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 ...

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 ...

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 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 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]