earnings
confidence high
sentiment positive
materiality 0.70
ITT Reports Q4 EPS of $1.20, Adjusted EPS $1.06; Initiates 2022 Guidance
ITT INC.
2021-FY EPS reported
$3.66
revenue$2,765,000,000
- Q4 orders up 9% (10% organic) driven by strong demand across Industrial Process and Connect & Control.
- Q4 segment operating margin 17.9%, up 100 bps; adjusted segment operating margin 18.2%, up 130 bps.
- Initiates 2022 EPS guidance of $4.22 to $4.66, adjusted EPS $4.30 to $4.70, up 11% at the midpoint.
- Announces 20% increase in quarterly dividend to $0.264 per share, payable April 4, 2022.
- 2022 revenue growth guidance of 7% to 9% (9% to 11% organic); free cash flow $300M to $325M.