ITT Stock - ITT Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.63B | $3.28B | $2.99B | $2.77B | $2.48B |
| Gross Profit | $1.25B | $1.11B | $922.30M | $899.50M | $782.20M |
| Gross Margin | 34.4% | 33.7% | 30.9% | 32.5% | 31.6% |
| Operating Income | $676.00M | $528.20M | $468.00M | $504.30M | $226.50M |
| Net Income | $518.30M | $410.50M | $367.00M | $316.30M | $72.50M |
| Net Margin | 14.3% | 12.5% | 12.3% | 11.4% | 2.9% |
| EPS | $6.34 | $4.99 | $4.40 | $3.68 | $0.84 |
ITT Inc. manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. 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. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization and remote monitoring systems and services; and centrifugal and twin screw positive displacement pumps, as well as aftermarket solutions, such as replacement parts and services. It serves various customers in industries, such as chemical, energy, mining, and other industrial process markets. The Connect & Control Technologies segment designs and manufactures a range of engineered connectors and specialized control components for critical applications supporting various markets, including aerospace and defense, industrial, transportation, medical, and energy. This segment's connector product portfolio includes electrical connectors, such as circular, rectangular, radio frequency, fiber optic, D-sub miniature, micro-miniature, and cable assemblies, as well as control products consist of actuators, valves, and pumps and switches for flow control applications; rate controls, seat recline locks, and elastomer isolators for aircraft interiors; elastomeric bearings for rotorcraft vibration isolation; heaters, hoses, and composite ducting for environmental control systems; and advanced composites for engine applications. ITT Inc. was incorporated in 1920 and is headquartered in White Plains, New York.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 11th 2024 | Wolfe Research | Initiation | Peer Perform | - |
| November 16th 2023 | BofA Securities | Upgrade | Buy | $125← $105 |
| July 11th 2022 | BofA Securities | Downgrade | Neutral | $74← $113 |
| April 8th 2022 | UBS | Upgrade | Buy | $95← $107 |
Earnings History & Surprises
ITTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Feb 5, 2026 | $1.80 | — | — | — |
Q4 2025 | Oct 29, 2025 | $1.67 | $1.78 | +6.6% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $1.62 | $1.64 | +1.2% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $1.44 | $1.45 | +0.7% | ✓ BEAT |
Q1 2025 | Feb 6, 2025 | $1.48 | $1.50 | +1.4% | ✓ BEAT |
Q4 2024 | Oct 29, 2024 | $1.44 | $1.46 | +1.4% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $1.46 | $1.49 | +2.1% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $1.36 | $1.42 | +4.4% | ✓ BEAT |
Q1 2024 | Feb 8, 2024 | $1.34 | $1.34 | 0.0% | = MET |
Q4 2023 | Nov 2, 2023 | $1.27 | $1.37 | +7.9% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $1.18 | $1.33 | +12.7% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $1.11 | $1.17 | +5.4% | ✓ BEAT |
Q1 2023 | Feb 9, 2023 | $1.24 | $1.29 | +4.0% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $1.17 | $1.20 | +2.6% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $0.96 | $0.98 | +2.1% | ✓ BEAT |
Q2 2022 | May 3, 2022 | $0.97 | $0.97 | 0.0% | = MET |
Q1 2022 | Feb 9, 2022 | $1.05 | $1.06 | +1.0% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $0.93 | $0.99 | +6.5% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | $0.90 | $0.94 | +4.4% | ✓ BEAT |
Q2 2021 | May 7, 2021 | $0.87 | $1.06 | +21.8% | ✓ BEAT |
Latest News
ITT Prices Underwritten Public Offering Of 7M Common Shares At $167.00 To Fund SPX FLOW Acquisition
📈 PositiveDA Davidson Maintains Buy on ITT, Maintains $215 Price Target
📈 PositiveITT shares are trading lower after the company announced an underwritten public offering of its 7 million shares.
📉 NegativeITT Inc. Commences Underwritten Public Offering Of 7M Common Shares
➖ NeutralITT Announced A Definitive Agreement To Acquire SPX Flow From Lone Star Funds For $4.775B In Cash And Equity Deal
➖ Neutral'ITT Near $4.5 Billion-Plus Deal For Lone Star's SPX Flow' - Bloomberg
➖ NeutralITT Appoints Nazzic Keene As Board Chair Successor To Retiring Timothy Powers, Effective May 2026
➖ NeutralITT's Svanehøj Acquires KOHO To Add Compressor Technology And Expand Liquefied Gas Solutions For Hydrogen, LNG And Other Future Fuels
📈 PositiveITT Announced The Completion Of The Second Phase Of A Planned ~$25M Expansion Of Its Industrial Process Manufacturing Facility In Dammam, Saudi Arabia
📈 PositiveCitigroup Maintains Buy on ITT, Raises Price Target to $225
📈 PositiveKeybanc Maintains Overweight on ITT, Raises Price Target to $215
📈 PositiveITT shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY25 adjusted EPS guidance above estimates.
📈 PositiveITT Narrows FY2025 Sales Guidance from $3.813B-$3.885B to $3.849B-$3.885B vs $3.851B Est
➖ NeutralITT Raises FY2025 GAAP EPS Guidance from $5.95-$6.15 to $6.16-$6.22 vs $6.17 Est
📈 PositiveITT Raises FY2025 Adj EPS Guidance from $6.35-$6.55 to $6.62-$6.68 vs $6.52 Est
📈 PositiveITT Q3 Adj. EPS $1.78 Beats $1.67 Estimate, Sales $999.100M Beat $973.951M Estimate
📈 PositiveStifel Maintains Buy on ITT, Raises Price Target to $203
📈 PositiveTD Cowen Maintains Buy on ITT, Raises Price Target to $190
📈 PositiveB of A Securities Maintains Buy on ITT, Raises Price Target to $210
📈 PositiveKeybanc Maintains Overweight on ITT, Raises Price Target to $200
📈 PositiveFrequently Asked Questions about ITT
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