secwatch.observer — SEC 8-K summary
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Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0000216228-24-000079
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITT Q3 beats with adjusted EPS $1.46; raises full-year guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000021622824000079/0000216228-24-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000021622824000079/itt-20241029.htm
  HTML page:      https://secwatch.observer/filing/0000216228-24-000079

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