secwatch.observer — SEC 8-K summary
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Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001157523-23-001238
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ITT Q2 EPS $1.31, revenue up 14% YoY; raises FY2023 margin and EPS guidance
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- Revenue $833.9M, up 13.7% YoY (12.5% organic); segment operating margin 18.3% (adj. 18.7%), up 270 bps.
- EPS $1.31 (+44%), adjusted EPS $1.33 (+36%); driven by volume, pricing, and share repurchases.
- Industrial Process revenue +22.5%, operating income +69.8%; Motion Tech revenue +11.3%, op income +22.8%.
- New FY2023 guidance: segment op margin 17.4%-18.2% (adj. 17.7%-18.5%); adjusted EPS $4.95-$5.15 (up 11%-16%).
- Free cash flow Q2 $122M (+$83M); YTD free cash flow $152M, up $145M versus prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000115752323001238/0001157523-23-001238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000115752323001238/a53503535.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001238

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