Workflow
Motion Technologies
icon
Search documents
Why ITT Stock Was Pushing Higher This Week
Yahoo Finance· 2025-10-31 09:37
Core Insights - ITT's stock price increased by 6% from Monday to Thursday, indicating positive investor sentiment following the release of its third-quarter earnings [1] Financial Performance - ITT reported third-quarter revenue of $999 million, a 13% increase compared to the same quarter in 2024 [2] - The company's net income, not in accordance with GAAP, rose by 14% year-over-year to just under $185 million, equating to $1.78 per share [3] - ITT exceeded analyst expectations, with consensus estimates for revenue at less than $974 million and adjusted net income per share at $1.67 [4] Future Outlook - ITT raised its full-year guidance, projecting a revenue increase of 6% to 7% over 2024 [5] - The adjusted earnings per share are expected to be between $6.62 and $6.68, with the lower end representing a 13% increase from the previous year [5]
ITT (ITT) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2025-07-31 14:31
Core Insights - ITT reported revenue of $972.4 million for the quarter ended June 2025, reflecting a 7.3% increase year-over-year and surpassing the Zacks Consensus Estimate of $946.88 million by 2.7% [1] - Earnings per share (EPS) for the quarter was $1.64, up from $1.49 in the same quarter last year, with a surprise of 1.23% compared to the consensus estimate of $1.62 [1] Revenue Performance - Motion Technologies (MT) revenue was $365.7 million, exceeding the average estimate of $361.86 million, but showing a year-over-year decline of 4.9% [4] - Connect & Control Technologies (CCT) revenue reached $251.9 million, significantly above the average estimate of $236.64 million, marking a year-over-year increase of 31.3% [4] - Industrial Process (IP) revenue was reported at $355.9 million, slightly above the average estimate of $348.57 million, with a year-over-year growth of 7.6% [4] Adjusted Operating Income - Adjusted Operating Income for Corporate was reported at -$17.4 million, compared to the average estimate of -$16.66 million [4] - Adjusted Operating Income for Connect & Control Technologies (CCT) was $45.1 million, exceeding the average estimate of $44.06 million [4] - Adjusted Operating Income for Motion Technologies (MT) was $73.8 million, above the average estimate of $70.92 million [4] - Adjusted Operating Income for Industrial Process (IP) was $77.5 million, surpassing the average estimate of $75.69 million [4] Stock Performance - ITT shares have returned -0.4% over the past month, while the Zacks S&P 500 composite has increased by 2.7% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]