ITT (ITT) - 2024 Q1 - Earnings Call Presentation

Q1 2023 Q4 2023 Q1 2024 • Strength in IP service and valves; short cycle +9% sequentially Q1 SUMMARY RESULTS $798M $911M Q1 2023 Q1 2024 +23% + Shop floor productivity + >200 bps pump projects margin improvement $1.17 $1.42 1 Q1 2023 Q1 2024 0.5 0.6 0.7 0.8 0.9 1.1 1.2 1.3 1.4 + Profitable growth FREE CASH FLOW - A/R collections timing, higher incentive compensation All results unaudited. Comparisons to Q1 2023 unless otherwise noted. For non-GAAP reconciliations, refer to appendix. M&A, net Strategic Initi ...