earnings
confidence high
sentiment positive
materiality 0.80
ITT Q3 beats with adjusted EPS $1.46; raises full-year guidance
ITT INC.
2024-Q3 EPS reported
$4.75
revenue$2,701,700,000
- Revenue $885.2M (+7.7% reported, +5.5% organic); operating income $207.9M (+45.3%) includes $48M gain on Wolverine sale.
- Adjusted EPS $1.46 (+6.6% YoY); full-year adjusted EPS guidance raised to $5.80-$5.86, midpoint up from prior.
- Adjusted operating margin 18.3% (+60 bps); segments: MT 31.9%, IP 20.9%, CCT 18.4%.
- Orders grew 17% (14% organic) led by pump projects, rail share, connectors; ending backlog $1.7B record.
- Dividend of $0.319 per share declared for Q4 2024, payable Dec 31 to holders of record Nov 29.