secwatch.observer — SEC 8-K summary
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Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001157523-21-001018
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITT Q2 revenue up 34% to $691.6M, raises 2021 guidance; exits asbestos liabilities
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- Q2 revenue $691.6M (+34% reported, +29% organic); segment op margin 16.5% (+930 bps).
- GAAP EPS $0.45 (-15% YoY); adjusted EPS $0.94 (+65% YoY, above 2019 level).
- Divested InTelCo (asbestos liabilities) on Jul 1; recorded $28M after-tax loss.
- Raised FY2021 guidance: organic revenue growth 8-10%; adj. EPS $3.90-$4.05 (+22-27%).
- Motion Tech revenue +72%; Friction share gains; 10 new EV platform awards in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000115752321001018/0001157523-21-001018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000115752321001018/a52472656.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001018

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