Emmanuel Caprais And then if you look at our rail platform, KONI and Axtone, we see many opportunities, both from a pricing standpoint and also a productivity standpoint. So here in pricing, we have just scratched the surface, but there's still much more to go after. And because this is the longer cycle business, we're not seeing all the impacts of pricing yet in our P&L. So we're going to continue to drive this. And with further margin expansion from KONI, Axtone as well as from Friction, we expect really ...

2022 Performance Highlights - Organic orders grew by +12%[9], marking the 7th consecutive quarter of double-digit growth[9] - Organic revenue increased by +17%[9] - Adjusted EPS grew by +22%[9] - The ending backlog reached approximately $1.1 billion[9] - Connectors saw CCT growth of +13%, while aerospace components experienced growth of +26%[4] Q4 2022 Financial Results - Q4 2022 revenue was $775 million, compared to $685 million in Q4 2021[30] - Adjusted EPS for Q4 2022 was $1.29, compared to $1.06 in Q4 2021[34] - The company experienced a +660 bps price impact on margins in Q4[24] Full Year 2022 Financial Results - Full year 2022 revenue reached $2.988 billion, compared to $2.765 billion in 2021[113] - Adjusted EPS for the full year 2022 was $4.44, compared to $4.05 in 2021[115] - The company achieved +12% organic revenue growth[102] 2023 Outlook - The company anticipates revenue growth of 7% to 9%, with 6% to 8% being organic[84] - Adjusted EPS is projected to be between $4.55 and $4.95, representing a +2% to +11% growth[84] - Free cash flow is expected to be between $350 million and $400 million, with a margin of +11% to +12%[84]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from_____ to _____ Commission File No. 001-05672 ITT INC. Incorporated in the State of Indiana 81-1197930 (State or Other Jurisdiction of Incorporation or Organization) ...

Financial Data and Key Metrics Changes - ITT reported a revenue growth of over 17%, driven by double-digit growth across all business segments [37][134] - The company achieved a record segment margin in Q4, overcoming approximately $50 million in cost inflation [35][138] - Adjusted EPS growth is expected to be 7% at the midpoint for 2023, with a strong focus on improving cash flow generation [13][142] Business Line Data and Key Metrics Changes - Industrial Process (IP) saw organic revenue growth of 27%, with project bookings increasing over 70% [4][37] - Connect and Control Technologies (CCT) grew sales by 16%, supported by strong demand in aerospace components [134][128] - Motion Technologies (MT) experienced a decline in margins to 14.7%, impacted by higher material and labor costs [137][100] Market Data and Key Metrics Changes - The rail business grew 10% organically, with orders up 35%, particularly strong in Europe [7] - The automotive market is expected to be flat to low single digits in 2023, with a slowdown anticipated in Europe during the second half [11][56] - Demand for EV connectors grew significantly, with orders reaching almost $40 million in 2022 [130] Company Strategy and Development Direction - The company is focusing on value-based pricing strategies and improving supply chain effectiveness to drive long-term value creation [9][43] - ITT is investing in new product development and innovation, particularly in electrification and clean energy projects [10][14] - The company aims to achieve a 30% global market share in the EV space by 2026, leveraging its competitive advantages [86][121] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2023, expecting strong performance in the first half but anticipating a slowdown in the second half due to economic conditions [57][142] - The company is committed to maintaining pricing discipline while navigating ongoing cost inflation and supply chain challenges [52][100] - Management highlighted the importance of execution and market share gains as key differentiators for future growth [44][144] Other Important Information - ITT announced a 10% increase in dividends and repurchased over $250 million of shares, reducing the share count by 3% [36] - The company is experiencing strong cash flow generation, with a free cash flow margin of 17% in Q4, the best performance of the year [35][129] - ITT's effective purchase multiple has decreased to 8-9x, down from approximately 12x at the time of acquisition [36] Q&A Session Summary Question: What are the expectations for price versus cost inflation in 2023? - Management indicated that while they were slightly price positive in Q3 and Q4 of 2022, they expect to maintain that in 2023 despite some headwinds from commodity costs [46] Question: Can you provide specific examples of growth in IP projects? - Management highlighted significant orders in energy projects, including initiatives in Nigeria, Angola, and Malaysia, indicating strong international growth [22] Question: What is the outlook for margins in Motion Technologies? - Management expects MT to return to high teens margins in the long term, although it may take longer than other segments due to current challenges [70] Question: How does the company view competition in the EV space? - Management acknowledged increased competition but emphasized their ability to differentiate and maintain market share through innovation and customer focus [64][86] Question: What are the expectations for the global economy's impact on business? - Management anticipates a significant deceleration in the global economy in the second half of 2023, affecting various segments [57][101]

