ITT Inc.’s (ITT) first-quarter 2025 adjusted earnings of $1.45 per share surpassed the Zacks Consensus Estimate of $1.44. The bottom line jumped 2.1% year over year, aided by an increase in sales across the Connect & Control Technologies segment.Total revenues of $913 million matched the consensus estimate. The top line increased 0.3% year over year. Organic sales were flat year over year, driven by growth in parts, service and valves in the Industrial Process segment, connectors in the Connect & Control Te ...

For the quarter ended March 2025, ITT (ITT) reported revenue of $913 million, up 0.3% over the same period last year. EPS came in at $1.45, compared to $1.42 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $913 million, representing no surprise. The company delivered an EPS surprise of +0.69%, with the consensus EPS estimate being $1.44.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

ITT (ITT) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.69%. A quarter ago, it was expected that this supplier of parts and services to a wide variety of industries would post earnings of $1.47 per share when it actually produced earnings of $1.50, delivering a surprise of 2.04%.O ...

ITT (ITT) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Welcome to ITT's twenty twenty five First Quarter Conference Call. Today is Thursday, 05/01/2025. Today's call is being recorded and will be available for replay beginning at 12PM Eastern. At this time, all participants have been placed in a listen only mode and the floor will be open for your questions following the presentation. It is now my pleasure to turn the call over to Mark McAluso, vice president, investor relations and global commun ...

ITT (ITT) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants Mark Macaluso - Vice President of Investor Relations & Global CommunicationsLuca Savi - President, CEOEmmanuel Caprais - Senior VP & CFOScott Davis - CEO & ChairmanJeffrey Hammond - Managing DirectorBrad Hewitt - VP - Equity ResearchDamian Karas - Executive Director Conference Call Participants Mike Halloran - AnalystVladimir Bystricky - VP & Equity Research AnalystJoseph Ritchie - AnalystSabrina Abrams - AnalystMichael Anastasiou ...

Q1 2025 Earnings May 1, 2025 SAFE HARBOR AND NON-GAAP DISCLOSURES Safe Harbor This presentation contains "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In addition, the accompanying conference call may include, and officers and representatives of ITT may from time to time make and discuss, projections, goals, assumptions, and statements that may constitute "forward-looking statements". These forward-loo ...

Financial Performance - ITT reported preliminary Q1 2025 revenue of over $900 million, flat on a GAAP and organic basis, driven by strength in pumps aftermarket and connectors, offset by lower aerospace demand[6]. - The company anticipates earnings per share (EPS) between $1.29 and $1.35, with adjusted EPS ranging from $1.43 to $1.45[6]. - ITT's operating margin for Q1 2025 was reported at 16.5%, with an adjusted operating margin of 17.4%[25]. - Net cash from operating activities is estimated to be between $107 million and $117 million, with free cash flow projected at $70 million to $80 million[30]. - Organic revenue growth for Q1 2025 was $871.5 million, showing a slight increase of 0.4 million compared to the previous year[22]. - Organic orders growth for Q1 2025 was $959.7 million, reflecting a 2.5% increase compared to the prior year[22]. Orders and Guidance - Orders for Q1 2025 totaled $1.0 billion, reflecting a growth of 7% or 2% on an organic basis[6]. - ITT will discuss its full year outlook and further details on its Q1 financial results during a conference call on May 1, 2025[3]. Share Repurchase and Acquisitions - The company plans to repurchase up to $500 million of its shares, with $875 million remaining under the existing $1 billion share repurchase authorization[4]. - The company maintains its commitment to executing further acquisitions while preserving its investment grade credit rating[4].

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering ITT (ITT) , which belongs to the Zacks Diversified Operations industry.This supplier of parts and services to a wide variety of industries has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 2.07%.For the most recent quarter, ITT was e ...

