Welcome to our dedicated page for Itt news (Ticker: ITT), a resource for investors and traders seeking the latest updates and insights on Itt stock.
News and updates on ITT Inc. (NYSE: ITT) focus on its activities as a diversified manufacturer of highly engineered critical components and customized technology solutions for transportation, industrial and energy markets. Company announcements often highlight strategic moves in flow technology, industrial components and global manufacturing, reflecting ITT’s role in supplying equipment and services to key infrastructure-related industries.
Investors following ITT news can expect regular coverage of earnings results, as the company reports quarterly financial performance and outlooks through press releases and conference calls. ITT also issues news on capital markets activity, such as underwritten public offerings of common stock and related financing arrangements, particularly when these support major acquisitions or portfolio changes.
A significant theme in ITT’s recent news has been mergers and acquisitions. The company has announced a definitive agreement to acquire SPX FLOW’s parent company, adding engineered equipment and process technologies for industrial, health and nutrition markets to its Industrial Process segment, subject to regulatory approvals. ITT’s Svanehøj business has also reported acquisitions in cryogenic pumps, pump integration services and compressor technology, expanding its presence in marine and liquefied gas applications.
Operational and geographic developments also appear in ITT’s news flow. Examples include expansion of its Industrial Process manufacturing facility in Saudi Arabia to support Middle East customers and updates on Svanehøj’s global footprint in marine and gas solutions. In addition, ITT announces participation in investor conferences and webcasts, providing insight into management’s views on strategy and market conditions. For readers tracking ITT, this news page offers a centralized view of financial disclosures, strategic transactions and operational milestones.
ITT Inc. (NYSE: ITT) announced it will release its second quarter 2022 financial results on August 4, 2022, before the New York Stock Exchange opens. A conference call to discuss these results will take place at 8:30 a.m. Eastern Time. Participants can join by dialing +1 (929) 203-1909 with Access Code: 4591917. A real-time audio webcast will also be available on the company’s investor relations website. A replay of the call will be accessible until August 18, 2022.
On June 16, 2022, ITT hosted its first investor conference since 2011 in Stamford, Connecticut. The event included presentations from CEO Luca Savi and the leadership team, focusing on strategic priorities, innovative technologies, and long-term financial targets. ITT aims for 5-7% revenue growth and over 10% adjusted earnings per share growth, alongside a free cash flow margin of 11-13%. The company highlighted its strong market position in electrification and sustainability across its business segments, reinforcing its commitment to delivering value to shareholders.
ITT Inc. (NYSE: ITT) announced its investment in CRP Technology and CRP USA, acquiring 46% and 33% stakes, respectively. CRP leads in developing high-performance composite materials for 3D printing, catering to aerospace, defense, and automotive industries. This strategic move allows ITT to enhance its material science expertise and tap into the growing additive manufacturing market. The partnership is expected to accelerate CRP's growth and drive innovation in producing sustainable and durable solutions for various applications.
ITT Inc. (NYSE: ITT) announced its upcoming investor conference scheduled for June 16, 2022, at 1:00 PM ET, at Current at Chelsea Piers, New York, NY. The event will feature presentations by CEO Luca Savi, CFO Emmanuel Caprais, and other leaders, focusing on strategic priorities and innovative technologies. A real-time audio webcast will be available at investors.itt.com, with materials posted prior to the presentation. A replay will be accessible for 30 days.
ITT Inc. (NYSE: ITT) announced that CFO Emmanuel Caprais will present at the UBS Global Industrials and Transportation Conference on June 7, 2022, from 8:00 a.m. to 8:40 a.m. ET. A live audio webcast of the presentation will be available on investors.itt.com, along with related materials. A replay will be accessible for 30 days after the event. ITT is a leading manufacturer in the transportation, industrial, and energy markets, headquartered in Stamford, Connecticut.
ITT Inc. has announced a quarterly dividend payment of $0.264 per share on its common stock, with a payment date set for July 5, 2022. Shareholders must be on record by June 17, 2022 to qualify. This dividend reflects ITT's commitment to returning value to shareholders while maintaining its operations in critical sectors like transportation and energy. The company continues its legacy of innovation and global reach, operating in over 35 countries and generating sales across approximately 125 countries.
ITT Inc. (NYSE: ITT) announced that Chief Financial Officer Emmanuel Caprais will present at the Goldman Sachs Industrials and Materials Conference on May 10, 2022, from 9:40 a.m. to 10:15 a.m. ET. A live audio webcast will be available on investors.itt.com, along with related materials. A replay of the presentation will be accessible for 30 days. ITT is a leading manufacturer specializing in engineered components for various markets, based in White Plains, N.Y..
ITT Inc. reported a 4% revenue increase in Q1 2022, driven by strong demand in Connect & Control Technologies with orders up 11%. Adjusted EPS declined 8.5% to $0.97 due to higher material costs and inflation. The company deployed over $235 million in capital, including $186 million for share repurchases. ITT announced the acquisition of Habonim for $140 million, enhancing its product offerings. Full-year guidance remains unchanged, forecasting 7% to 9% revenue growth and $4.07 to $4.50 EPS, despite ongoing supply chain challenges and impacts from the conflict in Ukraine.
ITT has announced the construction of a solar power lake at its Barge Innovation Center in Italy, consisting of approximately 3,000 solar panels. This $2.5 million investment aims to support 30% of the facility's energy demand and is part of ITT's long-term sustainability strategy. Expected to produce 1,065,200 kWh annually, the project will reduce CO2 emissions by 372.8 tonnes per year. Completion is scheduled by the end of 2022, reflecting ITT's commitment to environmental responsibility.
ITT Inc. (NYSE: ITT) is set to release its first quarter 2022 financial results on May 3, 2022, before the New York Stock Exchange opens. A conference call will follow on the same day at 8:30 a.m. Eastern Time to discuss these results, with participation details provided for interested stakeholders. ITT specializes in manufacturing critical components for transportation, industrial, and energy sectors, and operates globally from its base in White Plains, N.Y.
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