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.
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.
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.