secwatch.observer — SEC 8-K summary
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Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000216228-24-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITT Q2 EPS $1.45/$1.49 adj; revenue +9% (6% organic); acquires kSARIA ($475M) and divests Wolverine ($171M)
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- Q2 revenue $905.9M (+8.6% YoY), EPS $1.45 ($1.49 adj); operating margin 17.6% (adj 18.0%).
- Acquired kSARIA for ~$475M (close Q3 2024); fiber/electrical interconnect for defense/aerospace.
- Divested Wolverine automotive coatings for ~$171M to Center Rock Capital in July 2024.
- Dividend $0.319/share payable Sept 30, record Sept 3; guidance maintained despite $0.15 EPS hit from divestiture.
- Motion Tech +23%, CCT +25% op income growth; IP flat due to restructuring costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000021622824000048/0000216228-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000021622824000048/formxearningsreleasexq22024.htm
  HTML page:      https://secwatch.observer/filing/0000216228-24-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer