ITT reports Q3 EPS $1.34, adj. $1.37; acquires Svanehøj for ~$395M

ITT INC.

2023-Q3 EPS reported $3.86 revenue$2,453,900,000

Q3 revenue $822.1M (+9.1% reported, +5.4% organic); segment op margin 19.1% (adj 19.4%), up 150 bps.
Q3 GAAP EPS $1.34, adjusted EPS $1.37 (+14.2% YoY); operating cash flow $170M, free cash flow $148M.
Raised full-year guidance: EPS $5.05-$5.11, adj EPS $5.15-$5.21; free cash flow >$400M.
Acquiring Svanehøj for ~$395M; cryogenic pumps for LNG/LPG; expected close Q1 2024; 2022 sales ~$140M.
October 2023 board authorized new $1B share repurchase program.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

ITT INC. reported the third quarter ended September 30, 2023 results: revenue $822.1, EPS $1.34. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $822.1
EPS: $1.34
Guidance: raised
Result: reported results

Exact text from the filing

of $368 million, up $252 million versus 2022, and free cash flow of $299 million, up $258 million versus 2022. Table 1. Third Quarter Performance Q3 2023 Q3 2022 Change Revenue $ 822.1 $ 753.6 9.1 % Organic Growth 5.4 % Segment Operating Income $ 157.3 $ 132.4 18.8 % Segment Operating Margin 19.1 % 17.6 % 150 bps Adjusted Segment Operating Income $ 159.7 $ 136.8

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

ITT INC. filing history →

Source: SEC EDGAR

accession 0001157523-23-001615

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.