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ITT to Release 2025 Fourth Quarter and Full Year Results and 2026 Outlook on Thursday, Feb. 5
Businesswire· 2026-01-13 11:30
Core Viewpoint - ITT Inc. is set to release its fourth quarter and full year 2025 financial results along with its 2026 outlook on February 5, 2026, before the New York Stock Exchange opens [1]. Group 1: Financial Results and Outlook - The financial results for the fourth quarter and full year 2025 will be discussed in a conference call scheduled for 8:30 a.m. ET on February 5, 2026 [1]. - A real-time audio webcast of the presentation will be available, along with related materials prior to the presentation [2]. Group 2: Company Overview - ITT is a diversified manufacturer specializing in highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets [3]. - The company is headquartered in Stamford, Connecticut, and operates in over 35 countries with sales in approximately 125 countries [3].
ITT Maintains Investment Grade Ratings with Stable Outlook Following Announcement of SPX FLOW Acquisition and Successful Equity Offering
Businesswire· 2025-12-16 11:30
Core Viewpoint - ITT Inc. has received reaffirmation of its investment grade credit ratings from major ratings agencies following its agreement to acquire SPX FLOW and the completion of a $1.31 billion public offering of common stock [1][2]. Group 1: Credit Ratings Reaffirmation - Moody's affirmed ITT's senior unsecured rating at Baa1 and commercial paper rating at Prime-2, both with a stable outlook, citing ITT's diversified operating model, consistent earnings, and strong cash generation [4]. - S&P Global Ratings affirmed its BBB issuer credit rating and A-2 short-term rating for ITT, noting that ITT's history of prudent capital management supports the stable outlook despite a near-term rise in leverage [4]. - Fitch Ratings affirmed ITT's BBB+ long-term Issuer Default Rating and F1 short-term rating, both with a stable outlook, highlighting ITT's conservative capital structure, strong free cash flow, and commitment to reducing leverage below 2x within two years post-acquisition [4]. Group 2: Financial Strategy and Position - ITT has successfully completed a $1.31 billion equity offering, strengthening its balance sheet to fund the SPX FLOW acquisition [2]. - The company is committed to deleveraging quickly by implementing a synergy plan and enabling SPX FLOW's growth to maintain its investment grade ratings [2]. - ITT's strong financial position and focus on execution are positioned for long-term value creation [2]. Group 3: Company Overview - ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets [3]. - The company is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries [3].