STOCK TITAN

ITT Inc. - ITT STOCK NEWS

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.

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.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
conferences
-
Rhea-AI Summary

ITT Aerospace Controls, a subsidiary of ITT (NYSE: ITT), has launched an expanded aircraft component line featuring five new valves and actuators. These products enhance fluid handling systems in aerospace and defense markets, offering improved reliability and efficiency. Innovations include patented designs and advanced technologies that reduce maintenance costs and enhance operational control. The components can be utilized independently or together as a complete system, marking a significant advancement in aerospace technology.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1%
Tags
none
-
Rhea-AI Summary

ITT Inc. (NYSE: ITT) announced that CEO Luca Savi and CFO Emmanuel Caprais will present at the Citi 2022 Global Industrial Tech and Mobility Conference on February 24, 2022, from 8:00 a.m. to 8:40 a.m. ET. A live audio webcast of the presentation will be available on the ITT investors' website, where additional materials will be posted beforehand. A replay will be accessible for 30 days following the event. ITT specializes in engineered components and technology solutions for the transportation, industrial, and energy sectors, serving customers in over 125 countries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
Tags
conferences
Rhea-AI Summary

ITT Inc. reported Q4 2021 results with a 3% revenue decline year-over-year, attributed to supply chain issues and a tough comparison with the prior year. Despite this, segment operating margin improved to 17.9%, up 100 bps. The company announced a 20% increase in its quarterly dividend to $0.264 per share and provided 2022 EPS guidance of $4.22 to $4.66, representing a growth of 16% to 28%. For the full year, revenue rose 12%, showcasing strength in Motion Technologies and Connect & Control. However, operating cash flows faced a significant decline.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.03%
Tags
-
Rhea-AI Summary

ITT Inc. (NYSE: ITT) is set to release its fourth quarter and full year 2021 financial results on February 9, 2022, after the close of the New York Stock Exchange. A conference call will be held on February 10 at 8:30 a.m. Eastern Time to discuss the results and provide the 2022 outlook. Interested participants can join the call by dialing +1 (646) 904-5544 and using Access Code: 467739. A replay will be available until February 24, 2022. ITT is a leading manufacturer providing critical components for various markets, headquartered in White Plains, N.Y.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
Tags
none
-
Rhea-AI Summary

ITT Inc. (NYSE: ITT) has launched the Veam MOVE-MOD™ circular connector series, designed for harsh environments and offering modular flexibility. This new product enables power, signal, and data transmission using snap-in modules tailored to specific system needs. Key features include a reduced footprint compared to rectangular connectors, toolless assembly, and enhanced locking mechanisms. The connectors boast a 500-hour salt spray resistance and are RoHS and REACH compliant, with a wide operating temperature range of -55°C to -115°C.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.58%
Tags
none
Rhea-AI Summary

ITT Inc. reported a 17% increase in revenue for Q3 2021, with organic growth at 16%, driven by strong demand across all segments. The segment operating margin rose to 16.1%, an increase of 190 basis points. Earnings Per Share (EPS) surged to $1.00, up 282% from a loss in the prior year. The company raised its 2021 EPS guidance to reflect robust performance, anticipating EPS of $4.01 to $4.06, a 25-27% increase year-over-year. However, operating cash flow declined to $(127.9) million due to working capital investments and supply chain challenges.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.86%
Tags
none
-
Rhea-AI Summary

ITT Inc. (NYSE: ITT) has announced that CEO Luca Savi and CFO Emmanuel Caprais will present at the Baird Global Industrial Virtual Conference on November 9, 2021, from 11:25 a.m. to 11:55 a.m. ET. A real-time audio webcast of the presentation can be accessed at www.itt.com/investors, along with related materials. A replay will be available for 30 days. ITT, headquartered in White Plains, N.Y., manufactures critical components and technology solutions for various industries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.39%
Tags
conferences
-
Rhea-AI Summary

ITT Inc. (NYSE: ITT) will release its third quarter financial results after market close on November 3, 2021. A conference call is scheduled for November 4 at 8:30 a.m. ET to discuss the results. Participants can join the call by dialing +1 (203) 518-9713 and using ID#: ITTQ321. A replay will be available from the end of the call until November 11, 2021. ITT is a key manufacturer of critical components for transportation, industrial, and energy markets, headquartered in White Plains, N.Y., with operations in over 35 countries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.74%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.74%
Tags
none

FAQ

What is the current stock price of ITT (ITT)?

The current stock price of ITT (ITT) is $143.68 as of December 20, 2024.

What is the market cap of ITT (ITT)?

The market cap of ITT (ITT) is approximately 11.6B.

What does ITT Inc. specialize in?

ITT Inc. specializes in manufacturing highly engineered critical components and customized technology solutions for transportation, industrial, and energy markets.

When was ITT Inc. founded?

ITT Inc. was founded in 1920.

Where is ITT Inc. headquartered?

ITT Inc. is headquartered in White Plains, New York.

What are the main business segments of ITT Inc.?

The main business segments of ITT Inc. are Motion Technologies, Industrial Process, and Connect & Control Technologies.

What products does ITT Inc. offer?

ITT Inc. offers products such as brake pads, shock absorbers, pumps, valves, connectors, switches, and more.

How many countries does ITT Inc. operate in?

ITT Inc. operates in more than 35 countries and serves customers in approximately 125 countries.

Which segment generates the most revenue for ITT Inc.?

The Motion Technologies segment generates the most revenue for ITT Inc.

What industries does the Industrial Process segment serve?

The Industrial Process segment serves industries such as oil and gas, mining, power generation, and chemicals.

Is ITT Inc. involved in aftermarket services?

Yes, ITT Inc. provides aftermarket services, especially through its Industrial Process segment.

How much revenue did ITT Inc. generate in 2012?

ITT Inc. generated $2.5 billion in revenue in 2012.

ITT Inc.

NYSE:ITT

ITT Rankings

ITT Stock Data

11.62B
80.90M
0.71%
92.06%
1.28%
Specialty Industrial Machinery
Pumps & Pumping Equipment
Link
United States of America
STAMFORD