earnings
confidence high
sentiment positive
materiality 0.75
ITT Q2 adjusted EPS $0.98 beats prior year; raises organic sales guidance to 10-12%
ITT INC.
2022-Q2 EPS reported
$1.77
revenue$1,459,500,000
- Revenue $733.3M, +6% reported, +9.6% organic; orders +10% (+13% organic).
- Segment: CCT revenue +21% (+25% organic), IP +12% (+8% organic), MT -4% (+5% organic) with margin pressure.
- Capital deployment: ~$275M in Q2, including $172M for M&A and $60M share repurchases.
- FY2022 guidance: organic sales growth raised to 10-12%; adjusted EPS $4.35-$4.65, up 7%-15%.
- Operating cash flow YTD $54.2M vs outflow of $231.6M last year; free cash flow $6.7M.