Articles from ITT Inc.
ITT Receives Moody’s Ratings Upgrade
November 27, 2024-- ITT Inc. (NYSEITT) today announced that Moody’s Ratings (Moody’s) upgraded the company’s rating to Baa1 from Baa2. Moody’s also affirmed a Prime-2 short term commercial paper rating for ITT.
By ITT Inc. · Via Business Wire · November 27, 2024
ITT Announces Participation at UBS Global Industrials & Transportation Conference 2024 on Dec. 4
November 18, 2024-- ITT Inc. (NYSEITT) today announced its participation at the UBS Global Industrials & Transportation Conference 2024 on Dec. 4 in Palm Beach, Florida.
By ITT Inc. · Via Business Wire · November 18, 2024
ITT Releases 2024 Sustainability Report; Demonstrates Continued Progress Towards Environmental and Social Targets While Continuing Best-in-Class Governance Practices
November 12, 2024-- ITT Inc. (NYSEITT) today released its 2024 Sustainability Report, which details the company’s progress towards the sustainability targets it established in November 2022. The report also details the company’s leading position as a provider of critical green solutions in the transportation, energy and process flow markets, as well as the increased investments in clean energy across its operations globally.
By ITT Inc. · Via Business Wire · November 12, 2024
ITT Reports 2024 Third Quarter Earnings Per Share (EPS) of $1.96, Adjusted EPS of $1.46
Oct. 29, 2024-- ITT Inc. (NYSEITT) today reported financial results for the third quarter ended September 28, 2024. Revenue increased 8% versus prior year (6% organic) primarily driven by Friction and rail share gains in Motion Technologies (MT), short cycle demand in Industrial Process (IP) and connectors growth in Connect & Control Technologies (CCT). The Svanehøj and kSARIA acquisitions contributed 7% to total revenue growth, while the divestiture of Wolverine had a (4%) impact.
By ITT Inc. · Via Business Wire · October 29, 2024
ITT Announces Participation at Baird’s 2024 Global Industrial Conference on Nov. 13
October 25, 2024-- ITT Inc. (NYSEITT) today announced its participation at the Baird 2024 Global Industrial Conference on Nov. 13 in Chicago.
By ITT Inc. · Via Business Wire · October 25, 2024
ITT to Release Third Quarter 2024 Results on Tuesday, Oct. 29
October 4, 2024-- ITT Inc. (NYSEITT) will release its third quarter 2024 financial results before the opening of the New York Stock Exchange on Tuesday, Oct. 29. The company will hold a conference call at 8:30 a.m. ET on Oct. 29 to discuss its third quarter performance.
By ITT Inc. · Via Business Wire · October 4, 2024
ITT Appoints Maggie Chu, Chief Human Resources Officer at Littelfuse, Inc., to Board of Directors
Oct. 1, 2024-- ITT Inc. (NYSEITT) today announced the election of Maggie Chu to its Board of Directors. Ms. Chu currently serves as Chief Human Resources Officer of Littelfuse, Inc. NASDAQ: LFUSNASDAQLFUS)
By ITT Inc. · Via Business Wire · October 1, 2024
ITT Completes Acquisition of kSARIA, Leading Manufacturer of Mission-Critical Aerospace and Defense Connectivity Solutions
September 12, 2024-- ITT Inc. (NYSEITT) today announced the completion of its acquisition of kSARIA Parent, Inc. (kSARIA), a leading producer and supplier of mission-critical connectivity solutions for the defense and aerospace end markets. ITT previously announced the acquisition on Aug. 1, 2024. The acquisition will be funded through a combination of a ~$460 million term loan entered into today and cash on hand.
By ITT Inc. · Via Business Wire · September 12, 2024
ITT Announces Participation at D.A. Davidson’s 23rd Annual Diversified Industrials & Services Conference on Sept. 19
September 4, 2024-- ITT Inc. (NYSEITT) today announced its participation at the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference on Sept. 19 in Nashville, Tennessee.
By ITT Inc. · Via Business Wire · September 4, 2024
ITT Reports 2024 Second Quarter Earnings Per Share (EPS) of $1.45, Adjusted EPS of $1.49; Announces Portfolio Reshaping With Acquisition of Interconnect Solutions Provider kSARIA and Divestiture of Automotive Components Supplier Wolverine
August 1, 2024-- ITT Inc. (NYSEITT) today reported financial results for the second quarter ended June 29, 2024 and announced a reshaping of its portfolio to shift focus to higher growth and margin businesses.
