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ITT Corp (ITT)
NYSE:ITT
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.43Last Year’s EPS
1.42Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -12.06%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, significant margin expansion, and successful strategic acquisitions leading to increased shareholder value. However, challenges such as the impact of the Wolverine divestiture, higher interest expenses, and temporary amortization effects were noted. Overall, the positive aspects, including strong cash flow and strategic positioning, outweigh the challenges.Company Guidance
In the call discussing ITT Inc.'s financial performance and future outlook, the management outlined several key metrics that underscored a strong 2024 and promising guidance for 2025. For 2024, the company reported 10% order growth (5% organic), leading to a backlog of $1.6 billion, which is up 34% year over year. Revenue increased by 11% (7% organic), with an operating margin expansion of 80 basis points to nearly 18%. Free cash flow was nearly $440 million, and EPS grew by 12%. Despite challenges like the Wolverine divestiture and higher interest expenses from acquisitions, ITT Inc. achieved significant margin expansions, with MT margins reaching almost 19% and IP margins nearly 21%. For 2025, the company anticipates revenue exceeding $3.7 billion, 3% to 5% organic growth, and 90 basis points of further margin expansion to 18.6%. EPS is expected to grow 8% at the midpoint, with contributions from acquisitions increasing considerably, and free cash flow projected to be around $475 million. The company is poised for continued above-market organic growth and margin expansion, bolstered by strategic M&A activities.Strong Revenue and Order Growth
Revenue grew by 11% (7% organic), with orders up 10% (5% organic), resulting in a backlog increase of 34% year over year to $1.6 billion.
Significant Margin Expansion
Operating margin expanded by 80 basis points to almost 18%, with MT surpassing 19% and IP eclipsing 21%.
Successful Strategic Acquisitions
Acquisitions of Vanooy and Qesaria contributed to growth, with Vanooy orders up 26%. The company deployed $865 million on acquisitions.
Strong Free Cash Flow and EPS Growth
Generated nearly $440 million of free cash flow and delivered 12% EPS growth.
Performance in Saudi Arabia
Secured more than $30 million in orders on the Riyadh project and continued expansion in the region.
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ITT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ITT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $149.14 | $146.02 | -2.09% |
| Oct 29, 2024 | $143.88 | $145.39 | +1.05% |
| Aug 01, 2024 | $140.49 | $138.27 | -1.58% |
| May 02, 2024 | $128.09 | $123.34 | -3.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ITT Corp (ITT) report earnings?
ITT Corp (ITT) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is ITT Corp (ITT) earnings time?
ITT Corp (ITT) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ITT EPS forecast?
ITT EPS forecast for the fiscal quarter 2025 (Q1) is 1.43.
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