Industrial Process (IP)

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ITT (ITT) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKSยท 2025-05-01 14:36
Core Insights - ITT reported revenue of $913 million for the quarter ended March 2025, reflecting a 0.3% increase year-over-year, with EPS at $1.45 compared to $1.42 in the same quarter last year [1] - The reported revenue met the Zacks Consensus Estimate, while the EPS exceeded expectations by 0.69% [1] Revenue Performance - Motion Technologies (MT) revenue was $346.10 million, down 11.8% year-over-year, and below the estimated $349.26 million [4] - Connect & Control Technologies (CCT) revenue reached $234.70 million, surpassing the $219.80 million estimate, marking a 26.8% increase year-over-year [4] - Industrial Process (IP) revenue was $333.30 million, slightly down 0.2% year-over-year, and below the $343.65 million estimate [4] Adjusted Operating Income - Adjusted Operating Income for Corporate was -$16.20 million, better than the estimated -$16.61 million [4] - CCT's Adjusted Operating Income was $38 million, closely matching the $38.06 million estimate [4] - MT's Adjusted Operating Income was $68.50 million, exceeding the $65 million estimate, while IP's was $69 million, slightly below the $71.28 million estimate [4] Stock Performance - ITT shares returned +2.7% over the past month, contrasting with a -0.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]