By ITT Inc. · Via Business Wire · August 1, 2024
ITT’s Svanehøj Awarded Contract for Cryogenic Deepwell Pumps on First Ammonia-Fueled Bulk Carriers
July 11, 2024-- ITT Inc. (NYSEITT) today announced a strategic commercial agreement from its Svanehøj business, furthering the company’s leadership position in the green energy transition. Svanehøj, acquired in January 2024 by ITT, is a designer and manufacturer of specialized cryogenic deepwell and submersible pumps for the marine sector.
By ITT Inc. · Via Business Wire · July 11, 2024
ITT to Release Second Quarter 2024 Results on Thursday, Aug. 1
July 9, 2024-- ITT Inc. (NYSEITT) will release its second quarter 2024 financial results before the opening of the New York Stock Exchange on Thursday, Aug. 1. The company will hold a conference call at 8:30 a.m. ET on Aug. 1 to discuss its second quarter performance.
By ITT Inc. · Via Business Wire · July 9, 2024
ITT Announces Participation at 17th Annual Wolfe Research Global Transportation & Industrials Conference on May 22
May 8, 2024-- ITT Inc. (NYSEITT) today announced its participation at the 17th Annual Wolfe Research Global Transportation & Industrials Conference on May 22 in New York.
By ITT Inc. · Via Business Wire · May 8, 2024
ITT Reports 2024 First Quarter Earnings Per Share (EPS) of $1.34, Adjusted EPS of $1.42
May 2, 2024-- ITT Inc. (NYSEITT) today reported financial results for the first quarter ended March 30, 2024. Revenue increased 14% (9% organic), primarily driven by pump projects in Industrial Process (IP), Friction original equipment (OE) outperformance in Motion Technologies (MT) and demand strength across Connect & Control Technologies (CCT). The acquisitions of Svanehøj and Micro-Mode contributed 5% to total revenue growth. Foreign currency translation was a 1% headwind.
By ITT Inc. · Via Business Wire · May 2, 2024
ITT Recognized as 3-Star Employer by VETS Indexes for Commitment to Hiring and Developing Military Community Members
April 25, 2024-- ITT Inc. (NYSEITT) is proud to announce it has earned the designation of 3-Star Employer in the 2024 VETS Indexes Employer Awards, which evaluate employers’ policies, practices and outcomes in hiring and developing military community members. VETS Indexes is an independent provider of Environmental, Social and Governance indexes measuring the impact of organizations that support veterans and their families.
By ITT Inc. · Via Business Wire · April 25, 2024
ITT Announces Participation in Oppenheimer’s 19th Annual Industrial Growth Conference
April 16, 2024-- ITT Inc. (NYSEITT) today announced its participation in Oppenheimer’s 19th Annual Industrial Growth Conference on Tuesday, May 7. Chief Financial Officer Emmanuel Caprais will present virtually from 11:15-11:50 a.m. ET on May 7.
By ITT Inc. · Via Business Wire · April 16, 2024
ITT to Release First Quarter 2024 Results on Thursday, May 2
April 11, 2024-- ITT Inc. (NYSEITT) will release its first quarter 2024 financial results before the opening of the New York Stock Exchange on Thursday, May 2. The company will hold a conference call at 8:30 a.m. ET on May 2 to discuss its first quarter performance.
By ITT Inc. · Via Business Wire · April 11, 2024
ITT Nominates Christopher O’Shea for Election to Board of Directors
April 2, 2024-- ITT Inc. (NYSEITT) today announced the nomination of Christopher O’Shea for election to its Board of Directors at the company’s upcoming 2024 annual meeting of shareholders. Mr. O’Shea currently serves as Chief Executive Officer (CEO) of UK-based Centrica, a £30 billion energy company supplying gas, electricity and energy services and solutions with more than 20,000 employees worldwide.
By ITT Inc. · Via Business Wire · April 2, 2024
ITT Announces ~$11 Million Investment for Expanded Pump Testing Capabilities in Germany, India and Saudi Arabia to Support Growth and Large Project Awards
March 21, 2024-- ITT Inc. (NYSEITT) today announced an approximately $11 million investment to expand testing capabilities at three of its Industrial Process (IP) sites to enhance capacity for large project awards in its flow business, reinforcing the company’s commitment to an exceptional customer experience.
By ITT Inc. · Via Business Wire · March 21, 2024
ITT Announces Participation at Bank of America Global Industrials Conference 2024 on March 19
March 6, 2024-- ITT Inc. (NYSEITT) today announced its participation at the Bank of America Global Industrials Conference 2024 in London on March 19.
