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 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.
ITT Inc. has announced its investment in HPL Technologies, a German start-up specializing in rotor coating technology. The investment, made through ITT Ventures, aims to accelerate the development of WECODUR® technology, enhancing brake systems with improved durability, corrosion resistance, and reduced emissions. HPL's technology promises industry-leading performance while meeting future environmental standards. Both ITT and S-UBG now hold 10% stakes in HPL, facilitating innovation in lighter and more efficient braking solutions critical for electric vehicles.
ITT Inc. has acquired Habonim for $140 million in an all-cash transaction, bolstering its valves business to a ~$140 million platform. The acquisition, which closed in Q2 2022, is projected to enhance ITT's consolidated EBITDA margin. Based in Israel, Habonim specializes in valves for harsh applications and serves diverse markets including LNG and pharmaceuticals. This strategic move is expected to accelerate sales growth for ITT's Industrial Process segment, expanding its specialty valves portfolio and market reach in green energy applications.
ITT Inc. (NYSE: ITT) announces that CEO Luca Savi and CFO Emmanuel Caprais will present at the Bank of America Global Industrials Conference in London on March 16, 2022, from 7:25 a.m. to 8:05 a.m. ET. A real-time audio webcast will be available at www.itt.com/investors, with a replay accessible for 30 days. ITT is a leading 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) announces that CEO Luca Savi and CFO Emmanuel Caprais will present at the Gabelli Funds 32nd Annual Pump, Valve, and Water Systems Symposium on February 24, 2022, from 12:30 p.m. to 1:00 p.m. ET. A real-time audio webcast of the presentation will be available on the ITT investors’ website, with related materials posted beforehand. A replay will be accessible for 30 days. ITT is a leading manufacturer of engineered components and technology solutions for diverse markets, headquartered in White Plains, N.Y., operating in over 35 countries.
ITT Aerospace Controls, a subsidiary of ITT (NYSE: ITT), has launched an expanded aircraft component line featuring five new valves and actuators. These products enhance fluid handling systems in aerospace and defense markets, offering improved reliability and efficiency. Innovations include patented designs and advanced technologies that reduce maintenance costs and enhance operational control. The components can be utilized independently or together as a complete system, marking a significant advancement in aerospace technology.
ITT Inc. (NYSE: ITT) announced that CEO Luca Savi and CFO Emmanuel Caprais will present at the Citi 2022 Global Industrial Tech and Mobility Conference on February 24, 2022, from 8:00 a.m. to 8:40 a.m. ET. A live audio webcast of the presentation will be available on the ITT investors' website, where additional materials will be posted beforehand. A replay will be accessible for 30 days following the event. ITT specializes in engineered components and technology solutions for the transportation, industrial, and energy sectors, serving customers in over 125 countries.
ITT Inc. reported Q4 2021 results with a 3% revenue decline year-over-year, attributed to supply chain issues and a tough comparison with the prior year. Despite this, segment operating margin improved to 17.9%, up 100 bps. The company announced a 20% increase in its quarterly dividend to $0.264 per share and provided 2022 EPS guidance of $4.22 to $4.66, representing a growth of 16% to 28%. For the full year, revenue rose 12%, showcasing strength in Motion Technologies and Connect & Control. However, operating cash flows faced a significant decline.
ITT Inc. (NYSE: ITT) is set to release its fourth quarter and full year 2021 financial results on February 9, 2022, after the close of the New York Stock Exchange. A conference call will be held on February 10 at 8:30 a.m. Eastern Time to discuss the results and provide the 2022 outlook. Interested participants can join the call by dialing +1 (646) 904-5544 and using Access Code: 467739. A replay will be available until February 24, 2022. ITT is a leading manufacturer providing critical components for various markets, headquartered in White Plains, N.Y.