EPS was $1.00, up 282%, and adjusted EPS was $0.99, up 21%. The company raised its full-year adjusted earnings per share outlook to a new range of $4.01 to $4.06.

ITT Inc. reported a 34% year-over-year revenue increase (29% organic) in the second quarter, driven by growth in Motion Technologies’ Friction business and other segments. Adjusted EPS increased by 65% to $0.94, exceeding 2019 levels. The company completed the divestiture of legacy asbestos liabilities and raised its full-year 2021 revenue and EPS guidance.

ITT Inc. reported a 5% increase in first-quarter year-over-year sales, with a 2% increase on an organic basis due to strength in its Friction and Connectors businesses. The company's segment operating margin expanded 530 basis points to 17.0%, and adjusted segment operating margin expanded 300 basis points to 17.5%. ITT raised its 2021 guidance for revenue, segment margin, EPS, and free cash flow.

ITT Inc. reported a fourth quarter year-over-year sales decline of 2%, down 4% on an organic basis. Segment operating margin for the fourth quarter of 16.9% expanded 200 basis points and adjusted segment operating margin expanded 150 basis points. Earnings per share was a loss of $0.16, but adjusted earnings per share increased 2% to $1.01 versus prior year despite the sales decline.

ITT Inc. reported a 17% decrease in revenue, driven by an 18% decline in organic revenue due to the global impact of COVID-19. Despite challenging market conditions, the company achieved a 44% increase in adjusted EPS compared to the second quarter, and an all-time record adjusted operating income margin of 15.4%.

ITT Inc. reported a 29 percent decrease in revenue, driven by the negative global impact of COVID-19. EPS from continuing operations decreased to $0.53, and adjusted EPS decreased 39 percent to $0.57. The company increased its cost reduction target to $160 million.

ITT Inc. reported a revenue of $663 million, a decrease of 5% compared to the previous year. EPS increased by 19% to $0.95 due to a favorable asbestos settlement, while adjusted EPS decreased by 12% to $0.80. The company is implementing a $50 million restructuring plan and has withdrawn its previously communicated guidance for 2020 due to the uncertainty caused by COVID-19.

ITT Inc. reported a 6% increase in fourth-quarter revenue to $719 million. Organic revenue increased by 4%. EPS grew by 32% to $0.75, and adjusted EPS grew by 21% to $0.99.