A month has gone by since the last earnings report for ITT (ITT) . Shares have added about 7.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is ITT due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. ITT Beats on Q3 Earnings & Revenues, Raises 2024 EPS ViewITT’s third-q ...

Core Viewpoint - ITT Inc. is experiencing growth driven by strong demand in its short-cycle product categories, particularly in pump projects and the Habonim valves business, alongside solid aftermarket momentum and strategic acquisitions [1]. Group 1: Revenue Growth - Revenues from the Industrial Process segment increased by 19.3% in the third quarter of 2024, while the Connect and Control Technologies segment saw a 12.6% increase [2]. - The acquisitions of Svanehøj and kSARIA contributed 7% to the company's sales growth in the third quarter of 2024 [4]. Group 2: Acquisitions - ITT acquired kSARIA Parent, Inc. in September 2024, enhancing its connectivity solutions for defense and aerospace markets, which is expected to drive growth and operational efficiency [3]. - The acquisition of Svanehøj for approximately $395 million in January 2024 expanded ITT's offerings in the marine pumps industry [4]. Group 3: Shareholder Value - ITT is committed to increasing shareholder value through dividend payments and share repurchases, having paid out $78.7 million in dividends and repurchased shares worth $104 million in the first nine months of 2024 [5]. - The quarterly dividend rate was increased by 10% in February 2024 [5]. Group 4: Cost and Expenses - The cost of sales rose by 8.5% year over year in the first nine months of 2024, with sales and marketing expenses increasing by 15% and general and administrative expenses by 5.7% [8]. - High operating costs and expenses may impact margins and profitability in the upcoming quarters if not controlled [8]. Group 5: Foreign Currency Impact - ITT's substantial international operations expose it to foreign-currency risks, which adversely affected sales by 0.2% in the third quarter due to foreign currency translation [9].

ITT Inc.'s (ITT) third-quarter 2024 adjusted earnings of $1.46 per share surpassed the Zacks Consensus Estimate of $1.43. The bottom line jumped 7% year over year, aided by an increase in sales across most of its segments. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Total revenues of $885.2 million beat the consensus estimate of $876 million. The top line increased 7.7% year over year. Organic sales rose approximately 5.5% year over year, buoyed by higher friction original equi ...

For the quarter ended September 2024, ITT (ITT) reported revenue of $885.2 million, up 7.7% over the same period last year. EPS came in at $1.46, compared to $1.37 in the year-ago quarter.The reported revenue represents a surprise of +1.06% over the Zacks Consensus Estimate of $875.96 million. With the consensus EPS estimate being $1.43, the EPS surprise was +2.10%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

ITT (ITT) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.10%. A quarter ago, it was expected that this supplier of parts and services to a wide variety of industries would post earnings of $1.46 per share when it actually produced earnings of $1.49, delivering a surprise of 2.05%.O ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Score ...

ITT Inc. (ITT) is well-poised for growth, courtesy of strength across its businesses and accretive acquisitions. The company remains focused on innovating new products, which is also driving growth. Headquartered in New York, ITT is a global leader in multiple high-technology engineering and manufacturing industries. It engages in the design, manufacture and sale of a wide range of engineered products and services. Over the past year, this Zacks Rank #3 (Hold) company has gained 55.7% compared with the indu ...

Acquisition Overview - ITT Inc. has completed the acquisition of kSARIA Parent, Inc. for approximately $460 million, financed through a new term loan and existing cash [1] - kSARIA specializes in high-quality cable management and protection solutions, including turnkey installation services for military and aerospace applications [2] Strategic Rationale - The acquisition aligns with ITT's strategy to strengthen its business and expand its product portfolio and market share [3] - kSARIA's engineered cable assemblies will enhance ITT's existing connector portfolio, allowing for better penetration in key markets [3] Integration and Segment Impact - kSARIA will be integrated into ITT's Connect & Control Technologies (CCT) segment [4] Previous Acquisitions - ITT has made several notable acquisitions, including Svanehøj Group A/S for $395 million in January 2024, which expanded its marine pumps offerings [5] - The acquisition of Micro-Mode Products, Inc. in May 2023 enhanced ITT's product portfolio for defense programs and its North America connectors platform [5] - The acquisition of Clippard Instrument Laboratories' product lines in August 2022 expanded ITT's automation product range [6] Financial Performance - The acquisitions of Svanehøj and Micro-Mode contributed to a 4% increase in ITT's sales growth in Q2 2024 [6] - ITT's shares have gained 37% over the past year, significantly outperforming the industry growth of 0.4% [7] - The company is experiencing growth in its Industrial Process segment due to pump projects in the energy market and increased sales in aerospace and defense [7]

ITT Inc. (ITT) ITT is benefiting from strength across its segments. The IP segment is gaining from growth in pump projects in the energy, mining and decarbonization markets. Strength in the general industrial end market is aiding the segment's aftermarket business. The acquisition of Svanehøj also bodes well for the segment. Growth in component and connector sales within the aerospace and defense markets is aiding the CCT segment. The acquisition of Micro Mode augurs well for the segment. Solid momentum in ...

11 blackred Investment Thesis ITT Inc. (NYSE:ITT) has good revenue and margin growth prospects moving forward. Despite the tough macroeconomic environment, the company's revenue growth is expected to benefit from continued market share gain in the Motion Technology business, the decarbonization megatrend helping the Industrial Process segment, and the Connect and Control Technologies segment benefiting from strong demand in the Aerospace end market driven by healthy air travel demand (commercial aerospace) ...