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ITT Q1 2023 Earnings Report

ITT logo
$143.68 +1.15 (+0.81%)
(As of 12/20/2024 05:16 PM ET)

ITT EPS Results

Actual EPS
$1.17
Consensus EPS
$1.10
Beat/Miss
Beat by +$0.07
One Year Ago EPS
$0.97

ITT Revenue Results

Actual Revenue
$797.90 million
Expected Revenue
$777.24 million
Beat/Miss
Beat by +$20.66 million
YoY Revenue Growth
+9.90%

ITT Announcement Details

Quarter
Q1 2023
Time
Before Market Opens

Conference Call Resources

Conference Call Audio

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ITT Earnings Headlines

Short Interest in ITT Inc. (NYSE:ITT) Expands By 28.8%
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About ITT

ITT (NYSE:ITT), together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains. This segment sells its products under ITT Friction Technologies, KONI, Wolverine Advanced Materials, Axtone, Novitek, and GALT. brand names. The Industrial Process segment provides industrial pumps, valves, and plant optimization and remote monitoring systems and services; and aftermarket solutions, such as replacement parts and services. It serves various customers in industries, such as chemical, energy, mining, and other industrial process markets. This segment sells its products under Goulds Pumps, Bornemann, Engineered Valves, PRO Services, C'treat, i-ALERT, Rheinhütte Pumpen, and Habonim brand names. The Connect & Control Technologies segment designs and manufactures a range of engineered connectors and specialized products for critical applications supporting various markets, including aerospace and defense, industrial, transportation, medical, and energy. This segment provides connector products, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies; and control products consist of highly engineered actuation, flow control, energy absorption, environmental control, and composite component solutions for the aerospace, defense, and industrial markets under Cannon, VEAM, BIW Connector Systems, Aerospace Controls, Enidine, Compact Automation, Neo-Dyn Process Controls, Conoflow, and Micro-Mode brand names. The company was incorporated in 1920 and is headquartered in Stamford, Connecticut.

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