By ITT Inc. · Via Business Wire · March 6, 2024
ITT Names Michael Guhde President of Connect & Control Technologies (CCT) Business
February 26, 2024-- ITT Inc. (NYSEITT) today announced the appointment of Michael G. Guhde as president of its Connect & Control Technologies (CCT) business, reporting to Chief Executive Officer Luca Savi. CCT, one of ITT’s three segments, is a leading manufacturer of connectors and control components for critical applications in the aerospace, defense and industrial markets. Guhde will be based at CCT’s headquarters in Irvine, CA.
By ITT Inc. · Via Business Wire · February 26, 2024
ITT Reports 2023 Earnings Per Share (EPS) of $1.12, Adjusted EPS of $1.34 in Fourth Quarter 2023; Reports EPS of $4.97, Adjusted EPS of $5.21 for the Full Year
February 8, 2024-- ITT Inc. (NYSEITT) today reported financial results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported a year-over-year revenue increase of 7%, up 4% on an organic basis, primarily driven by higher Friction original equipment (OE) volumes in Motion Technologies (MT) and pricing actions in Connect & Control Technologies (CCT) and Industrial Process (IP). Fourth quarter results included a 2% favorable foreign currency impact, while the Micro-Mode acquisition contributed 1% to total revenue growth.
By ITT Inc. · Via Business Wire · February 8, 2024
ITT Announces Participation in Investor Conferences on Feb. 22
ITT Inc. (NYSEITT) today announced its participation in two investor conferences on Feb. 22, 2024.
By ITT Inc. · Via Business Wire · February 7, 2024
ITT to Provide Highly Engineered Pump Systems and Aftermarket Services
Feb. 5, 2024-- ITT Inc. (NYSEITT) today announced the company has signed a three-year agreement for the supply of API-610 centrifugal pump systems and related products and engineered services to ExxonMobil, one of the world’s largest international energy and petrochemical companies. The agreement contains a $50 million minimum contract commitment, with a total potential value of $80 million in revenue over the term, and represents the largest single contract ever awarded to Goulds Pumps, ITT’s industrial pumps and valves manufacturer.
By ITT Inc. · Via Business Wire · February 5, 2024
ITT Completes Acquisition of Svanehøj, Leading Provider of Customized Critical Liquid and Cryogenic Pumps
January 19, 2024-- ITT Inc. (NYSEITT) today announced the completion of its acquisition of Svanehøj Group A/S (Svanehøj), a supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector. ITT previously announced the acquisition on Nov. 1, 2023. The acquisition will be primarily funded through a €300 million term loan entered into on Jan. 12, 2024. The business will be integrated into ITT’s Industrial Process segment, a global flow leader focused on highly engineered pumps, valves and aftermarket services.
By ITT Inc. · Via Business Wire · January 19, 2024
ITT Announces New Board of Directors Appointment
Jan. 17, 2024-- ITT Inc. (NYSEITT) today announced the election of Sharon Szafranski to its Board of Directors. Ms. Szafranski currently serves as Executive Vice President of the Welding segment at Illinois Tool Works (ITW), a Fortune 200 global multi-industrial manufacturing leader with revenues of more than $15 billion in 2022. Ms. Szafranski began her career at ITW in 1994.
By ITT Inc. · Via Business Wire · January 17, 2024
ITT to Release 2023 Fourth Quarter and Full Year Results and 2024 Outlook on Thursday, Feb. 8
Jan. 11, 2024-- ITT Inc. (NYSEITT) will release its fourth quarter and full year 2023 financial results and its 2024 outlook before the opening of the New York Stock Exchange on Thursday, Feb. 8, 2024. The company will hold a conference call on Feb. 8 at 8:30 a.m. Eastern Time to discuss its 2023 results and 2024 outlook.
By ITT Inc. · Via Business Wire · January 11, 2024
ITT Reports 2023 Third Quarter Earnings Per Share (EPS) of $1.34, Adjusted EPS of $1.37
November 2, 2023-- ITT Inc. (NYSEITT) today reported financial results for the third quarter ended September 30, 2023. The company reported a year-over-year revenue increase of 9%, primarily driven by 13% growth in both Industrial Process and Connect & Control Technologies. Foreign currency translation drove a 3% favorable impact and the acquisition of Micro-Mode contributed 1% to total revenue growth.
