earnings
confidence high
sentiment positive
materiality 0.75
ITT Q4 adjusted EPS $1.34 (+4% YoY); full year EPS $4.97; initiates 2024 EPS guidance up 13% at midpoint
ITT INC.
2023-FY EPS reported
$4.96
revenue$3,283,000,000
- Q4 revenue $829M +7% YoY (organic +4.5%); FY revenue $3.28B +9.9% (organic +8.1%).
- Q4 GAAP EPS $1.12, adjusted EPS $1.34 (+3.9% YoY); FY EPS $4.97, adjusted $5.21 (+17.3%).
- Full-year operating cash flow $538M (+$260M); free cash flow $430M (+$257M).
- Quarterly dividend increased 10% to $0.319/share; payable April 1, 2024.
- 2024 guidance: organic revenue +3-6%; adjusted EPS $5.45-$5.90 (9% growth at midpoint); FCF $435-475M.