secwatch.observer — SEC 8-K summary
======================================

Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001157523-22-000533
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITT Q1 adj. EPS $0.97 down 8.5%; revenue $726M up 4%; maintains FY 2022 guidance
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000115752322000533/0001157523-22-000533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000115752322000533/a52704447.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000533

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