By ITT Inc. · Via Business Wire · November 2, 2023
ITT to Acquire Svanehøj, Leading Provider of Customized Critical Liquid and Cryogenic Pumps for Liquefied Gas Applications
Nov. 1, 2023-- ITT Inc. (NYSEITT) today announced it has signed an agreement to acquire privately held Svanehøj Group A/S (Svanehøj) for ~$395 million1. The transaction is expected to close in the first quarter of 2024, subject to the receipt of customary regulatory approvals. Svanehøj will become part of ITT’s Industrial Process (IP) segment, a global leader in flow focused on highly engineered pumps, valves and aftermarket services.
By ITT Inc. · Via Business Wire · November 1, 2023
ITT Announces Quarterly Dividend of $0.290 Per Share
Oct. 31, 2023-- ITT Inc. (NYSEITT) today announced that its Board of Directors has declared a regular quarterly dividend payment of $0.290 per share on the Company’s outstanding common stock, par value $1 per share. The dividend is payable on Dec. 29, 2023 to shareholders of record of such common stock as of the close of business on Dec. 1, 2023.
By ITT Inc. · Via Business Wire · October 31, 2023
ITT Releases 2023 Sustainability Update; Announces Progress Towards Emissions Reduction and Diversity, Equity and Inclusion Targets
October 27, 2023-- ITT Inc. (NYSEITT) today released its 2023 Sustainability Update, which details the company’s progress towards the emissions reduction and diversity, equity and inclusion targets it established in November 2022.
By ITT Inc. · Via Business Wire · October 27, 2023
ITT to Release Third Quarter 2023 Results on Thursday, Nov. 2
Oct. 12, 2023-- ITT Inc. (NYSEITT) will release its third quarter 2023 financial results before the opening of the New York Stock Exchange on Thursday, Nov. 2. The company will hold a conference call at 8:30 a.m. Eastern Time on Nov. 2 to discuss its third quarter performance.
By ITT Inc. · Via Business Wire · October 12, 2023
ITT Announces New Board of Directors Appointments and $1 Billion Share Repurchase Authorization
October 4, 2023-- ITT Inc. (NYSEITT) today announced the election of Nazzic Keene and Kevin Berryman to its Board of Directors. The company also announced that its Board of Directors approved a $1 billion share repurchase authorization with an indefinite term. Repurchases under this authorization will begin upon the expiration of the current $500 million authorization.
By ITT Inc. · Via Business Wire · October 4, 2023
ITT Announces Participation at D.A. Davidson’s 22nd Annual Diversified Industrials & Services Conference
Sept. 13, 2023-- ITT Inc. (NYSEITT) today announced its participation at the D.A. Davidson 22nd Annual Diversified Industrials & Services Conference in Nashville, Tennessee on Thursday, Sept. 21.
By ITT Inc. · Via Business Wire · September 13, 2023
ITT Reports 2023 Second Quarter Earnings Per Share (EPS) of $1.31, Adjusted EPS of $1.33
August 3, 2023-- ITT Inc. (NYSEITT) today reported financial results for the second quarter ended July 1, 2023. The company reported a year-over-year revenue increase of 14%, primarily driven by 23% growth in Industrial Process (IP) and 11% growth in Motion Technologies (MT), and pricing actions across all segments. The acquisition of Micro-Mode contributed 1% to total revenue growth and foreign currency translation drove a 1% favorable impact.
By ITT Inc. · Via Business Wire · August 3, 2023
ITT Announces Quarterly Dividend of $0.290 Per Share
Aug. 1, 2023-- ITT Inc. (NYSEITT) today announced that its Board of Directors has declared a regular quarterly dividend payment of $0.290 per share on the Company’s outstanding common stock, par value $1 per share. The dividend is payable on Oct. 2, 2023 to shareholders of record of such common stock as of the close of business on Sept.1, 2023.
By ITT Inc. · Via Business Wire · August 1, 2023
ITT Names Fernando Roland President of Industrial Process Business
August 1, 2023-- ITT Inc. (NYSEITT) today announced the appointment of Fernando Roland as president of its Industrial Process (IP) business, reporting to Chief Executive Officer Luca Savi. Roland succeeds David Steblein, who retired earlier this year after more than 30 years with the company. IP, one of ITT’s three segments, is a global leader in centrifugal and twin-screw pumps for chemical, energy, mining and industrial markets.
By ITT Inc. · Via Business Wire · August 1, 2023
ITT to Release Second Quarter 2023 Results on Thursday, Aug. 3
July 5, 2023-- ITT Inc. (NYSEITT) will release its second quarter 2023 financial results before the opening of the New York Stock Exchange on Thursday, Aug. 3. The company will hold a conference call at 8:30 a.m. Eastern Time on Aug. 3 to discuss its second quarter performance.
