Itt Inc - ITT STOCK NEWS

ITT reported strong financial results for Q4 and full year 2024. Full-year revenue grew 11% (7% organic), driven by higher volume, pricing actions, and the Svanehøj and kSARIA acquisitions. The company achieved an 18.6% operating margin, up 250 basis points, with adjusted operating margin at 17.7%.

Q4 2024 highlights include revenue increase of 12% (6% organic), operating income of $160 million (up 35% YoY), and EPS of $1.55 (up 38% YoY). Operating cash flow reached $223 million, a 31% increase.

The company deployed $1.2 billion in capital, including strategic acquisitions of Svanehøj and kSARIA, while divesting its automotive component business. ITT announced a 10% increase in quarterly dividend to $0.351 per share. For 2025, ITT projects revenue growth of 2-4%, operating margin of 18.0-18.9%, and EPS guidance of $6.05-$6.45.

ITT Inc. (NYSE: ITT) has announced its participation in three major investor conferences in February 2025. CFO Emmanuel Caprais will present at the TD Cowen 46th Annual Aerospace & Defense Conference in Washington D.C. on February 12 at 3:35 p.m. ET. CEO and President Luca Savi will present at the Citi 2025 Global Industrial Tech and Mobility Conference in Miami on February 20 at 8 a.m. ET. Caprais will also present at the Gabelli 35th Annual Pump, Valve & Water Systems Symposium in New York on February 27 at 10 a.m. ET.

ITT is a diversified manufacturer of engineered components and technology solutions for transportation, industrial, and energy markets. The company operates globally with employees in over 35 countries and sales in approximately 125 countries. Live audio webcasts of all presentations will be available at investors.itt.com.

ITT (NYSE: ITT) has rescheduled its investor conference call for Thursday, Feb. 6, 2025, from 8:30 a.m. to 9:30 a.m. Eastern Time. The change aims to accommodate investors and analysts facing conflicting call schedules with peer companies. During the call, ITT will present its 2024 fourth quarter and full year financial results, along with its 2025 outlook.

Participants can register online to receive dial-in information and a unique PIN, and should join ten minutes before the call. Previously registered participants' information remains valid. A real-time audio webcast will be available at investors.itt.com, with related materials provided before the presentation and a replay available two hours after the call.

ITT Inc. (NYSE: ITT) announced that its Cannon connectors have received U.S. Army qualification for deployment on the Nett Warrior soldier-worn mission command system. The MKJ Warrior Series connectors will provide connectivity for power and data hubs, combat radio systems, wearable batteries, smartphones, and tablets within the Nett Warrior ecosystem.

The Nett Warrior program represents an annual total addressable market of approximately $40 million for ITT. The system is designed to enhance soldier decision-making capabilities through detailed mapping tools and communications functions. The broader market opportunity includes U.S. spending for handheld, manpack and small form fit radios, expected to reach ~$700 million in 2025.

ITT's portfolio includes additional interconnect solutions such as the proprietary Nemesis and HDx connectors, which are used in tactical communications platforms including radios, providing further growth potential.

ITT Inc. (NYSE: ITT) has announced it will release its fourth quarter and full year 2024 financial results, along with its 2025 outlook, before the New York Stock Exchange opens on Thursday, February 6, 2025. The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss these results.

Participants can register online to receive dial-in information and a unique PIN, and are advised to join ten minutes before the call starts. A real-time audio webcast will be available on the company's investor relations website, where related materials will be posted before the presentation. A replay will be accessible two hours after the call.

ITT is described as a diversified leading manufacturer of highly engineered critical components and customized technology solutions for transportation, industrial, and energy markets. The company operates globally with employees in over 35 countries and sales in approximately 125 countries.

ITT has received a credit rating upgrade from Moody's, moving to Baa1 from Baa2, while maintaining its Prime-2 short-term commercial paper rating. The upgrade reflects Moody's confidence in ITT's sustained improvements in profitability and cash generation, along with its well-balanced financial policy. Moody's expects ITT's market share gains and strong backlog conversion to support continued operating profit growth. CEO Luca Savi attributes this upgrade to the company's consistent performance, profitable growth, strategic acquisitions, and strong cash generation capabilities.

ITT Inc. (NYSE: ITT) announced its participation in the UBS Global Industrials & Transportation Conference 2024 scheduled for December 4 in Palm Beach, Florida. Chief Financial Officer Emmanuel Caprais will deliver a presentation from 8:50-9:30 a.m. Eastern Time. The presentation will be available via live audio webcast on the company's investor relations website, with replays accessible for 30 days afterward. ITT is a leading manufacturer of engineered components and technology solutions for transportation, industrial, and energy markets, operating in over 35 countries with sales in approximately 125 countries.

ITT has released its 2024 Sustainability Report, highlighting progress toward targets set in November 2022. The company achieved a 5% reduction in Scope 1 and 2 emissions compared to 2021, representing a 20% decrease on a revenue-weighted intensity basis. Revenue from electric and emissions-reducing products increased to 15% of total revenue, up 300 basis points from 2022, including the Svanehøj acquisition.

Key achievements include: 63% of global sites reporting zero safety incidents, a 3% increase in recycled materials compared to 2021, and a 58% increase in philanthropic spending. The company continues to focus on sustainable operations, innovative environmental technologies, and fostering workplace inclusivity while maintaining strong governance practices through Board refreshment.

ITT reported strong Q3 2024 results with revenue increasing 8% (6% organic) to $885.2 million. EPS grew 46% to $1.96, while adjusted EPS rose 7% to $1.46. The company saw 17% orders growth driven by pump projects, rail gains, and connectors demand. Operating margin expanded 610 basis points to 23.5%, including a $48 million gain from the Wolverine divestiture. Notable performance includes revenue growth across all segments, with Industrial Process up 19.3%, Connect & Control Technologies up 12.6%, while Motion Technologies decreased 4.1% due to the Wolverine sale. The company raised its full-year guidance, expecting revenue growth of 10-12% and adjusted EPS of $5.80-$5.86.