ITT Inc (ITT) Tops Q1 EPS by 19c, Revenue Beats, Offers FY Guidance

ITT Inc (NYSE: ITT) reported Q1 EPS of $1.06, $0.19 better than the analyst estimate of $0.87. Revenue for the quarter came in at $698.4 million versus the consensus estimate of $659.34 million.

GUIDANCE:

ITT Inc sees FY2021 EPS of $3.80-$4.00, versus the consensus of $3.71.

• The company raised its 2021 guidance to reflect the strong first quarter results and a more favorable outlook than initially anticipated for the remainder of 2021. We now expect revenue growth of 8% to 10%, or up 5% to 7% on an organic basis; segment operating margin of 16.8% to 17.3%, and adjusted segment operating margin of 16.9% to 17.4%, up 170 to 220 bps; earnings per share of $3.65 to $3.91, and adjusted earnings per share of $3.80 to $4.00 per share, up 19% to 25%; and free cash flow of $300 million to $320 million, with a free cash flow margin range of 11% to 12% for the full year.

For earnings history and earnings-related data on ITT Inc (ITT) click here.

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