ITT (US:ITT)2023-02-23 18:502022 Performance Highlights - Organic orders grew by +12%[9], marking the 7th consecutive quarter of double-digit growth[9] - Organic revenue increased by +17%[9] - Adjusted EPS grew by +22%[9] - The ending backlog reached approximately $1.1 billion[9] - Connectors saw CCT growth of +13%, while aerospace components experienced growth of +26%[4] Q4 2022 Financial Results - Q4 2022 revenue was $775 million, compared to $685 million in Q4 2021[30] - Adjusted EPS for Q4 2022 was $1.29, compared to $1.06 in Q4 2021[34] - The company experienced a +660 bps price impact on margins in Q4[24] Full Year 2022 Financial Results - Full year 2022 revenue reached $2.988 billion, compared to $2.765 billion in 2021[113] - Adjusted EPS for the full year 2022 was $4.44, compared to $4.05 in 2021[115] - The company achieved +12% organic revenue growth[102] 2023 Outlook - The company anticipates revenue growth of 7% to 9%, with 6% to 8% being organic[84] - Adjusted EPS is projected to be between $4.55 and $4.95, representing a +2% to +11% growth[84] - Free cash flow is expected to be between $350 million and $400 million, with a margin of +11% to +12%[84]