Financial Data and Key Metrics Changes - ITT reported a 21% increase in EPS, marking the highest quarterly earnings on record for the company [8] - Organic revenue grew by 15%, driven by strong pricing and higher sales volumes across all businesses [10][24] - Operating margin improved to 16.9%, reflecting a 140 basis points increase despite over 700 basis points headwind from cost inflation [26] Business Line Data and Key Metrics Changes - Industrial Process (IP) saw an 11% organic orders growth, with margins expanding by 550 basis points year-over-year [9][11] - Connect & Control Technologies (CCT) achieved 12% organic orders growth, with a margin expansion of over 100 basis points year-over-year [10][32] - Motion Technologies (MT) reported a 22% organic growth in friction revenue, although aftermarket growth slowed to 1% due to high distributor inventory [24][30] Market Data and Key Metrics Changes - Demand remained strong across most end markets, with notable growth in commercial aerospace and defense [9][24] - North American auto production is expected to improve, while Europe may remain at low levels due to ongoing challenges [38] - The strengthening of the USD negatively impacted sales by approximately 800 basis points, equating to a $0.04 EPS impact [25] Company Strategy and Development Direction - ITT is focusing on value-based pricing strategies and operational improvements to enhance profitability [10][12] - The company is investing in sustainability initiatives, including solar energy projects and a commitment to reducing greenhouse gas emissions [20][23] - ITT aims to maintain agility in adjusting its cost structure in response to economic uncertainties and supply chain disruptions [22] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding potential economic slowdowns and ongoing supply chain challenges [37][41] - The aerospace recovery is expected to continue, with strong order rates in CCT [39][85] - The company anticipates a high teens organic sales growth in Q4, driven by IP and CCT [35] Other Important Information - ITT's backlog exceeded $1 billion, providing a solid foundation for future growth [33] - The company is actively managing working capital to improve free cash flow generation, which has been below expectations [27][97] Q&A Session Summary Question: Commentary on industrial connectors and market deterioration - Management noted that while industrial connectors grew, there was a softening in purely industrial connectors, indicating a potential economic slowdown [44] Question: Challenges in pricing acceptance - Management indicated that ITT achieved price-cost neutrality for the first time in Q3, with expectations for improvement in Q4 [46] Question: Margin progression in Motion Technologies - Management acknowledged continued pressure from commodities and a negative mix impact on margins, with expectations for improvement in 2023 [50][51] Question: Pump market share and project delays - Management reported strong growth in short-cycle orders but noted delays in project sign-offs, particularly in Europe [60] Question: CapEx expectations and EV platform risks - Management expects a stronger Q4 for capital investments while remaining cautious about potential recession impacts [70] Question: Interest rates and working capital strategy - Management is focused on improving cash performance and managing inventory effectively to mitigate the impact of rising interest rates [97]

ITT Inc. (NYSE:ITT) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Mark Macaluso - VP, IR Luca Savi - CEO and President Emmanuel Caprais - CFO Conference Call Participants Mike Halloran - Baird Jeff Hammond - KeyBanc Adam Farley - Stifel Vlad Bystricky - Citigroup Damian Karas - UBS Joe Giordano - Cowen Sabrina Abrams - Bank of America Matt Summerville - D.A. Davidson Operator Welcome to ITT's 2022 Second Quarter Conference Call. Today is Thursday, August 4th, 2022. Today's ...

2022 Goldman Sachs Industrials and Materials Conference Emmanuel Caprais, Chief Financial Officer SAFE HARBOR AND NON-GAAP DISCLOSURES Safe Harbor This presentation contains "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forwardlooking statements are not historical facts, but rather represent only a belief regarding future events based on current expectations, estimates, assumptions and projection ...

Financial Performance - Adjusted EPS was $097[6], a decrease of 8% compared to the previous year[28] - Organic revenue growth was +7%[8] - Adjusted operating margin was 146%[8] - Capital deployed was over $235 million[8] - The company is maintaining full-year revenue, margin, and adjusted EPS outlook[8] Orders and Growth - Organic orders growth was +14%[7] - Connect & Control Technologies (CCT) organic revenue growth was +23%[7] - Motion Technologies (MT) secured 15 EV awards[7] - Industrial Process saw a +23% year-over-year organic growth in orders[10] - Connect & Control Technologies experienced a +28% year-over-year organic growth in orders[12] Capital Deployment - $186 million was used for share repurchases in Q1, a 3x increase compared to the previous year[7, 16] - Dividends increased by 20%[7, 17] - The company acquired Habonim for $140 million[7, 18]

ITT Inc. (NYSE:ITT) Q1 2022 Results Conference Call May 3, 2022 8:30 AM ET Â Company Participants Mark Macaluso - VP, IR Luca Savi - CEO and President Emmanuel Caprais - CFO Conference Call Participants Damian Karas - UBS Joe Ritchie - Goldman Sachs Mike Halloran - Baird Jeff Hammond - KeyBanc Vlad Bystricky - Citi Andrew Obin - Bank of America Nathan Jones - Stifel Robert Jamieson - Cowen Will Jellison - D.A. Davidson Operator Welcome to ITTÂ's 2022 First Quarter Conference Call. Today is Tuesday, May 3, 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from_____ to _____ Commission File No. 001-05672 ITT INC. Incorporated in the State of Indiana 81-1197930 (State or Other Jurisdiction of Incorporation or Organization) ...