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.
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On April 25, 2023, ITT Inc. (NYSE: ITT) announced its participation in two key investor conferences. CEO Luca Savi and CFO Emmanuel Caprais are set to present virtually at Oppenheimer's 18th Annual Industrial Growth Conference on May 8 at 2:15 p.m. ET, followed by the Goldman Sachs Industrials and Materials Conference on May 9 at 9:20 a.m. ET in New York. Both presentations will be available via live webcast at investors.itt.com, with replays accessible for 30 days. Founded in Stamford, Connecticut, ITT is a leading manufacturer specializing in engineered components and technology solutions across industries including transportation and energy.
ITT Inc. (NYSE: ITT) will announce its first quarter 2023 financial results on May 4, 2023, before the NYSE opens. A conference call is scheduled for 8:30 a.m. Eastern Time on the same day to discuss the results. Participants can join the call by dialing +1 (929) 526-1599 and using the Access Code: 519839. The call will also be available via a live audio webcast at https://investors.itt.com. A replay of the call will be accessible until May 18, 2023, by calling +1 (866) 813-9403 with Access Code: 568794. ITT is a diversified manufacturer providing critical components and technology solutions for various markets, headquartered in Stamford, Connecticut, and operating globally.
ITT Inc. has signed a 10-year agreement with Continental AG for the supply of aftermarket brake pads, anticipated to generate over $1 billion in revenue through 2033. ITT Friction Technologies will supply exclusive copper-free and ceramic brake pads to Continental, enhancing their ATE premium line. This contract builds on a partnership lasting over 45 years and is crucial as sales to Continental constituted approximately 8% of total ITT revenue in 2022. The agreement commences on January 1, 2024, ensuring continued collaboration in the automotive aftermarket.
ITT Inc. (NYSE: ITT) announced its participation in the Bank of America Global Industrials Conference on March 21, 2023, in London. CEO Luca Savi and CFO Emmanuel Caprais will present from 9:05-9:45 a.m. ET. Investors can access a real-time audio webcast of the presentation starting two weeks prior to the event at investors.itt.com, with a replay available for 30 days. ITT is a leading manufacturer of engineered components and technology solutions across several markets, headquartered in Stamford, Connecticut, employing staff across 35 countries.
ITT Inc. reported a 13% revenue growth in Q4 2022, with 17% organic growth, driven by pricing recovery and increased volume, particularly in connectors and aerospace. The company's EPS increased 16% to $1.39, with adjusted EPS up 22% to $1.29. A 10% rise in quarterly dividend to $0.29 per share was also announced. Full-year revenue for 2022 reached $2.99 billion, up 8.1%, with significant operating cash flow improvements. The company initiated 2023 guidance forecasting revenue growth of 7% to 9% and EPS between $4.38 and $4.78, reflecting confidence in future performance and operational efficiency.
ITT Inc. (NYSE: ITT) announced its participation in two investor conferences on February 23, 2023. CEO Luca Savi and CFO Emmanuel Caprais will present at Citibank's Global Industrial Tech and Mobility Conference in Miami from 8:50-9:30 a.m. ET and virtually at the 33rd Annual Gabelli Pump, Valve & Water Systems Symposium in New York from 12:30-1 p.m. ET. A live audio webcast of both presentations will be available on ITT's investor relations website, with replays accessible for 30 days. ITT, headquartered in Stamford, Connecticut, is a diversified manufacturer delivering critical components and technology solutions across transportation, industrial, and energy markets.
ITT Inc. announced it will release its fourth quarter and full year 2022 financial results on February 9, 2023, before the New York Stock Exchange opens. A conference call will take place at 8:30 a.m. ET to discuss these results and the 2023 outlook.
Participants can join the call by dialing +1 (929) 526-1599 and providing Access Code: 690547. An audio webcast will be available at investors.itt.com.