By ITT Inc. · Via Business Wire · July 5, 2023
ITT Announces €50 Million Investment for Expansion into High-Performance Brake Pad Applications
June 22, 2023-- ITT Inc. (NYSEITT) today announced an expansion of its Friction production facility in Termoli, Italy and an upgrade of its research and development capabilities in Barge, Italy to establish a leading position in the high-performance brake pads market for luxury and sporting vehicles. Friction, a part of ITT’s Motion Technologies segment, is a leading global brake pad supplier for the automotive market.
By ITT Inc. · Via Business Wire · June 22, 2023
ITT Announces Participation at UBS Global Industrials and Transportation Conference 2023 on June 7
May 24, 2023 – ITT Inc. (NYSEITT) today announced its participation at the UBS Global Industrials and Transportation Conference 2023 in New York on Wednesday, June 7.
By ITT Inc. · Via Business Wire · May 24, 2023
ITT Announces Quarterly Dividend of $0.290 Per Share
May 10, 2023-- ITT Inc. (NYSEITT) today announced that its Board of Directors has declared a regular quarterly dividend payment of $0.290 per share on the Company’s outstanding common stock, par value $1 per share. The dividend is payable on July 3, 2023 to shareholders of record of such common stock as of the close of business on June 9, 2023.
By ITT Inc. · Via Business Wire · May 10, 2023
ITT Reports 2023 First Quarter Earnings Per Share (EPS) of $1.20, Adjusted EPS Of $1.17
May 4, 2023 -- ITT Inc. (NYSEITT) today reported financial results for the first quarter ended April 1, 2023. The company reported a year-over-year revenue increase of 10%, primarily driven by IP short-cycle demand and pump project activity, aerospace demand in CCT and pricing actions across all segments. The acquisition of Habonim contributed 2% to total revenue growth, which was offset by a 2% unfavorable impact from foreign currency translation.
By ITT Inc. · Via Business Wire · May 4, 2023
ITT Acquires Micro-Mode Products, Leading Provider of Highly Engineered Connectors for Harsh Environment Defense and Space Applications
May 3, 2023-- ITT Inc. (NYSEITT) today announced the acquisition of privately held Micro-Mode Products, Inc. (Micro-Mode) for approximately $80 million, which closed on May 2. Micro-Mode is a specialty designer and manufacturer of high-bandwidth Radio Frequency (RF) connectors for harsh environment defense and space applications.
By ITT Inc. · Via Business Wire · May 3, 2023
ITT Announces Participation in Upcoming Investor Conferences
April 25, 2023-- ITT Inc. (NYSEITT) today announced its participation in two upcoming investor conferences hosted by Oppenheimer and Goldman Sachs.
By ITT Inc. · Via Business Wire · April 25, 2023
ITT Announces ~$25 Million Commitment to Green Energy Projects to Commemorate Earth Day 2023
April 21, 2023-- ITT Inc. (NYSEITT) today announced a commitment of nearly $25 million for green energy projects to commemorate Earth Day. The projects include solar panel investments and energy efficiency initiatives, as ITT continues its progress towards the greenhouse gas reduction target outlined in its latest Sustainability Report.
By ITT Inc. · Via Business Wire · April 21, 2023
ITT to Release First Quarter 2023 Results on Thursday, May 4
April 13, 2023-- ITT Inc. (NYSEITT) will release its first quarter 2023 financial results before the opening of the New York Stock Exchange on Thursday, May 4. The company will hold a conference call at 8:30 a.m. Eastern Time on May 4 to discuss its first quarter performance.
By ITT Inc. · Via Business Wire · April 13, 2023
ITT And Continental AG Sign 10-Year Strategic Aftermarket Agreement
March 20, 2023-- ITT Inc. (NYSEITT) today announced the company has signed a 10-year strategic agreement for the supply of aftermarket brake pads to Continental AG (Continental), a leading global automotive supplier. The agreement is expected to generate more than $1 billion in revenue over the term.
By ITT Inc. · Via Business Wire · March 20, 2023
ITT Announces Participation at Bank of America Global Industrials Conference 2023 on March 21
March 2, 2023-- ITT Inc. (NYSEITT) today announced its participation at the Bank of America Global Industrials Conference 2023 in London on March 21.
