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ITT Inc. (NYSE: ITT) is a globally recognized manufacturer of highly engineered critical components and customized technology solutions primarily serving the transportation, industrial, and energy markets. Founded in 1920 and headquartered in White Plains, NY, ITT operates with a workforce spread across more than 35 countries, catering to customers in approximately 125 countries worldwide.
The company organizes its diverse range of offerings into three major business segments:
- Motion Technologies (MT): This segment is the largest revenue generator for ITT, focusing on the manufacturing of brake pads, shims, shock absorbers, energy absorption components, and sealing technologies for the global transportation market.
- Industrial Process (IP): Specializes in engineered fluid process equipment, serving sectors such as oil and gas, mining, power generation, and chemicals. The segment is also an aftermarket service provider, ensuring long-term support for its customers.
- Connect & Control Technologies (CCT): Produces a wide variety of connector products and customized interconnect solutions for critical applications in the oil and gas sector, aerospace, defense, and industrial markets.
ITT's extensive product portfolio includes brake pads, shock absorbers, pumps, valves, connectors, and switches, among others. The company has built a strong reputation for offering specialized engineered solutions tailored to meet the unique needs of its customers.
Financially, ITT demonstrated robust performance in 2012, generating revenues of $2.5 billion. The company's strategic initiatives and innovative solutions have positioned it as a significant player in its respective markets.
In recent developments, ITT continues to expand its capabilities and market reach through strategic partnerships and investments in technology advancement. The company's commitment to excellence and innovation ensures its products and services meet the highest standards of reliability and efficiency.
ITT Inc. (NYSE: ITT) announced it will release its second quarter 2022 financial results on August 4, 2022, before the New York Stock Exchange opens. A conference call to discuss these results will take place at 8:30 a.m. Eastern Time. Participants can join by dialing +1 (929) 203-1909 with Access Code: 4591917. A real-time audio webcast will also be available on the company’s investor relations website. A replay of the call will be accessible until August 18, 2022.
On June 16, 2022, ITT hosted its first investor conference since 2011 in Stamford, Connecticut. The event included presentations from CEO Luca Savi and the leadership team, focusing on strategic priorities, innovative technologies, and long-term financial targets. ITT aims for 5-7% revenue growth and over 10% adjusted earnings per share growth, alongside a free cash flow margin of 11-13%. The company highlighted its strong market position in electrification and sustainability across its business segments, reinforcing its commitment to delivering value to shareholders.
ITT Inc. (NYSE: ITT) announced its investment in CRP Technology and CRP USA, acquiring 46% and 33% stakes, respectively. CRP leads in developing high-performance composite materials for 3D printing, catering to aerospace, defense, and automotive industries. This strategic move allows ITT to enhance its material science expertise and tap into the growing additive manufacturing market. The partnership is expected to accelerate CRP's growth and drive innovation in producing sustainable and durable solutions for various applications.
ITT Inc. (NYSE: ITT) announced its upcoming investor conference scheduled for June 16, 2022, at 1:00 PM ET, at Current at Chelsea Piers, New York, NY. The event will feature presentations by CEO Luca Savi, CFO Emmanuel Caprais, and other leaders, focusing on strategic priorities and innovative technologies. A real-time audio webcast will be available at investors.itt.com, with materials posted prior to the presentation. A replay will be accessible for 30 days.
ITT Inc. (NYSE: ITT) announced that CFO Emmanuel Caprais will present at the UBS Global Industrials and Transportation Conference on June 7, 2022, from 8:00 a.m. to 8:40 a.m. ET. A live audio webcast of the presentation will be available on investors.itt.com, along with related materials. A replay will be accessible for 30 days after the event. ITT is a leading manufacturer in the transportation, industrial, and energy markets, headquartered in Stamford, Connecticut.
ITT Inc. has announced a quarterly dividend payment of $0.264 per share on its common stock, with a payment date set for July 5, 2022. Shareholders must be on record by June 17, 2022 to qualify. This dividend reflects ITT's commitment to returning value to shareholders while maintaining its operations in critical sectors like transportation and energy. The company continues its legacy of innovation and global reach, operating in over 35 countries and generating sales across approximately 125 countries.
ITT Inc. (NYSE: ITT) announced that Chief Financial Officer Emmanuel Caprais will present at the Goldman Sachs Industrials and Materials Conference on May 10, 2022, from 9:40 a.m. to 10:15 a.m. ET. A live audio webcast will be available on investors.itt.com, along with related materials. A replay of the presentation will be accessible for 30 days. ITT is a leading manufacturer specializing in engineered components for various markets, based in White Plains, N.Y..
ITT Inc. reported a 4% revenue increase in Q1 2022, driven by strong demand in Connect & Control Technologies with orders up 11%. Adjusted EPS declined 8.5% to $0.97 due to higher material costs and inflation. The company deployed over $235 million in capital, including $186 million for share repurchases. ITT announced the acquisition of Habonim for $140 million, enhancing its product offerings. Full-year guidance remains unchanged, forecasting 7% to 9% revenue growth and $4.07 to $4.50 EPS, despite ongoing supply chain challenges and impacts from the conflict in Ukraine.
ITT has announced the construction of a solar power lake at its Barge Innovation Center in Italy, consisting of approximately 3,000 solar panels. This $2.5 million investment aims to support 30% of the facility's energy demand and is part of ITT's long-term sustainability strategy. Expected to produce 1,065,200 kWh annually, the project will reduce CO2 emissions by 372.8 tonnes per year. Completion is scheduled by the end of 2022, reflecting ITT's commitment to environmental responsibility.
ITT Inc. (NYSE: ITT) is set to release its first quarter 2022 financial results on May 3, 2022, before the New York Stock Exchange opens. A conference call will follow on the same day at 8:30 a.m. Eastern Time to discuss these results, with participation details provided for interested stakeholders. ITT specializes in manufacturing critical components for transportation, industrial, and energy sectors, and operates globally from its base in White Plains, N.Y.
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