Welcome to our dedicated page for Itt news (Ticker: ITT), a resource for investors and traders seeking the latest updates and insights on Itt stock.
News and updates on ITT Inc. (NYSE: ITT) focus on its activities as a diversified manufacturer of highly engineered critical components and customized technology solutions for transportation, industrial and energy markets. Company announcements often highlight strategic moves in flow technology, industrial components and global manufacturing, reflecting ITT’s role in supplying equipment and services to key infrastructure-related industries.
Investors following ITT news can expect regular coverage of earnings results, as the company reports quarterly financial performance and outlooks through press releases and conference calls. ITT also issues news on capital markets activity, such as underwritten public offerings of common stock and related financing arrangements, particularly when these support major acquisitions or portfolio changes.
A significant theme in ITT’s recent news has been mergers and acquisitions. The company has announced a definitive agreement to acquire SPX FLOW’s parent company, adding engineered equipment and process technologies for industrial, health and nutrition markets to its Industrial Process segment, subject to regulatory approvals. ITT’s Svanehøj business has also reported acquisitions in cryogenic pumps, pump integration services and compressor technology, expanding its presence in marine and liquefied gas applications.
Operational and geographic developments also appear in ITT’s news flow. Examples include expansion of its Industrial Process manufacturing facility in Saudi Arabia to support Middle East customers and updates on Svanehøj’s global footprint in marine and gas solutions. In addition, ITT announces participation in investor conferences and webcasts, providing insight into management’s views on strategy and market conditions. For readers tracking ITT, this news page offers a centralized view of financial disclosures, strategic transactions and operational milestones.
ITT Inc. (NYSE: ITT) has announced the appointment of Mary Laschinger to its Board of Directors, effective May 21, 2025. Laschinger brings extensive experience as the former CEO and Board Chair of Veritiv Corporation (2014-2020) and held multiple senior management roles at International Paper Company for over 20 years. Her expertise spans global manufacturing operations, product management, and M&A, with a proven track record of transforming underperforming business units into top-quartile performers. Laschinger currently serves on the boards of Kellanova and Dollar Tree Inc., and is a member of the Executive Advisory Council for Apollo Global Management.
ITT (NYSE: ITT) unveiled ambitious 2030 financial targets during its 2025 Capital Markets Day. The company projects more than 5% average annual organic revenue growth and approximately 10% total growth including acquisitions. ITT aims to achieve a ~23% adjusted operating margin, representing a 500+ basis points expansion from 2024 levels. The company expects to reach more than $11 in adjusted EPS from existing businesses and targets an additional $0.75-$1.00 in EPS from acquisitions, driving total EPS to over $12 by 2030.
The company plans to deploy $500-700 million annually for accretive acquisitions and targets a 14-15% free cash flow margin. CEO Luca Savi highlighted ITT's success in surpassing its 2022 targets two years ahead of schedule, emphasizing the company's focus on execution, innovation, and M&A to drive growth and profitability.
ITT Inc. (NYSE: ITT) has announced its participation in the upcoming 18th Annual Wolfe Research Global Transportation & Industrials Conference on May 22 in New York. The company's Chief Executive Officer and President Luca Savi will deliver a presentation from 8:00 to 8:30 a.m. ET. The presentation will be accessible via live audio webcast on the company's investor relations website, with replays available for 30 days afterward.
ITT is a diversified manufacturer specializing in engineered critical components and customized technology solutions for transportation, industrial, and energy markets. The company operates globally with employees across more than 35 countries and sales presence in approximately 125 countries.
ITT Inc. (NYSE: ITT) has released preliminary Q1 2025 financial results, reporting orders of $1.0 billion, showing 7% growth (2% organic), driven by pump project and connectors awards. Revenue exceeded $900 million, remaining flat on both GAAP and organic basis, with strength in pumps aftermarket, connectors and rail, offset by lower aerospace demand.
The company achieved an operating margin of 16.5% and adjusted operating margin of 17.4%, with earnings per share projected between $1.29-$1.35 and adjusted EPS of $1.43-$1.45. Net cash from operations is expected at $107-117 million, with free cash flow of $70-80 million.
Additionally, ITT announced plans to repurchase up to $500 million of shares under its existing $1 billion authorization plan, while maintaining capacity for future acquisitions and its investment grade credit rating.
ITT Inc. (NYSE: ITT) has nominated Douglas DelGrosso to its Board of Directors, with the election scheduled for May 21, 2025, subject to shareholder approval at the annual meeting. DelGrosso, who recently retired as president and CEO of Adient plc in December 2023, brings extensive global operations experience from his leadership roles in automotive and manufacturing sectors.
DelGrosso's career includes serving as president and COO of Chassix Inc. (2016-2018) and as president and CEO of Henniges Automotive (2012-2015). He currently serves on the Board of Directors of Cabot and two private companies: Pangea and Accuride Upon election, DelGrosso will be appointed to ITT's Nominating and Governance Committee.
ITT Inc. (NYSE: ITT) has announced the launch of VIDAR, a revolutionary compact smart motor with embedded variable speed intelligence, targeting a $6 billion total addressable market for industrial motors. The technology, previously known as Embedded Motor Drive (EMD), is 60% smaller than current market offerings and designed for industrial pumps and fans in harsh environments.
VIDAR addresses the inefficiency of conventional fixed-speed motors, which account for 85% of industrial pumps and fans globally. In testing, VIDAR demonstrated a 52% reduction in power consumption while maintaining the same flow rates. The smart motor serves as a drop-in replacement for existing motors, eliminating the need for special wiring, VFDs, or additional enclosures.
Initial shipments are scheduled for Q3 2025, with significant volume increases expected in 2026. The technology targets critical applications in food and beverage processing, energy production, water purification, and chemical and pharmaceutical manufacturing.
ITT (NYSE: ITT) has announced its participation in the Bank of America Global Industrials Conference 2025 in London on March 18. CEO Luca Savi and CFO Emmanuel Caprais will present from 8:50 – 9:30 a.m. local time (4:50 – 5:30 a.m. ET).
The presentation will be accessible via live audio webcast at investors.itt.com, where related materials will be available beforehand. Replay access will be provided for 30 days following the event.
ITT is a diversified manufacturer specializing in engineered critical components and customized technology solutions for transportation, industrial, and energy markets. The company operates globally with employees across 35+ countries and sales in approximately 125 countries.
ITT (NYSE: ITT) has announced its upcoming 2025 Capital Markets Day, scheduled for May 15 in New York City, starting at 1 p.m. ET. The event will feature presentations from key leadership, including CEO and President Luca Savi and CFO Emmanuel Caprais, focusing on the company's innovation strategy, execution capabilities, and M&A activities.
The event will be accessible via a real-time video webcast on the company's investor relations website, with presentation materials available beforehand and a replay option after the event. ITT, headquartered in Stamford, Connecticut, is a diversified manufacturer of engineered components and technology solutions serving transportation, industrial, and energy markets. The company maintains a global presence with employees in over 35 countries and sales operations in approximately 125 countries.