By ITT Inc. · Via Business Wire · March 2, 2023
ITT Reports 2022 Fourth Quarter Earnings Per Share (EPS) of $1.39, Adjusted EPS of $1.29
February 9, 2023-- ITT Inc. (NYSEITT) today reported financial results for the fourth quarter ended December 31, 2022. The company reported a year-over-year revenue increase of 13%, up 17% on an organic basis, primarily driven by Friction OE and rail growth in Motion Technologies (MT), pump project activity in Industrial Process (IP), demand in connectors and components in Connect & Control Technologies (CCT), and pricing recovery across all segments. The acquisition of Habonim contributed 2% to total revenue growth. This was partially offset by a 6% unfavorable impact from U.S. dollar appreciation.
By ITT Inc. · Via Business Wire · February 9, 2023
ITT Announces Participation in Investor Conferences on February 23
February 2, 2023-- ITT Inc. (NYSEITT) today announced its participation in two investor conferences on February 23.
By ITT Inc. · Via Business Wire · February 2, 2023
ITT to Release 2022 Fourth Quarter and Full Year Results and 2023 Outlook on Thursday, February 9
January 5, 2023-- ITT Inc. (NYSEITT) will release its fourth quarter and full year 2022 financial results and its 2023 outlook before the opening of the New York Stock Exchange on Thursday, February 9, 2023. The company will hold a conference call on February 9 at 8:30 a.m. Eastern Time to discuss the 2022 results and 2023 outlook.
By ITT Inc. · Via Business Wire · January 5, 2023
ITT Releases 2022 Sustainability Report; Announces Emissions Reduction Targets and Diversity, Equity and Inclusion Goals
November 4, 2022-- ITT Inc. (NYSEITT) today released its 2022 Sustainability Report, which details the company’s accomplishments in 2021 on its environmental, social and governance (ESG) initiatives and sets forth reduction targets and DEI goals. The report includes enhanced disclosures across all sustainability priorities and is ITT’s first comprehensive sustainability report since 2019.
By ITT Inc. · Via Business Wire · November 4, 2022
ITT Reports 2022 Third Quarter Earnings Per Share (EPS) of $1.23, Adjusted EPS Of $1.20
November 3, 2022-- ITT Inc. (NYSEITT) today reported financial results for the third quarter ended October 1, 2022. The company reported a year-over-year revenue increase of 9%, up 15% on an organic basis, primarily driven by short-cycle and pump project growth in Industrial Process (IP), demand in connectors and components in Connect & Control Technologies (CCT), Friction OE growth in Motion Technologies (MT) and pricing recovery across all segments. The acquisition of Habonim also contributed 2% to revenue growth. This was partially offset by an 8% unfavorable impact from U.S. dollar appreciation against foreign currencies.
By ITT Inc. · Via Business Wire · November 3, 2022
ITT Announces Quarterly Dividend of $0.264 Per Share
November 1, 2022-- ITT Inc. (NYSEITT) today announced that its Board of Directors has declared a regular quarterly dividend payment of $0.264 per share on the Company’s outstanding common stock, par value $1 per share. The dividend is payable on December 30, 2022 to shareholders of record of such common stock as of the close of business on December 1, 2022.
By ITT Inc. · Via Business Wire · November 1, 2022
ITT to Release 2022 Third Quarter Results on Thursday, November 3
September 27, 2022-- ITT Inc. (NYSEITT) will release its third quarter 2022 financial results before the opening of The New York Stock Exchange on Thursday, November 3, 2022. The company will hold a conference call at 8:30 a.m. Eastern Time to discuss the 2022 third quarter results.
By ITT Inc. · Via Business Wire · September 27, 2022
ITT Expands Compact Actuation Portfolio with Acquisition of Clippard Cylinder Product Line
August 10, 2022 -- ITT Inc. (NYSEITT) announced it acquired Clippard Instrument Laboratories’ product lines of durable, low maintenance, and cost competitive interchangeable pneumatic cylinders. The product lines include stainless steel, brass and aluminum cylinders and volume tanks. These industry-leading components will expand ITT’s Compact® Automation product offering of air cylinders, and linear and rotary actuators used in applications such as robotics, packaging, and automation. The acquisition closed in the second quarter of 2022.
By ITT Inc. · Via Business Wire · August 10, 2022
ITT Reports 2022 Second Quarter Earnings Per Share (EPS) of $0.91, Adjusted EPS of $0.98
August 4, 2022--ITT Inc. (NYSEITT) today reported financial results for the second quarter ended July 2, 2022. The company reported a year-over-year revenue increase of 6.0%, up 9.6% on an organic basis, primarily driven by demand in connectors and components in CCT, short-cycle in IP, growth in Motion Technologies (MT) Friction, and pricing actions in all businesses. This was partially offset by a 5.8% unfavorable impact from U.S. dollar appreciation and reduced volumes stemming from the war in Ukraine. The acquisition of Habonim also contributed 2.2% to revenue growth.
