ITT Inc. - ITT STOCK NEWS

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.

ITT Inc. has announced its investment in HPL Technologies, a German start-up specializing in rotor coating technology. The investment, made through ITT Ventures, aims to accelerate the development of WECODUR® technology, enhancing brake systems with improved durability, corrosion resistance, and reduced emissions. HPL's technology promises industry-leading performance while meeting future environmental standards. Both ITT and S-UBG now hold 10% stakes in HPL, facilitating innovation in lighter and more efficient braking solutions critical for electric vehicles.

ITT Inc. has acquired Habonim for $140 million in an all-cash transaction, bolstering its valves business to a ~$140 million platform. The acquisition, which closed in Q2 2022, is projected to enhance ITT's consolidated EBITDA margin. Based in Israel, Habonim specializes in valves for harsh applications and serves diverse markets including LNG and pharmaceuticals. This strategic move is expected to accelerate sales growth for ITT's Industrial Process segment, expanding its specialty valves portfolio and market reach in green energy applications.

ITT Inc. (NYSE: ITT) announces that CEO Luca Savi and CFO Emmanuel Caprais will present at the Bank of America Global Industrials Conference in London on March 16, 2022, from 7:25 a.m. to 8:05 a.m. ET. A real-time audio webcast will be available at www.itt.com/investors, with a replay accessible for 30 days. ITT is a leading manufacturer of critical components for transportation, industrial, and energy markets, headquartered in White Plains, N.Y., with operations in over 35 countries.

ITT Inc. (NYSE: ITT) announces that CEO Luca Savi and CFO Emmanuel Caprais will present at the Gabelli Funds 32nd Annual Pump, Valve, and Water Systems Symposium on February 24, 2022, from 12:30 p.m. to 1:00 p.m. ET. A real-time audio webcast of the presentation will be available on the ITT investors’ website, with related materials posted beforehand. A replay will be accessible for 30 days. ITT is a leading manufacturer of engineered components and technology solutions for diverse markets, headquartered in White Plains, N.Y., operating in over 35 countries.