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) has announced that CFO Emmanuel Caprais will present at the KeyBanc Capital Markets Industrial & Basic Materials Virtual Conference on June 1, 2021, from 11:20 a.m. to 11:50 a.m. ET. Interested parties can access a real-time audio webcast of the presentation at itt.com/investors, where additional materials will be available beforehand. A replay will be accessible for 30 days post-event. ITT specializes in highly engineered components and technology solutions for various industries, serving over 125 countries.
On May 13, 2021, ITT announced that CEO Luca Savi and CFO Emmanuel Caprais will present at the Bank of America Securities 2021 Virtual Transportation, Airlines, and Industrials Conference. The presentation is scheduled for May 20, 2021, from 7:20 a.m. to 7:50 a.m. ET. A real-time audio webcast will be available at www.itt.com/investors, where related materials will be posted prior to the event. A replay will be accessible for 30 days.
ITT is a leading manufacturer of engineered components and solutions in transportation, industrial, and oil and gas markets.
On May 7, 2021, ITT reported a 5% year-over-year sales increase for Q1 2021, with organic growth at 2%. Key drivers included strong performance in Friction and Connectors businesses, with a segment operating margin improvement of 530 basis points to 17.0%. Operating cash flow grew by 32% to $71 million and free cash flow surged 71% to $54 million. ITT also raised its 2021 earnings per share guidance to $3.80 to $4.00, anticipating a 19% to 25% increase over the prior year.
On May 4, 2021, ITT announced that CEO Luca Savi and CFO Emmanuel Caprais will present at the Goldman Sachs Industrial & Materials Conference on May 11, 2021, from 8:00 a.m. to 8:35 a.m. ET. The presentation will be available via a real-time audio webcast at www.itt.com/investors. A replay will be accessible for 30 days post-event. ITT is a leading manufacturer of critical components and technology solutions for various industries, headquartered in White Plains, N.Y.
ITT Inc. (NYSE: ITT) is set to report its first-quarter financial results on May 7, 2021, before the NYSE opens. The company will also hold a conference call at 9:00 a.m. ET to discuss these results. Interested parties can join the call by dialing +1 (706) 643-7542 and entering ID#: 3580229. A real-time audio webcast will be available at www.itt.com/investors. Additionally, a replay of the call will be accessible until May 21, 2021, by calling +1 (800) 585-8367 with the same ID number. ITT is a diversified manufacturer serving critical industries worldwide.
On February 22, 2021, ITT announced that its CFO, Emmanuel Caprais, will present at the Gabelli 31st Annual Pump, Valve & Water Systems Symposium on February 25, 2021, from 1:30 p.m. to 2:00 p.m. EST. The presentation will be available via a real-time audio webcast at www.itt.com/investors, with related materials posted before the event. A replay will be accessible for 30 days. ITT is a leading manufacturer of engineered components for various critical markets, operating in over 35 countries.
ITT Inc. reported its Q4 and full-year 2020 financial results, demonstrating resilience amid the pandemic. Q4 sales declined 2% year-over-year, with full-year sales down 13% to $2.478 billion. Despite challenges, the company expanded its Q4 segment operating margin by 200 basis points to 16.9%. A successful pension plan termination resulted in a non-cash charge of $137 million. Adjusted earnings per share increased 2% to $1.01, and free cash flow surged 40% to $372 million. ITT anticipates revenue growth of 5% to 7% in 2021, alongside a 30% dividend increase to $0.22 per share.
ITT Inc. (NYSE: ITT) will announce its fourth quarter and full-year 2020 financial results, along with guidance for 2021, before the NYSE opens on February 19, 2021. A conference call will follow at 9:00 a.m. EST to discuss these results and outlook. Participants can join by calling +1 (706) 643-7542 with ID# 5257154. The call will also be webcast live on ITT's investor page. A replay will be available until March 5, 2021. ITT is a major manufacturer of engineered components for transportation, industrial, and oil and gas sectors, with operations in over 35 countries.
ITT Inc. (NYSE: ITT) has appointed Mark Macaluso as vice president of investor relations, responsible for shaping the company's global investor relations strategy and acting as the primary contact for shareholders.
Macaluso brings over 12 years of experience from Honeywell, where he played key roles in financial leadership and investor relations. He has a strong track record, recognized as a top investor relations officer for three years. Macaluso's prior experience includes roles at PricewaterhouseCoopers and KPMG. ITT is a leading manufacturer in critical components, generating $2.85 billion in revenue in 2019.
Moody’s Investors Service has upgraded ITT's ratings, raising its senior unsecured debt rating to Baa2 from Baa3 and its short-term commercial paper rating to Prime-2 from Prime-3. This upgrade reflects Moody’s expectations of sustained profitability improvements and strong free cash flows while maintaining low debt levels. Additionally, the resilience of ITT's earnings and cash flow during the coronavirus pandemic contributed to this positive assessment. ITT, a manufacturer of critical components and technology solutions for various industries, reported $2.85 billion in revenues for 2019.