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.
ITT Inc (ITT) delivers engineered components and technology solutions for critical industrial, transportation, and energy applications. This page aggregates official announcements, financial updates, and strategic developments from the global manufacturer.
Investors and industry professionals will find timely updates on earnings reports, product innovations, and operational milestones. Track coverage of ITT's Motion Technologies division, Industrial Process equipment advancements, and Connect & Control Technologies' aerospace solutions.
The repository includes press releases on acquisitions, sustainability initiatives, and leadership updates. Content is organized to highlight ITT's role in enabling mission-critical systems across manufacturing and infrastructure sectors.
Bookmark this page for direct access to verified corporate communications. Combine regular visits with Stock Titan's portfolio tools to monitor ITT's market position and engineering developments.
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.
On July 13, 2021, ITT announced it will release its second quarter financial results post-market on August 5, 2021. A conference call is scheduled for August 6 at 8:30 a.m. ET, allowing participants to discuss the results. The earnings release will be accessible on the ITT investor relations website. ITT is a renowned manufacturer providing engineered components and technology solutions for transportation, industrial, and oil and gas sectors, with a global presence in over 125 countries.
On July 1, 2021, ITT announced the divestment of InTelCo Management LLC to Delticus HoldCo, L.P. This strategic move is part of ITT's plan to mitigate legacy asbestos liabilities, alongside a previous U.S. pension plan termination. ITT contributed approximately $398 million in cash to InTelCo, resulting in a one-time after-tax loss of about $27 million. The transaction simplifies ITT's balance sheet, enhancing its focus on core operations and growth initiatives.
MSA Safety, the global leader in safety products, has appointed Luca Savi, CEO of ITT, to its Board of Directors. This decision was announced on June 29, 2021, by MSA’s President, Nish Vartanian. Savi brings extensive international experience and leadership from his roles in Europe, China, and the U.S., which MSA believes will bolster its strategic growth efforts, especially in international markets. Savi’s background includes key positions at ITT and Comau, as well as industry experience with Shell and Honeywell. MSA reported 2020 revenues of $1.35 billion.
June 4, 2021 -- ITT Inc. (NYSE: ITT) has announced a quarterly dividend of $0.22 per share, payable on July 6, 2021, to shareholders on record as of June 21, 2021. ITT is a leading manufacturer providing critical components and customized technology solutions for various markets including transportation and oil and gas. With a strong global presence, ITT aims to deliver enduring solutions to vital industries.
On June 2, 2021, ITT announced that CEO Luca Savi will present at the UBS Global Industrials and Transportation Virtual Conference on June 8, 2021, from 1:00 p.m. to 1:45 p.m. ET. The presentation will be accessible via a real-time audio webcast on ITT's investor relations page, where related materials will be posted ahead of the event. A replay of the presentation will be available for 30 days post-event. ITT is a leading manufacturer providing critical components and technology solutions for key industries, headquartered in White Plains, N.Y.
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