Financial Performance - The company reported $3.6 billion in sales across approximately 125 countries, with 67% of revenue generated outside the U.S.[21] - Sales to distributors represented approximately 30% of ITT's 2024 revenue, indicating strong relationships and distribution channels[70] - The Motion Technologies segment's sales to Continental, its largest customer, represented 17% of MT's revenue and approximately 7% of ITT's total revenue in 2024[54] - The Industrial Process segment's aftermarket solutions accounted for 43% of its revenue in 2024, providing customers with replacement parts and services[59] - In 2023, kSARIA generated approximately $175 million in sales, enhancing ITT's connector product portfolio for defense and aerospace markets[67] Workforce and Corporate Structure - The workforce consists of approximately 11,700 employees located in 39 countries[21] - As of December 31, 2024, ITT had approximately 11,700 employees across 39 countries, with 3,400 employees in the U.S. and 13% of U.S. employees represented by unions[41] - The company has not experienced any material strikes or work stoppages in recent years, indicating stable labor relations[41] - The company emphasizes competitive compensation and benefits programs, including performance-based bonuses and stock awards for employees[45] - The company is focused on talent development through effective strategies for recruiting, onboarding, and professional growth[44] Environmental and Sustainability Initiatives - The company aims to reduce global Scope 1 and 2 GHG emissions by 10% by the end of 2026 compared to 2021 levels[31] - The company is expanding its pilot program for GHG emissions measurement to include sites in Italy and China in 2024[32] - The company is investing in solar energy installations at its Orchard Park, New York, and Lancaster, Pennsylvania sites in 2024[32] - The company continues to enhance its ESG efforts to create additional value for employees, customers, and communities[39] - The company emphasizes environmental, social, and governance (ESG) practices as integral to its operations and long-term growth strategy[29] Strategic Priorities and Market Expansion - The company focuses on customer centricity, operational excellence, effective capital deployment, and sustainability as its strategic priorities[24] - The company seeks to expand into new markets and invest in new products that leverage its engineering capabilities[26] - The company has a balanced and diversified portfolio across various sectors including automotive, energy, and aerospace[22] - The company has a diverse portfolio that includes brands with strong international presence in emerging markets such as China, India, and Brazil[27] - The company continues to evaluate investments for strategic capital deployment, including close-to-core acquisitions with unique products and technologies[26] Acquisitions and Divestitures - ITT acquired Svanehøj Group A/S in January 2024, which had sales of approximately $148 million in 2023, enhancing its portfolio in cryogenic applications for the marine sector[56] - ITT acquired kSARIA Parent, Inc. in September 2024, generating approximately $175 million in sales in 2023[67] - The company divested Wolverine Advanced Materials in July 2024, focusing on core business areas and reducing automotive exposure[83] - The divestiture of Wolverine Advanced Materials and Matrix Composites, Inc. reflects a strategic shift to enhance the ITT portfolio towards pump applications and defense markets while reducing automotive exposure[83] Challenges and Risks - The company faced supply disruptions in 2024, which adversely affected product delivery and financial results due to rising demand for raw materials[74] - The company anticipates ongoing challenges related to supply chain disruptions and inflation, impacting future operations and material costs[74] - The challenges from supply chain disruptions and inflation are expected to persist into 2025, with no clear resolution in sight[74] - The company mitigated inflation impacts through fixed-price supply contracts, price increases to customers, and productivity savings[74] - The company evaluates hedging opportunities to mitigate risks associated with commodity price volatility[74] Innovation and R&D - ITT invests approximately 3% of revenue annually in research and development, focusing on innovative products like the Embedded Motor Drive and new brake pad formulations[79] - Research and Development (R&D) accounts for approximately 3% of annual revenue, focusing on innovative products like the Embedded Motor Drive (EMD) and new brake pad formulations for electric vehicles[79] - ITT is recognized as an industry leader in developing brake pads specifically for electric vehicles, winning multiple awards from OEMs[48] - The company operates under two primary manufacturing methods: build-to-order and engineer-to-order, aimed at improving delivery performance and minimizing inventory holding periods[75] Governance and Corporate Practices - The company emphasizes strong corporate governance and has implemented various governance practices over the last two decades[37] - The company recognizes the importance of ESG practices in driving long-term growth and shareholder value[29] - ITT's commitment to cybersecurity is aimed at protecting employee, customer, and partner data against evolving threats[38] - ITT's Environmental, Safety, Health and Security Council drives continuous improvement in workplace safety and health protocols[42]

Core Insights - ITT Inc. reported fourth-quarter 2024 adjusted earnings of $1.50 per share, exceeding the Zacks Consensus Estimate of $1.47, marking an 11.9% year-over-year increase driven by sales growth across most segments [1][2] - Total revenues for the quarter reached $929.0 million, surpassing the consensus estimate of $927 million, and reflecting a 12% year-over-year increase [2] Financial Performance - For the full year 2024, ITT's net revenues were $3.6 billion, a 10.6% increase year over year, with adjusted earnings of $5.86 per share, up 12.5% [3] - The Industrial Process segment generated revenues of $326.0 million, a 25% year-over-year increase, supported by strong pump projects and aftermarket demand [4] - The Motion Technologies segment reported revenues of $326 million, an 11% decrease year over year, primarily due to the divestiture of the Wolverine unit [5] - The Connect & Control Technologies segment saw revenues of $241.0 million, a 37.2% year-over-year increase, driven by favorable pricing and growth in defense and industrial connectors [6] Margin and Cost Analysis - ITT's cost of revenues increased by 12.8% year over year to $612.6 million, while gross profit rose 10.6% to $316.4 million [7] - Adjusted operating income climbed 15.5% year over year to $162.8 million, with a margin expansion of 50 basis points to 17.5% [7] Cash Flow and Capital Management - At the end of the fourth quarter, ITT had cash and cash equivalents of $439.3 million, down from $489.2 million a year earlier, with short-term borrowings increasing to $427.6 million [8] - In 2024, ITT generated net cash from operating activities of $562.6 million, up from $538.0 million in the previous year, with free cash flow at $438.7 million [9] Dividend and Future Outlook - The board of directors approved a 10% increase in the quarterly dividend rate to 35.1 cents per share, payable on March 31, 2025 [10] - For 2025, ITT expects adjusted earnings in the range of $6.10-$6.50 per share, indicating a 4-11% increase from the prior year, with revenue growth projected at 2-4% [11]