ITT (ITT) - 2024 Q2 - Quarterly Results

Exhibit 99.1 ITT REPORTS 2024 SECOND QUARTER EARNINGS PER SHARE (EPS) OF $1.45, ADJUSTED EPS OF$1.49; ANNOUNCES PORTFOLIO RESHAPING WITH ACQUISITION OF INTERCONNECT SOLUTIONS PROVIDER kSARIA AND DIVESTITURE OF AUTOMOTIVE COMPONENTS SUPPLIER WOLVERINE ▪ 9% revenue growth (6% organic) driven by higher sales volumes across all segments and the acquisition of Svanehøj ▪ 60 basis points operating margin expansion to 17.6%; 100 basis points adjusted operating margin expansion to 18.0% ▪ 11% EPS growth (12% adjus ...