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. reports developments tied to its diversified manufacturing business in transportation, industrial and energy markets. Company news commonly covers earnings, order trends, outlook updates and segment performance across Connect & Control Technologies, Motion Technologies and Flow Technologies, including aerospace and defense components, connectors, friction products, pumps, valves and aftermarket services.
Coverage also includes portfolio actions and investor communications. The completed acquisition of SPX FLOW added engineered process technologies for mixing, blending, fluid handling, separation and thermal transfer, and the former Industrial Process segment now operates as Flow Technologies.
ITT reported a 6% revenue growth for Q2 2022, driven by a 10% organic increase from strong demand in Connect & Control Technologies and Industrial Process. Orders rose 10% (13% organic), bolstered by pump, connectors, and aerospace components. The company deployed approximately $275 million, including over $60 million for share repurchases, and raised its organic sales guidance. Adjusted EPS improved by 4% year-over-year to $0.98, while operating cash flow for the year-to-date increased by $285.8 million.
ITT Inc. has announced a quarterly dividend payment of $0.264 per share for its common stock, par value $1. The dividend is set to be paid on October 3, 2022, to shareholders on record as of September 2, 2022. This decision reflects ITT's ongoing commitment to returning value to its shareholders, aligning with its strategy of maintaining a sustainable dividend policy. ITT specializes in manufacturing critical components for the transportation, industrial, and energy markets, with a strong presence in over 35 countries.
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.