secwatch.observer — SEC 8-K summary
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Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001157523-23-000717
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITT Q1 EPS $1.20, adj $1.17, revenue $798M (+10%); raises FY adj EPS guidance
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- Revenue $797.9M (+10% YoY, organic +10.3%); EPS $1.20 (+36%), adjusted EPS $1.17 (+21%).
- Segment op margin 17.3% (+270bps); adjusted margin 17.5% (+150bps); Industrial Process revenue +31.8%.
- Motion Tech revenue -1.4% (organic +2.2%) on FX/Ukraine; CCT revenue +8.4% (organic +9.8%) on aerospace demand.
- Full-year adj EPS guidance raised to $4.65-$4.95 (up 5-11%); revenue growth 7-9% unchanged.
- Operating cash flow $58M vs -$2.7M; free cash flow $29M vs -$32.7M; acquired Micro-Mode Products.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000115752323000717/0001157523-23-000717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000115752323000717/a53392764.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000717

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