By ITT Inc. · Via Business Wire · August 4, 2022
ITT Announces Quarterly Dividend of $0.264 Per Share
August 2, 2022 – ITT Inc. (NYSEITT) today announced that its Board of Directors has declared a regular quarterly dividend payment of $0.264 per share on the Company’s outstanding common stock, par value $1 per share. The dividend is payable on October 3, 2022 to shareholders of record of such common stock as of the close of business on September 2, 2022.
By ITT Inc. · Via Business Wire · August 2, 2022
ITT to Release 2022 Second Quarter Results on Thursday, August 4
July 12, 2022 -- ITT Inc. (NYSEITT) will release its second quarter 2022 financial results before the opening of The New York Stock Exchange on Thursday, August 4, 2022. The company will hold a conference call at 8:30 a.m. Eastern Time to discuss the 2022 second quarter results.
By ITT Inc. · Via Business Wire · July 12, 2022
ITT Hosts 2022 Investor Conference; Announces Long-Term Financial Outlook
June 16, 2022-- ITT Inc. (NYSEITT) today will host its investor conference led by Chief Executive Officer and President Luca Savi and other members of the ITT leadership team. The company will deliver a series of presentations focusing on its strategic priorities, innovative technologies, long-term vision, and financial framework. The event begins at 1 PM ET.
By ITT Inc. · Via Business Wire · June 16, 2022
ITT to Host 2022 Investor Conference on June 16
June 2, 2022 – ITT Inc. (NYSEITT) today announced it will host its investor conference on June 16, beginning at 1:00 PM ET at Current at Chelsea Piers in New York, NY. ITT’s Chief Executive Officer, Luca Savi, and Chief Financial Officer, Emmanuel Caprais, and other members of the ITT leadership team will host a series of presentations focusing on the company's strategic priorities, innovative technologies, and long-term vision.
By ITT Inc. · Via Business Wire · June 2, 2022
ITT to Present at the UBS Global Industrials and Transportation Conference 2022 on June 7
May 24, 2022-- ITT Inc. (NYSEITT) today announced that Chief Financial Officer Emmanuel Caprais will present at the UBS Global Industrials and Transportation Conference 2022 on Tuesday, June 7 from 8:00 a.m. – 8.40 a.m. ET.
By ITT Inc. · Via Business Wire · May 24, 2022
ITT Announces Quarterly Dividend of $0.264 Per Share
May 18, 2022-- ITT Inc. (NYSEITT) today announced that its Board of Directors has declared a regular quarterly dividend payment of $0.264 per share on the Company’s outstanding common stock, par value $1 per share. The dividend is payable on July 5, 2022 to shareholders of record of such common stock as of the close of business on June 17, 2022.
By ITT Inc. · Via Business Wire · May 18, 2022
ITT to Present at the Goldman Sachs Industrials and Materials Conference on May 10th
May 4, 2022-- ITT Inc. (NYSEITT) today announced that Chief Financial Officer Emmanuel Caprais will present at the Goldman Sachs Industrials and Materials Conference on Tuesday, May 10, 2022, from 9:40 a.m. – 10:15 a.m. ET.
By ITT Inc. · Via Business Wire · May 4, 2022
ITT Reports First-Quarter Earnings Per Share of $0.88, Adjusted EPS of $0.97
May 3, 2022-- ITT Inc. (NYSEITT) today reported financial results for the first quarter ended April 2, 2022. The company reported a year-over-year revenue increase of 4.0%, up 6.8% on an organic basis. This was primarily driven by strong demand for connectors and aerospace components in CCT and short-cycle products in IP, strength in Motion Technologies (MT) Friction aftermarket, and pricing actions that contributed approximately 3% to organic revenue growth – most notably in MT.
By ITT Inc. · Via Business Wire · May 3, 2022
ITT Invests $2.5 Million in Solar Power Lake in Barge, Italy
April 22, 2022 -- ITT Inc. (NYSEITT) today announced the construction of a photovoltaic lake at its largest factory in Barge, Italy, as the company ramps up its sustainability investments to reduce its carbon footprint. Consisting of approximately 3,000 solar panels, the “lake” will be about the size of four Olympic swimming pools.
By ITT Inc. · Via Business Wire · April 22, 2022
ITT to Release 2022 First Quarter Results on Tuesday, May 3
April 12, 2022-- ITT Inc. (NYSEITT) will release its first quarter 2022 financial results before the opening of The New York Stock Exchange on Tuesday, May 3, 2022. The company will hold a conference call at 8:30 a.m. Eastern Time to discuss the 2022 first quarter results.
