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Sep 30, 2023
ITT Q3 2023 Earnings Report
ITT's third quarter earnings were reported with EPS of $1.34 and adjusted EPS of $1.37.
Key Takeaways
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.
Revenue grew by 9% (5% organic), boosted by pump projects, aftermarket, aerospace and defense components, and Friction OE outperformance.
Segment operating margin was 19.1% (19.4% adjusted), with a 150 basis points expansion (120 basis points adjusted).
Segment operating income increased by 19% (17% adjusted).
Year-to-date operating cash flow reached $368 million, with free cash flow at $299 million.
ITT
ITT
ITT Revenue by Segment
Revenue by Segment
Motion Technologies Revenue
CapyFin.comIndustrial Process Revenue
CapyFin.comConnect & Control Technologies Revenue
CapyFin.com Forward Guidance
ITT raised its 2023 full year guidance across all metrics.
Revenue & Expenses
Visualization of income flow from segment revenue to net income