ITT Inc (ITT) Tops Q4 EPS by 1c, Offers Guidance
ITT Inc (NYSE: ITT) reported Q4 EPS of $1.06, $0.01 better than the analyst estimate of $1.05. Revenue for the quarter came in at $685.4 million versus the consensus estimate of $717.05 million.
GUIDANCE:
ITT Inc sees FY2022 EPS of $4.30-$4.70, versus the consensus of $4.66.
- The company’s 2022 guidance assumes continued disruptions in the global supply chain stemming from labor shortages, supplier delays, and raw material inflation, which we anticipate will persist through at least the first half of 2022. We expect revenue growth of 7% to 9%, or up 9% to 11% on an organic basis; segment operating margin of 17.5% to 18.4%, and adjusted segment operating margin of 17.6% to 18.5%, up 40 to 130 bps; earnings per share of $4.22 to $4.66, and adjusted earnings per share of $4.30 to $4.70 per share, up 6% to 16%; and free cash flow of $300 million to $325 million, representing free cash flow margin of 10% to 11% for the full year.
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