Itt Inc Stock Price, News & Analysis

ITT Inc. (NYSE: ITT) has announced that CEO Luca Savi and CFO Emmanuel Caprais will present at the Baird Global Industrial Virtual Conference on November 9, 2021, from 11:25 a.m. to 11:55 a.m. ET. A real-time audio webcast of the presentation can be accessed at www.itt.com/investors, along with related materials. A replay will be available for 30 days. ITT, headquartered in White Plains, N.Y., manufactures critical components and technology solutions for various industries.

ITT Inc. (NYSE: ITT) will release its third quarter financial results after market close on November 3, 2021. A conference call is scheduled for November 4 at 8:30 a.m. ET to discuss the results. Participants can join the call by dialing +1 (203) 518-9713 and using ID#: ITTQ321. A replay will be available from the end of the call until November 11, 2021. ITT is a key manufacturer of critical components for transportation, industrial, and energy markets, headquartered in White Plains, N.Y., with operations in over 35 countries.

ITT Inc. (NYSE: ITT) has declared a quarterly dividend payment of $0.22 per share on its common stock, payable on December 30, 2021. Shareholders of record as of December 13, 2021 will receive this payment. ITT is a leading manufacturer providing critical components primarily for the transportation, industrial, and energy sectors, and has a global presence with operations in over 35 countries.

ITT Inc. has appointed Bartek Makowiecki as Senior Vice President of Strategy and Business Development, effective immediately. Reporting to CEO Luca Savi, Makowiecki will oversee the company's strategy and M&A activities. He joins from Ingredion, where he led global strategy and M&A efforts. Savi emphasized Makowiecki's experience as pivotal for accelerating ITT's capital deployment and enhancing shareholder value. Makowiecki holds an MBA from the Chinese University of Hong Kong and a degree in international business and finance from Regents University, U.K.

On August 12, 2021, ITT Inc. announced a quarterly dividend of $0.22 per share on its common stock. This payment is scheduled for October 4, 2021, with shareholders of record by September 13, 2021. ITT operates as a diversified manufacturer in critical components and technology solutions, serving the transportation, industrial, and energy markets globally. The company is headquartered in White Plains, N.Y., and operates in over 35 countries.

ITT Inc. reported a 34% revenue increase for Q2 2021, totaling $691.6 million, driven by strong performance across all segments, particularly in Motion Technologies. The segment operating margin expanded to 16.5%, despite rising raw material costs. However, earnings per share fell by 15% to $0.45, significantly impacted by a $28 million loss from the divestiture of InTelCo Management. Adjusted EPS rose 65% to $0.94. The company anticipates 22-27% growth in adjusted EPS for the year, raising its revenue growth guidance to 11-13%. ITT divested legacy asbestos liabilities with the InTelCo sale.

ITT Inc. (NYSE: ITT) has expanded its small-bore shock-absorber line with the introduction of the new PXR (Platinum Extended Range) Series from its subsidiary, Enidine. This series features RoHS-compliant materials and a tamper-proof design, ensuring consistent performance in various industrial applications. Key benefits include a small form factor, flexible mounting options, and adherence to ISO quality standards, making it ideal for harsh environments. ITT continues its commitment to environmentally-friendly solutions in the industrial market, enhancing its innovative product offerings.