ITT Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

ITT Inc.'s (ITT) second-quarter 2024 adjusted earnings of $1.49 per share surpassed the Zacks Consensus Estimate of $1.46. The bottom line jumped 12% year over year, aided by an increase in sales across each of its segments. Total revenues of $905.9 million narrowly missed the consensus estimate of $907 million. However, the top line increased 8.6% year over year, buoyed by higher friction original equipment volume and aftermarket demand in the Motion Technologies segment. Also, short cycle demand in the In ...