ITT (ITT)

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ITT Benefits From Strength Across Segments Despite High Costs
ZACKS· 2025-01-16 15:06
ITT Inc. (ITT) is poised to gain from strength across its segments. Strength across all short-cycle product categories, driven by growth in pump projects and Habonim valves business, is aiding the Industrial Process (IP) segment. Solid momentum in the general industrial end market bodes well for the segment’s aftermarket business. Growth in component and connector sales within the aerospace and defense markets is driving the Connect and Control Technologies (CCT) segment. Also, the acquisitions of kSARIA an ...
Will ITT (ITT) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-01-15 18:16
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? ITT (ITT) , which belongs to the Zacks Diversified Operations industry, could be a great candidate to consider.When looking at the last two reports, this supplier of parts and services to a wide variety of industries has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 2.08%, on average, in the last two qua ...
ITT Executing Well Ahead Of Upcoming End-Market Recoveries
Seeking Alpha· 2024-12-30 23:21
It’s difficult to fault ITT Inc.’s (NYSE: ITT ) execution over the last couple of years, as the company has skillfully navigated challenging conditions in many short-cycle markets and inconsistent volumes in autos to deliver above-peer revenue growth forAnalyst’s Disclosure: I/we have a beneficial long position in the shares of ITT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than f ...
Here's Why You Should Retain ITT Stock in Your Portfolio Now
ZACKS· 2024-12-16 17:35
ITT Inc. (ITT) is well-poised for growth in the coming quarters, courtesy of strength across its segments and strong operational execution. The company's efforts to reward its shareholders handsomely add to its appeal.Based 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.ITT currently carries a Zacks Rank #3 (Hold). In the past year, the stock has gaine ...
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 ...