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ITT (ITT) Up 7.4% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-11-28 17:35
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 ...
ITT Benefits From Business Strength & Acquisitions Amid Risks
ZACKS· 2024-11-19 16:06
ITT Inc. (ITT) has been benefiting from the strong demand for its short-cycle product categories, driven by strength in pump projects and the Habonim valves business. Solid momentum in the aftermarket business, along with the acquisition of Svanehøj, is driving the Industrial Process segment.Growth in component and connector sales within the aerospace and defense markets is aiding the Connect and Control Technologies segment. Also, the acquisitions of kSARIA and Micro-Mode augur well for the segment. In thi ...
ITT Beats on Q3 Earnings & Revenues, Raises 2024 EPS View
ZACKS· 2024-10-30 15:10
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 ...
ITT (ITT) - 2024 Q3 - Earnings Call Transcript
2024-10-29 18:16
ITT Inc. (NYSE:ITT) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Mark Macaluso - Vice President, Investor Relations & Global Communications Luca Savi - Chief Executive Officer & President Emmanuel Caprais - Chief Financial Officer Conference Call Participants Joe Giordano - TD Cowen Scott Davis - Melius Andrew Obin - Bank of America Mike Halloran - Baird Vlad Bystricky - Citigroup Damian Karas - UBS Joe Ritchie - Goldman Sachs Nathan Jones - Stifel Matt Summerville - D.A ...
ITT (ITT) - 2024 Q3 - Earnings Call Presentation
2024-10-29 15:59
* HABONIM CD HABONIM Q3 2024 Earnings October 29, 2024 t S HABONIM Shown: Habonim C28 valves deployed in an LNG application. Heel 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. In addition, the accompanying conference call may include, and officers and representatives of ITT may from time to time make and discuss, projections, g ...
Compared to Estimates, ITT (ITT) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-29 14:35
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) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-29 12:40
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 ...
ITT (ITT) - 2024 Q3 - Quarterly Results
2024-10-29 10:31
Exhibit 99.1 https://files.reportify.c ITT REPORTS 2024 THIRD QUARTER EARNINGS PER SHARE (EPS) OF $1.96, ADJUSTED EPS OF $1.46 ▪ 17% orders growth (14% organic) driven by pump project awards, rail share gains and connectors demand ▪ 8% revenue growth (6% organic) driven by strength across all segments ▪ 610 basis points operating margin expansion to 23.5%, including $48 million preliminary gain on divestiture of Wolverine Advanced Materials (Wolverine); 60 basis points adjusted operating margin expansion to ...
Looking for a Growth Stock? 3 Reasons Why ITT (ITT) is a Solid Choice
ZACKS· 2024-10-18 17:46
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 ...
Here's Why Hold Strategy is Apt for ITT Stock Right Now
ZACKS· 2024-09-26 18:40
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 ...