ITT Inc. - ITT STOCK NEWS

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.

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.

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.

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.

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.

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.

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.