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.
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.
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.
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.
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.
ITT to Release Third Quarter 2024 Results on Tuesday, Oct. 29October 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.
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)
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
ITT Announces Participation in Investor Conferences on Feb. 22
ITT Inc. (
NYSEITT) today announced its participation in two investor conferences on Feb. 22, 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.
Gabelli Funds to Host Pump, Valve & Water Systems Symposium at The Yale Club, New York, NYRYE, N.Y., Jan. 29, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting a Pump, Valve & Water Systems Symposium at the Yale Club in New York City on Thursday, February 22, 2024. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing the opportunity to delve into the strategies and growth prospects of these companies. Prospective attendees can learn more about the symposium on our website.
