secwatch.observer — SEC 8-K summary
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Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001157523-22-001024
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITT Q2 adjusted EPS $0.98 beats prior year; raises organic sales guidance to 10-12%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000115752322001024/0001157523-22-001024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000115752322001024/a52800787.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001024

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