ITT Q4 Earnings In Line With Estimates, Revenues Increase Y/Y

ITT Inc.’s (ITT) fourth-quarter 2023 adjusted earnings (excluding 3 cents from non-recurring items) of $1.34 per share matched the Zacks Consensus Estimate. The bottom line jumped 3.9% year over year, owing to an increase in sales across each of the segments.Total revenues of $829.1 million beat the consensus estimate of $812 million. The top line increased 7% year over year, owing to higher Friction original equipment volumes in the Motion Technologies segment, pricing actions in the Connect & Control Tech ...