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ITT Inc - ITT STOCK NEWS

Welcome to our dedicated news page for ITT (Ticker: ITT), a resource for investors and traders seeking the latest updates and insights on ITT.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ITT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ITT's position in the market.

News
ITT Recognized as 3-Star Employer by VETS Indexes for Commitment to Hiring and Developing Military Community Members
Rhea-AI Summary
ITT Inc. has been recognized as a 3-Star Employer by VETS Indexes for its commitment to hiring and developing military community members. The company's efforts in supporting veterans have been acknowledged through various initiatives and programs aimed at providing opportunities for former military members.
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ITT Announces Participation in Oppenheimer’s 19th Annual Industrial Growth Conference
Rhea-AI Summary
ITT Inc. (ITT) will participate in Oppenheimer’s 19th Annual Industrial Growth Conference with CFO Emmanuel Caprais presenting virtually. The presentation will be on May 7, accessible via a live audio webcast on the company's investor relations website.
Rhea-AI Impact
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-0.2%
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ITT to Release First Quarter 2024 Results on Thursday, May 2
Rhea-AI Summary
ITT Inc. to announce first quarter 2024 financial results on May 2, 2024. Conference call scheduled for 8:30 a.m. ET. Participants can register online to receive dial-in number and unique PIN.
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0.89%
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ITT Nominates Christopher O’Shea for Election to Board of Directors
Rhea-AI Summary
ITT Inc. nominates Christopher O’Shea for election to its Board of Directors at the 2024 annual meeting. O’Shea, CEO of UK-based Centrica, brings vast global energy industry experience and strategic expertise. The move aims to align director capabilities with ITT's future growth and market expansion.
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-2.87%
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Jacobs Announces CFO Transition
Rhea-AI Summary
Jacobs Solutions Inc. appoints Kevin Berryman as interim Chief Financial Officer, reaffirms fiscal year 2024 outlook. Berryman succeeds Claudia Jaramillo, with a search for a permanent CFO initiated. The company continues to deliver positive results and aims for optimized cost structure and margin expansion.
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-1.48%
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ITT Announces ~$11 Million Investment for Expanded Pump Testing Capabilities in Germany, India and Saudi Arabia to Support Growth and Large Project Awards
Rhea-AI Summary
ITT Inc. invests $11 million to expand testing capabilities at Industrial Process sites in Germany, India, and Saudi Arabia. The investments aim to enhance capacity for large project awards in the flow business, reinforcing the company's commitment to exceptional customer experience. The upgrades will increase power capacity in pump, motor, and control systems testing, allowing for local testing of larger, more complex pump packages. The investments are set to be completed in the third quarter of 2024, supporting future growth and differentiation from competitors. ITT's CEO emphasizes the strategic importance of these investments in enhancing capabilities and customer experience to solidify ITT's position as a preferred global flow provider.
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2.47%
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ITT Announces Participation at Bank of America Global Industrials Conference 2024 on March 19
Rhea-AI Summary
ITT Inc. to participate in Bank of America Global Industrials Conference 2024 in London. CEO Luca Savi to present on March 19. Webcast available at investors.itt.com.
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0.75%
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ITT Names Michael Guhde President of Connect & Control Technologies (CCT) Business
Rhea-AI Summary
ITT Inc. appoints Michael G. Guhde as president of Connect & Control Technologies, bringing vast experience in component manufacturing. Guhde's track record includes driving growth, innovation, and customer satisfaction in previous roles.
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-0.6%
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ITT Reports 2023 Earnings Per Share (EPS) of $1.12, Adjusted EPS of $1.34 in Fourth Quarter 2023; Reports EPS of $4.97, Adjusted EPS of $5.21 for the Full Year
Rhea-AI Summary
ITT Inc. (NYSE: ITT) reported a 10% revenue growth in 2023, driven by higher volume, pricing actions, favorable foreign currency impacts, and acquisitions. The operating margin increased by 40 basis points, and the company reported an operating cash flow of $538 million, up $260 million from the previous year. The company also initiated 2024 EPS guidance up 13% at the midpoint.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.7%
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earnings
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ITT Announces Participation in Investor Conferences on Feb. 22
Rhea-AI Summary
ITT Inc. (NYSE: ITT) will be presenting at two investor conferences on Feb. 22, 2024. The company's CEO and CFO will participate in the Citibank Global Industrial Tech and Mobility Conference in Miami and the 34th Annual Gabelli Pump, Valve & Water Systems Symposium in New York. Both presentations will be available for live audio webcast and replays for 30 days.
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Stock ITT logo
ITT Inc

NYSE:ITT

ITT Rankings

#769 Ranked by Market Cap
#894 Ranked by Stock Gains
#1827 Ranked by Dividends

ITT Stock Data

10.59B
81.65M
0.63%
92.91%
1.32%
Iron and Steel Forging
Manufacturing
Link
US
White Plains

About ITT

itt is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. founded in 1920, itt is headquartered in white plains, n.y., with employees in more than 35 countries and sales in a total of approximately 125 countries. the company generated 2012 revenues of $2.5 billion. our product and service offerings are organized in four businesses that generally operate in markets where specialized engineered solutions are required to support customer needs. • industrial process manufactures engineered fluid process equipment serving customers in the oil and gas, mining, power generation, chemical and other process markets. it also is an after market service provider. • motion technologies manufactures brake pads, shock absorbers and damping technologies for global transportation markets. • interconnect solutions manufactures a wide variety of connector products for the oil and