ITT Q3 EPS $1.23 beats prior year; raises organic revenue growth guidance to 12%

ITT INC.

2022-Q3 EPS reported $3.00 revenue$2,213,100,000

Revenue $753.6M (+9.3% reported, +14.9% organic); segment operating margin 17.6% (+150 bps YoY).
Adjusted EPS $1.20 (+21.2% YoY); Q3 EPS $1.23; driven by pricing recovery and volume gains.
Raised FY2022 guidance: organic revenue growth raised to 12%, segment op margin ~17.0%, adjusted EPS $4.35-$4.45.
Order backlog exceeds $1B; double-digit organic order growth across industrial process, connectors, and aerospace & defense.
YTD free cash flow $41.5M vs -$180.5M prior year; capital deployed over $560M in 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ITT INC. updated its the third quarter ended October 1, 2022 guidance (reaffirmed).

Period: the third quarter ended October 1, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 3, 2022, ITT Inc. issued a press release reporting the financial results for the third fiscal quarter ended October 1, 2022.

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Source: SEC EDGAR

accession 0001157523-22-001496

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