Itt Inc Stock Price, News & Analysis

ITT Inc. (NYSE:ITT) has announced that its Svanehøj business has secured a significant contract to provide deepwell fuel, cargo, and stripping pumps for next-generation Ultra Large Ethane Carriers (ULECs). The contract covers two ULECs with a carrying capacity of 40 million gallons each, with delivery starting in early 2026.

Svanehøj, which generated $160 million in sales in 2024, has established itself as an industry leader in the ethane carrier segment since 2019, with its pumps currently equipped in all operating Very Large Ethane Carriers (VLECs) globally. The company's specialized cryogenic pumps feature a unique design where electrical components are placed outside the tank for easier maintenance.

This contract follows recent commercial successes including fuel pump deployments in the Black Sea region and four underground installations in the Asian LPG market. Svanehøj is part of ITT's Industrial Process segment, which generated $1.4 billion in revenue in 2024.

ITT Inc. (NYSE: ITT), a diversified manufacturer of engineered components for transportation, industrial, and energy markets, has scheduled its second quarter 2025 financial results release for Thursday, July 31, before the NYSE opening.

The company will host a conference call at 8:30 a.m. ET to discuss the quarterly performance. Participants can join via phone using the toll-free number or access the live audio webcast through ITT's investor relations website, where presentation materials will be available beforehand.

ITT (NYSE: ITT) announces the launch of VIDAR, a revolutionary compact industrial motor with embedded variable speed intelligence, at two major events in Houston. The VIDAR Unveiled event on June 24 will feature presentations from senior executives and interactive demonstrations. At Downstream USA 2025, VIDAR General Manager Dan Kernan will deliver a keynote on energy efficiency in pumps and fans. VIDAR addresses the $300 billion global fluid movement industry's energy waste problem, as 85% of industrial pumps and fans use inefficient fixed speed motors. The new motor, which is 60% smaller than existing solutions, combines variable frequency technology with enhanced efficiency. In field trials, VIDAR demonstrated over 50% energy reduction and $20,000 in savings on a single pump installation.

ITT Inc. (NYSE: ITT) has announced the appointment of Mary Laschinger to its Board of Directors, effective May 21, 2025. Laschinger brings extensive experience as the former CEO and Board Chair of Veritiv Corporation (2014-2020) and held multiple senior management roles at International Paper Company for over 20 years. Her expertise spans global manufacturing operations, product management, and M&A, with a proven track record of transforming underperforming business units into top-quartile performers. Laschinger currently serves on the boards of Kellanova and Dollar Tree Inc., and is a member of the Executive Advisory Council for Apollo Global Management.

ITT (NYSE: ITT) unveiled ambitious 2030 financial targets during its 2025 Capital Markets Day. The company projects more than 5% average annual organic revenue growth and approximately 10% total growth including acquisitions. ITT aims to achieve a ~23% adjusted operating margin, representing a 500+ basis points expansion from 2024 levels. The company expects to reach more than $11 in adjusted EPS from existing businesses and targets an additional $0.75-$1.00 in EPS from acquisitions, driving total EPS to over $12 by 2030.

The company plans to deploy $500-700 million annually for accretive acquisitions and targets a 14-15% free cash flow margin. CEO Luca Savi highlighted ITT's success in surpassing its 2022 targets two years ahead of schedule, emphasizing the company's focus on execution, innovation, and M&A to drive growth and profitability.

ITT Inc. (NYSE: ITT) has announced its participation in the upcoming 18th Annual Wolfe Research Global Transportation & Industrials Conference on May 22 in New York. The company's Chief Executive Officer and President Luca Savi will deliver a presentation from 8:00 to 8:30 a.m. ET. The presentation will be accessible via live audio webcast on the company's investor relations website, with replays available for 30 days afterward.

ITT is a diversified manufacturer specializing in engineered critical components and customized technology solutions for transportation, industrial, and energy markets. The company operates globally with employees across more than 35 countries and sales presence in approximately 125 countries.

ITT (NYSE: ITT) reported Q1 2025 financial results with EPS of $1.33 and adjusted EPS of $1.45, a 2.1% increase year-over-year. The company achieved revenue of $913 million, flat on both GAAP and organic basis. Notable highlights include 7% orders growth, surpassing $1.0 billion for the first time, and a $1.8 billion backlog, up 21% versus last year. Operating margin remained stable at 16.5%, while adjusted operating margin improved by 30 basis points to 17.4%. Free cash flow increased significantly by 154.5% to $76.6 million. The company launched VIDAR, an innovative industrial motor, entering a $6 billion addressable market. ITT updated its 2025 guidance, expecting revenue growth of 2-4% and maintaining adjusted EPS guidance of $6.10-$6.50. The company also announced a quarterly dividend of $0.351 per share.

ITT Inc. (NYSE: ITT) has released preliminary Q1 2025 financial results, reporting orders of $1.0 billion, showing 7% growth (2% organic), driven by pump project and connectors awards. Revenue exceeded $900 million, remaining flat on both GAAP and organic basis, with strength in pumps aftermarket, connectors and rail, offset by lower aerospace demand.

The company achieved an operating margin of 16.5% and adjusted operating margin of 17.4%, with earnings per share projected between $1.29-$1.35 and adjusted EPS of $1.43-$1.45. Net cash from operations is expected at $107-117 million, with free cash flow of $70-80 million.

Additionally, ITT announced plans to repurchase up to $500 million of shares under its existing $1 billion authorization plan, while maintaining capacity for future acquisitions and its investment grade credit rating.

ITT Inc. (NYSE: ITT) has nominated Douglas DelGrosso to its Board of Directors, with the election scheduled for May 21, 2025, subject to shareholder approval at the annual meeting. DelGrosso, who recently retired as president and CEO of Adient plc in December 2023, brings extensive global operations experience from his leadership roles in automotive and manufacturing sectors.

DelGrosso's career includes serving as president and COO of Chassix Inc. (2016-2018) and as president and CEO of Henniges Automotive (2012-2015). He currently serves on the Board of Directors of Cabot and two private companies: Pangea and Accuride Upon election, DelGrosso will be appointed to ITT's Nominating and Governance Committee.