secwatch.observer — SEC 8-K summary
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Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001157523-23-000218
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000115752323000218/0001157523-23-000218-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000115752323000218/a53305174.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000218

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