ITT Q4 adjusted EPS $1.29 (+22%), revenue +13%; raises dividend 10%, guides 2023 EPS growth 7% at midpoint

ITT INC.

2022-FY EPS reported $4.38 revenue$2,987,700,000

Q4 revenue $774.6M (+13% YoY, +17.5% organic); adjusted EPS $1.29 vs $1.06 (+21.7%).
Full-year 2022 revenue $2,987.7M (+8.1%); adjusted EPS $4.44 vs $4.05 (+9.6%).
Industrial Process revenue +29.8% driven by pump projects and Habonim; segment op income +150.8% including $16M facility gain.
Quarterly dividend raised 10% to $0.29/share; payable April 3, 2023 to holders of record March 9, 2023.
2023 guidance: organic revenue growth 6-8%; adjusted EPS $4.55-$4.95 (7% growth at midpoint); FCF $350-400M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ITT INC. reported the fourth fiscal quarter ended December 31, 2022 results: revenue $ 774.6, EPS $ 1.39. Guidance initiated.

Period: the fourth fiscal quarter ended December 31, 2022
Revenue: $ 774.6
EPS: $ 1.39
Guidance: initiated
Result: reported results

Exact text from the filing

by an increase in working capital to support sales growth and to mitigate continued supply chain disruptions. Table 1. Fourth Quarter Performance Q4 2022 Q4 2021 Change Revenue $ 774.6 $ 685.4 13.0 % Organic Growth 17.5 % Segment Operating Income $ 159.4 $ 122.6 30.0 % Segment Operating Margin 20.6 % 17.9 % 270 bps Adjusted Segment Operating Income $ 144.3 $

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Source: SEC EDGAR

accession 0001157523-23-000218

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