ITT Q4 2019 Earnings Report
Key Takeaways
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.
Total Revenue was $719 million with Segment OI Margins of 14.9%.
Organic Revenue was $705 million with Adj Segment OI Margins of 15.4%.
Adjusted EPS was $0.99.
Friction OEM Outperformed Global Auto by 1,600 bps in Q4.
ITT
ITT
ITT Revenue by Segment
Forward Guidance
ITT provided 2020 guidance, projecting total revenue down 1 percent with a range of down 3 percent to up 1 percent, adjusted segment margin expansion of 80 bps with a range of up 50 bps to up 110 bps, and adjusted EPS of $3.87 per share, with a wider range of $3.72 to $4.02 per share to reflect the increasing uncertainty from the novel coronavirus.
Revenue & Expenses
Visualization of income flow from segment revenue to net income