By ITT Inc. · Via Business Wire · April 12, 2022
ITT Invests in WECODUR® Breakthrough Technology to Minimize Fine-dust Emissions in Braking Systems
April 11, 2022 -- ITT Inc. (NYSEITT) today announced its investment in HPL Technologies (HPL), a German-based technology start-up leading the rotor coating market with its groundbreaking WECODUR® technology. HPL developed WECODUR®, an innovative hard coating technology and related production machines that allows rotors to last longer, better resist corrosion, and reduce fine-dust emissions from brake systems. The investment was made jointly by ITT Ventures Fund and S-UBG, a German-based venture fund. ITT and S-UBG now each own 10 percent of HPL.
By ITT Inc. · Via Business Wire · April 11, 2022
ITT Acquires Habonim, Leading Provider of Industrial Valves and Actuators, With Annual Sales of $44 Million in 2021
April 4, 2022-- ITT Inc. (NYSEITT) today announced it has acquired privately-held Habonim for $140 million in an all-cash transaction. Habonim will become part of ITT’s Industrial Process (IP) segment. The acquisition closed in the second quarter of 2022 and is expected to be accretive to ITT’s consolidated EBITDA margin.
By ITT Inc. · Via Business Wire · April 4, 2022
ITT to Present at Gabelli Funds 32nd Annual Pump, Valve, and Water Systems Symposium on February 24th
February 21, 2022-- ITT Inc. (NYSEITT) today announced that Chief Executive Officer and President Luca Savi and Chief Financial Officer Emmanuel Caprais will present at the Gabelli Funds 32nd Annual Pump, Valve, and Water Systems Symposium on Thursday, February 24, 2022, from 12:30 p.m. – 1:00 p.m. ET.
By ITT Inc. · Via Business Wire · February 21, 2022
ITT Aerospace Controls Expands Aircraft Component Offerings with Five New Valves and Actuators for Enhanced Product Reliability
February 17, 2022-- ITT Aerospace Controls, a subsidiary of ITT Inc., (NYSEITT), announces its expanded and redesigned aircraft component line with five new valves and actuators, providing customers with market-leading solutions to control fluid handling valves used in fuel, hydraulics, water, and environmental controls systems in the aerospace and defense markets.
By ITT Inc. · Via Business Wire · February 17, 2022
ITT Reports Fourth-Quarter Earnings Per Share of $1.20, Adjusted EPS of $1.06; Initiates 2022 Guidance
February 9, 2022--ITT Inc. (NYSEITT) today reported financial results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported a year-over-year revenue decrease of 3%, down 2% on an organic basis, driven primarily by global supply chain disruptions and a tough prior year comparison related to auto OE demand, which offset strong deliveries in Connect & Control (CCT). For the full year, revenue increased 12%, or 10% on an organic basis, driven by strong demand in Motion Technologies (MT) and CCT.
By ITT Inc. · Via Business Wire · February 9, 2022
ITT to Release 2021 Fourth Quarter and Full Year Results and 2022 Outlook Wednesday, February 9; Hold Conference Call Thursday, February 10
January 19, 2022-- ITT Inc. (NYSEITT) will release its fourth quarter and full year 2021 financial results as well as its 2022 outlook after the close of The New York Stock Exchange on Wednesday, February 9, 2022. The company will hold a conference call on Thursday, February 10 at 8:30 a.m. Eastern Time to discuss the 2021 results and 2022 outlook.
By ITT Inc. · Via Business Wire · January 19, 2022
ITT Reports Strong Third-Quarter Results, Raises 2021 Outlook
November 3, 2021–– ITT Inc. (NYSEITT) today reported financial results for the third quarter ended October 2, 2021. The company delivered a year-over-year revenue increase of 17% driven by growth in Motion Technologies’ Friction aftermarket business, the connector business in Connect & Control Technologies, and short cycle demand in Industrial Process.
By ITT Inc. · Via Business Wire · November 3, 2021
ITT to Present at Baird Global Industrial Conference 2021 on November 9
October 26, 2021-- ITT Inc. (NYSEITT) today announced Chief Executive Officer and President Luca Savi and Chief Financial Officer Emmanuel Caprais will present at the Baird Global Industrial Virtual Conference on Tuesday, November 9, 2021, from 11:25 a.m. – 11:55 a.m. ET.
By ITT Inc. · Via Business Wire · October 26, 2021