earnings
confidence high
sentiment positive
materiality 0.80
ITT Q3 EPS $1.00, adj. EPS $0.99 (+21%); raises FY adj. EPS guidance to $4.01-$4.06
ITT INC.
2021-Q3 EPS reported
$2.46
revenue$2,079,600,000
- Revenue $689.6M, +16.6% reported, +15.6% organic; EPS $1.00 vs ($0.55) loss in Q3 2020.
- Adjusted segment margin 16.8%, +60 bps; Motion Tech revenue +22.3%, IP +8.6%, CCT +16.8%.
- Operating cash flow YTD –$127.9M vs +$318.1M, largely due to InTelCo divestiture payment.
- Raising FY'21 adjusted EPS guidance to $4.01-$4.06 (+25-27%), revenue guidance unchanged at +11-13%.
- Orders growth 27% organic; backlog strong heading into 2022; share repurchases boosting EPS.