earnings
confidence high
sentiment negative
materiality 0.65
ITT Q1 adj. EPS $0.97 down 8.5%; revenue $726M up 4%; maintains FY 2022 guidance
ITT INC.
2022-Q1 EPS reported
$0.88
revenue$726,200,000
- GAAP EPS $0.88, adj. EPS $0.97; revenue $726.2M (+4% reported, +6.8% organic).
- Segment operating margin 14.6% (down 240 bps) due to significant cost inflation and Russia charge.
- Orders up 11% (organic +14%) driven by Industrial Process and Connect & Control Technologies.
- Deployed over $235M capital including $186M share repurchases; announced $140M Habonim acquisition.
- Maintains full-year revenue growth 7-9% organic and adj. EPS $4.30-$4.70; FCF guidance narrowed to $250-300M.