secwatch.observer — SEC 8-K summary
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Issuer:     ITT INC. (ITT)
CIK:        0000216228
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001157523-23-001615
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216228/000115752323001615/0001157523-23-001615-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216228/000115752323001615/a53738939.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001615

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